Replacing a roof can be an expensive project for most homeowners, so it’s important to understand your insurance coverage when it comes to roof replacement. Depending on the age of your roof, the type of coverage you have, and the cause of the damage, your insurance policy may cover some or all of the cost to replace your roof.
Before you file a claim, it’s important to understand the different types of insurance roof replacement coverage available. Here’s what you need to know about insurance coverage for roof replacement.
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Replacement vs. Repair
When it comes to roof replacement, there are two main types of coverage: repair and replacement. Repair coverage pays to repair the damage to your roof, meaning it’s limited to fixing the existing damage, not replacing the entire roof. Replacement coverage pays to replace the entire roof and may even cover the cost of upgrading your roof to a higher-quality material.
Age of Roof
The age of your roof is one of the most important factors when it comes to coverage. Most insurance policies will cover roof replacement if the roof is less than 10 years old. If the roof is older than 10 years, the insurer may only cover repairs.
Cause of Damage
Insurance companies will also consider the cause of the roof damage when determining coverage. Most insurers will cover damage caused by a fire, wind, hail, or severe weather. However, damage caused by wear and tear or neglect may not be covered.
Deductible
Most insurance companies have a deductible when it comes to roof replacement. Typically, the deductible is a set amount that you will have to pay out of pocket before the insurance company will cover the rest of the cost of the replacement.