When it comes to your roof, you can rely on the experts here at California Roofing Pros. We specialize in all things having to do with your roof. As you know, a roof is not a cheap investment so you want to take good care of yours so that it lasts a long time and doesn’t cost you a lot in repairs along the way. However, there are some times when you will be facing repairs or a replacement and it’s a good idea to understand how your homeowner’s insurance can help. Keep reading to find out everything you need to know.
Most homeowner’s insurance policies with cover roof repairs and replacements if it’s damaged due to accidents or natural disasters, such as storms or wind. It will also likely cover your roof if it’s sustained water damage or a roof failure. It’s a good idea to review your homeowner’s insurance policy so that you understand what is covered and what isn’t.
You’ll also have to meet the deductible on your policy before it pays out. You can keep your payments low with a higher deductible, but make sure that it’s one you can realistically afford if you need to use your policy to cover roof repairs or replacement. California Roofing can help you navigate your insurance claim, if necessary.
Replacement or Fair Value Coverage?
It’s a good idea to read all of the fine print on your insurance coverage so that you have a clear picture of what it covers for California roofing. Some policies will cover a complete roof replacement, while others might not. In some cases, you will only be compensated for the market value of the materials. Keep in mind that fair market value is adjusted for depreciation and won’t necessarily be the amount you paid.
That means that the older your roof, the less of a payout you’ll get in this case. If your policy covers a replacement, it will be for the same type of roof you have coverage for. That means you can’t switch from shingles to sheet metal, for example. If you have an insurance rider, some upgrade costs may be covered. If you are unsure what your policy covers, have your insurance agent go over it with you and explain it in terms you understand.
What’s Excluded on an Insurance Policy?
It’s just as important to understand what’s not covered by your insurance as it is to know what is covered. Generally, there are some things that a policy won’t cover, meaning you’ll be responsible for paying for repairs in those cases. Some of the most common exclusions include hail damage, damage caused by a storm, flooding, and earthquake damage. However, you can pay additional premiums to have these exclusions removed from your policy.
It’s best to weigh the financial repercussions for this before you decide to move ahead. You may pay these higher premiums and never need to use the coverage. Read your policy carefully to understand what is excluded.
When you need roof repairs or replacements, you need California Roofing Pros. Call us today to get a free estimate.