Your roof is one of the most expensive parts of your home. When it needs to be replaced, it can be costly. You can file a claim if your roof has been damaged by a storm, fallen branches, or other peril covered by your homeowners insurance. If your roof has deteriorated due to a lack of maintenance, you will likely have to pay for your new roof out of your pocket.
Understanding Roof Insurance
Your roof is one of your home’s most important lines of defense. It protects your home from the elements and maintains proper airflow. Roof insurance is included in the dwelling portion of your coverage. Buying a home warranty will add protection covering many things your homeowners policy won’t. Your roof insurance will cover accidental or unexpected types of damage. Other types of damage will be covered under your home’s warranty.
The Cost of Roof Insurance
The annual cost of your home insurance will depend on the value of your home. The cost of your roof replacement coverage will be included in the price you pay for your homeowners insurance. With homeowners insurance, roof replacement costs don’t affect how much you pay. Your insurance costs are based primarily on your home’s value. Having a home warranty in place will ensure you have sufficient coverage to replace your roof if it is needed.
Filing a Claim for Roof Insurance Damage
If your roof is damaged, you need to file a claim immediately. Your first step is to assess the damage. Getting a list of the damages and a quote for the repairs required from a professional roofing company will help. You will also need to know what your homeowners policy covers. Notify your insurance company and get in touch with the insurance adjuster. Once you receive your settlement, you can hire a professional roofing company to make the necessary repairs.
Is a Deductible Required?
In most cases, a deductible must be paid if you file a claim against your homeowners insurance. The deductible will be the amount you agreed upon when you purchased your policy. The amount will automatically be deducted from your settlement check once your claim has been approved. You will be responsible for paying the deductible amount out of your pocket.
How Much Does It Cost to Replace a Roof?
The overall cost of replacing your roof will depend on several factors. The materials you choose will be a significant factor when it comes to cost. The actual square footage will be used to determine the number of materials needed to make the repairs and finish the roof.
Looking for the Best Insurance Coverage? Contact Family Financials!
When you have questions about replacing or repairing your roof, you must talk to professionals. Contact the agents at Family Financial Insurance Group to learn more about your homeowners insurance, home warranties, and the claim filing process. Our agents have the answers to understand everything you need regarding roof replacement and repairs.