Roofing and Home Insurance: Understanding Coverage and Claims

Roof leaks and more serious damages are a nightmare for homeowners. When leaks or catastrophes happen – it’s the first instinct to Google, “Does home insurance cover roof damage?” The answers are a little more complicated in some scenarios than expected. The best solution is to understand your coverage ahead of time so that you can confidently take care of the situation when the situations arise.

Wooden House

Does Home Insurance Cover Roof Leaks

Roof leaks are a nightmare. Leaks are usually signaled by discoloration or, more obviously, actual precipitation in the home.  However they arrive, there’s no question they’re unwelcome. Given that 40% of home problems stem from roof-related water intrusion issues, addressing them promptly is critical – though you don’t want to panic.

The first step is to prevent further damage. If an inspector can’t get out immediately, you must ensure any incoming water is properly caught and contained. Avoiding damage to flooring, carpet, and the house structure is critical – this can be as simple as having a system of buckets and laying a tarp to protect the area. Placing a tarp over the external leak area may be worthwhile if possible and safe.

After securing the immediate issue, you must understand how to pay for the repair. Home insurance roof leak coverage issues can be tricky. The leak may not be covered because insurance pays for sudden events and not accumulated damage. For instance, if a hail storm ripped off shingles to cause the leak – that would likely be covered. Conversely, insurance would not repair the roof if sun exposure caused the failure over time. Understanding the cause of what happened will help determine if you have to bear the bill or if insurance will pay.

Does Home Insurance Cover Roof Repairs

Those wondering, “Does home insurance cover roof damage”? Can probably rest a little easier compared to those experiencing leaks. Larger roof replacements will more likely be covered under insurance. Large roof replacements are more likely to result from massive wind or storm damage. However, it’s still not certain you won’t have to contribute to the repair cost.

Knowing the distinction between replacement cost and actual cash value policies is important in these situations. With a replacement cost policy, the insurance company will typically pay the full cost of the repairs at their current market price. If you have an older damaged roof, you may still have a compelling reason to make a claim.  Conversely, if you have an actual cash value policy, insurance companies will deduct the damaged roof’s depreciated value before settling the claim. For example, if a 25-year-old roof is damaged, insurance may cover very little, and it can be a close call if paying the deductible is worth it. If you are concerned about the ability to pay for a new roof when damage occurs, then it can make sense to pay for replacement coverage.

Does getting a new roof lower home insurance

Installing a new roof, while expensive, can yield significant savings over the long term. This is because as roofs deteriorate with age, they become more likely to give rise to events an insurance company may need to replace. Depending on various factors – such as location, materials, and the installer, the insurance company could lower the premium by 5-35%.

In addition to lowering home insurance premiums, homeowners should consider that their homes may not be insurable if their roof reaches a certain age. While this can range from insurer to insurer, if your roof is nearing the end of its useful life, it is important to explore whether you need to replace the roof to be insurable.

Call an Expert for Help

It’s critical when facing roof dilemmas to know how to take action.  Contacting an experienced roofer to extend the roof’s life and prevent leaks and give sound advice on replacements can help save time and money in the long run. Jack C. Wilson Roofing has been trusted to advise Florida families and homeowners since 1946 – contact them today if you need an experienced roofer’s help protecting your home.