As a homeowner, you don’t want to deal with the unexpected cost of a new roof. Whether from age, wear and tear, or damage from a storm, getting a new roof can be a major expense. That’s why many homeowners wonder if their home insurance will cover the cost of a new roof.
The answer isn’t always straightforward, as it depends on the specific circumstances of your situation and the details of your insurance policy. However, there are a few key factors to consider when determining if your homeowner’s insurance will pay for a new roof.
What Damaged Your Roof?
One of the main factors is the cause of the damage to your roof. In most cases, home insurance will cover damage caused by sudden and accidental events, such as storms, high winds, hail, or a fire. However, damage that occurs over time due to normal wear and tear is typically not covered by insurance.
How Old Is Your Roof?
Another important factor to consider is the age of your roof. Most home insurance policies have a “roof exception” clause, which means that insurers may only cover a percentage of the cost of replacing an older roof. This is because insurance companies expect homeowners to maintain their roofs and replace them when they reach a certain age to prevent potential damage.
What Kind of Policy Do You Have?
It’s also important to review your insurance policy to understand the coverage limits and deductible amounts. Depending on your policy, you may have coverage limits that affect how much of a new roof insurance covers. Additionally, you may pay a deductible before your insurance coverage kicks in, impacting your out-of-pocket cost.
If you’re unsure if your home insurance will cover a new roof, speak with a representative at your insurance company. They can review your policy, assess the damage to your roof, and help you understand your coverage options.
As a roofer, I recommend reviewing your home insurance policy regularly to ensure that you have adequate coverage for your home and roof. By understanding your policy and working with your insurance company, you can be better prepared for unexpected expenses like a new roof.
If your home is damaged, and you think you may need a new roof, get started with a FREE estimate.
