Having your roof replaced can get very expensive and be a huge drain on your finances, especially if it catches you unprepared like in emergency cases. Thank heavens for insurance. However, just because you have insurance does not necessarily mean that you won’t have to shell out any money. Most of the time, you may have to pay a deductible.
What Are Roof Replacement Deductibles?
A deductible refers to the amount a homeowner has to pay towards the cost of replacing a roof. This varies from company to company and also by insurance product and state law. For example, if a new roof costs $10,000, and your deductible is $1,000, your insurance provider will pay $9,000 towards the replacement while you shoulder the $1,000.
While most insurance companies have an “all peril” coverage where you pay a set amount regardless of what caused the damage, there are some policies that will have different amounts depending on which type of peril caused the damage. For instance, your deductible for hail damage may cost $1,000 while damage caused by high winds and hurricanes may cost $1,500. To better understand your coverage, talk to your insurance provider about storm damage insurance claims.
Deductibles Don’t Cover Add-Ons or Upgrades
When calculating your total cost for a roof replacement, it is important to know that deductibles do not count towards add-ons or upgrades. An insurance claims adjuster will appraise the total value of your old roof and replace it with a product that has the same or similar value. If you had standard 3-tab asphalt shingles and want to upgrade to a more expensive option like clay or concrete tiles, then you will have to shoulder the difference.
If you are in need of storm damage repair services or are looking to get assistance in filing an insurance claim, feel free to give Willi Roofing Services a call at (512) 394-8234 or fill out our contact form, and let one of our well-trained experts guide you through the process. We service the areas in Lakeway, TX, and its surrounding communities.