Will Homeowners Insurance Cover Roof Replacement?
- 0 POINTSview profileFrank WinterlePrincipal, Creative Insurance Services, Gloucester City, NJIf the roof was damaged by a covered peril under your homeowners insurance policy, there should be coverage to repair the damage, less your deductible. However, if the roof needs to be replaced due to normal wear and tear or age there is no coverage to replace. If you are interested in getting a competitive quote for your home insurance coverage, contact me at fwinterle@creativeins.netAnswered on December 19, 2013flag this answer
7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersHomeowners Insurance does not cover normal wear and tear of any kind, so if the roof is just old this is not a covered peril. Should the roof be damaged by a covered peril then the roof would either be repaired or replaced minus your deductible. A covered peril may include wind, hail, falling objects, fire to name a few.Answered on December 20, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA homeowner’s policy covers damage to your residence from specified “perils.” Additionally, many insurance companies settle losses to roofs differently than losses to the structure itself. Many will repair a roof on an “actual cash value” basis. That means “depreciated.” If the roof has worn out from years of use the insurance company will probably provide little or no relief. If it is damaged by a lightning strike, the coverage will come into play.Answered on August 19, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
