Will My Insurance Pay For A Roof Replacement?

June 21, 2024

Will Your Home Insurance Cover The Cost
Of A Roof Replacement In Cypress, TX?

Understanding When The Price Of A
New Roof Is Covered By Insurance

You’ve done everything right as a homeowner, including getting the best homeowners’ insurance. Knowing what that policy covers is essential to getting the most from your coverage, especially when you need a roof replacement in Cypress, TX.

Whether your insurance will cover the cost of your new roof depends on what happened. Some reasons for a residential roof replacement are covered by homeowners’ insurance policies.

At Houston Roofing & Construction, we want to help our Greater Houston area homeowners understand the insurance process more clearly. We’ve got all the answers about what your insurance covers and how to benefit from it.

When Does Insurance Cover The Price Of A New Roof?

To get your homeowners’ insurance to cover the cost of a new roof, your existing roof must have sustained damage from severe weather. One of the main causes of roof damage during inclement weather is straight-line winds that can rip off shingles. You may also experience hailstorms, tornadoes, or freezing rain.

If you experience any damage indirectly caused by Mother Nature, including a tree limb brought down by severe winds, your insurance policy will likely cover the cost of completing a residential roof replacement.

Once damage occurs, you’ll need to take the proper steps to ensure you get the most from your policy’s coverage. This includes calling a reliable roofing contractor in the Greater Houston area who can help you navigate the insurance process.

At Houston Roofing & Construction, we have a lot of experience working with insurance companies. We can help you seamlessly navigate the process from the first call to the company to the paperwork.

What Factors Affect Insurance Coverage
For A Roof Replacement?

The level of coverage you get for your roof can vary based on the policy and certain factors. Understanding these factors is critical so you can plan for your roof replacement.

Age Of Your Roof

Your selected roofing materials will determine the average lifespan you can expect. Once your roof reaches an age close to that projected lifespan, your insurance coverage may decrease.

For example, asphalt shingle roofs generally last between 20 and 30 years. Once the roof reaches 20 years old, your insurance company may decrease its total coverage. Some may even deny coverage when the roof is over a certain age.

Even if a storm damages a 25-year-old roof, your insurance company may determine that the roof was too old to withstand the weather and should have been replaced previously.

Cause Of Damage

One of the first questions your insurer will ask is how the roof became damaged. They have three basic categories for the damage, and depending on which one yours falls into, you may or may not receive coverage.

Covered damages are outlined in your policy. Standard policies typically cover a host of perils, including falling objects, windstorms, and fire.

When it comes to roof leaks, it can be a little trickier. If the leak is caused by normal wear and tear or is due to you not properly caring for the roof, the insurance will not cover the claim.

Rodent damage could go either way. If you fail to be proactive about rodent control, the insurance company is not likely to pay for coverage. However, if a rodent causes a fire by chewing wires, it’s possible your insurance will approve the claim.

How Does Insurance Work For Roof Costs?

Insurance policies typically come in two forms: actual cash value and replacement cost value. You’ll receive a payout to complete the roof replacement in either case; however, the amount you receive will vary between the two policy types.

Actual Cash Value

Over time, your roof’s value will depreciate. When your policy is based on actual cash value (ACV), your insurance will issue a payout based on the roof’s current value.

Depending on the age of your roof, you probably won’t receive enough of a payout to fully fund a roof replacement project.

Replacement Cost Value

With a replacement cost value (RCV) policy, you should receive coverage for the entire roof replacement project. The insurance company should pay to replace the roof with a brand-new version, using the same materials or as close to it as possible. Any upgrades will be paid for out of pocket.

This process typically works by them paying you the ACV upfront. Once your roof replacement is completed, you’ll need to show proof that it was done per the requirements to get them to issue the remainder of the payment.

Choose A Roofing Contractor Who
Knows The Insurance Process

Navigating the insurance process can be a significant challenge for homeowners. That’s why having a reliable roofing contractor on your side is essential to getting the most from your coverage.

At Houston Roofing & Construction, we’re well-versed in the insurance claims process and can be your advocate. We always do what’s in the best interest of our customers, even when it doesn’t benefit us.

So, when you need help with insurance for your roof replacement in Cypress, TX, call Houston Roofing & Construction for your free estimate.

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Free Roof Estimate