Do all homeowners insurance require over 50% of roof be damaged to cover storm damage replacement?
UPDATED: Oct 25, 2011
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Asked October 25, 2011
Replacing a roof is expensive, and insurance companies have to keep costs down to a reasonable amount in order to continue protecting your property against future claims. In most cases, the damage resulting from a single storm is not going to damage your entire roof, or even a significant portion of it, so the insurance company would prefer to pay for repairs to the damaged parts rather than replace the entire roof.
The key is the cost of repairing the damage versus replacing the entire roof. If only a small percentage of your roof is damaged, say, less than 50% of it, then the cost of making repairs to the damaged portion will probably be lower than replacing the entire roof. If, however, the cost of making repairs is proportionately equal to replacing the entire roof, the insurance company will go ahead and allow complete replacement.
If you would like to replace the entire roof while repairs are being made, your insurance company may be willing to pay for a specific portion of the replacement if you are willing to pay the difference between the repair cost and the replacement cost. Contact your insurance company about this before the repairs begin, and make sure that you get the agreement in writing. That way, you won't have to deal with problems later if you have to deal with a different person at the insurance company about this project.
Remember to make any necessary repairs to prevent the damage from getting worse immediately after the storm passes. Failure to secure the property against further damage can hurt your chances of making a successful claim because the insurance company may decide that you failed in making the emergency repairs needed, denying the claim on the grounds of improper maintenance.
Answered October 25, 2011 by Anonymous