What factors are used to determine whether insurance claims for leaky roof damage will cover?
What factors are used to determine whether insurance claims for leaky roof damage will cover?
Depending on what your coverage is and how much damage there is, you might not be able to file an insurance case for roof damage. You can review your paperwork to check what damage is covered by your policy. Then, speak with your local roofing experts to receive a fair repair estimate.
Here are some things you need to know as you move ahead:
Are You at Fault for the Damage
Many homeowners neglect to properly care for their property. They don't care about cracked or missing shingles and leave gutters unattended until there is a problem. If your roof shingles have become damaged or cracked due to water infiltration, your roof insurance claim may be denied.
If your shingles are damaged from hail, insurance may pay the cost of replacement.
What is the "Exclusion" for Damage?
Your policy will have an exclusions section that will outline all the types and circumstances the company won’t cover. Flood damage can be a reason for an additional policy in certain areas.
Does the repair cost more than your deductible?
The deductible represents the amount you'll need to pay to correct any damage. Common deductibles range between $500 and $5,000. If the cost of repairing the damage exceeds your deductible, you will not be paid any money by the insurance company if a claim is filed. Before you contact your insurance company, be sure to get a price quote for roof repairs.
Be sure to include costs for replacing or repairing damaged items (including drywall and flooring) in your claim.
It doesn't matter if you have a leaky roof, an insurance claim can be filed.
Homeowners who aren't familiar with the process might feel tempted to file a complaint if their policy covers the damages. It's perfectly reasonable and well within your policy guidelines. Your insurance company might decide you pose too great a risk to their coverage and may terminate your coverage. Your insurance company may not require you to violate any rules before firing you.
The cost of your insurance policy will go up if there is a claim. These increases are often significant. It's not possible to avoid this by switching between companies. Multiple company claims get reported to Comprehensive Loss Underwriting Exchange. Insurers check this before they write new policies.
Sometimes, it's more important whether or not to file a case than whether or not you are able to recover the damage.
Insurance experts suggest that you skip filing a claim if the damage is less than $5,000. Instead, consider a policy with higher deductibles. This lowers the price of coverage. Place your savings in the Bank and use them as a payment for any minor issues.
It is possible to put your insurance coverage at risk by filing more than one claim for a roof leakage (whether or non-weather) every tenth year.
Fort Wayne Roofers can assist you in deciding whether to file a claim for roof damage insurance. Call us today for a free quote.
Fort Wayne Roofers
Fort Wayne, IN
(260) 233 7260