Skip to main content

Looks Aren't Everything. Your Roof And Home Insurance.

By September 12, 2014June 9th, 2020Home Insurance, Homeowners Insurance

Home Insurance for Roof Damage: Are You Covered?

For many of us, home insurance is an important part of being a homeowner — as essential, in fact, as having a roof over our heads. Both are crucial to comfort and peace of mind, but the security of your roof may depend upon your coverage. While you might think your policy covers roof repairs, certain clauses in your policy may be limiting. Factors such as the roof’s age, condition, materials and location, can affect the amount of reimbursement you are eligible to receive. Here’s a quick overview of home insurance and how to make sure you are adequately covered.

Covering Your Assets

When it comes to roofs, the good news is that insurance companies consider roof coverage to be a primary component of their business. A roof is a home’s first line of defense against weather-related catastrophes. In high-wind situations, the roof is the most vulnerable part of a home and is where most of the damage occurs.

According to the Insurance Institute for Business and Home Safety, 90 percent of high wind or hail damage insurance claims include at least some payout for roof repair. In addition, home insurance policies typically cover damage due to fire or vandalism.

When Those Shingles Start to Creak

The age of your roof can be a factor. When a homeowner has an older roof, some insurers will consider its natural depreciation and compensate you according to its decreased value. If your insurer determines that damage to your roof is a result of the condition it is in then you may not be reimbursed at all. In this case, the repairs will be considered part of normal maintenance.

If your roof is more than 10 years old, it is recommended that you talk to your insurance agent to find out how much damage coverage you’re eligible for. If you decide that you want to replace your roof, it’s a good idea to first ask your agent how this will impact your policy. Some companies will only pay the actual cash value rather than cover the full amount it costs to replace it.

Looks Aren’t Everything

When it comes to insurance companies, looks aren’t always important enough to warrant repairs. You may be wondering, “What about cosmetic damage, such as dents and dings to metal roofs or trims?” Depending on the damage and how it was incurred, some insurers may not cover cosmetic issues.

Although you may be concerned about the look of your roof and understand the importance of curb appeal when it comes to the value of your home, it is important to discuss this with your insurance agent before signing up for a new policy.

Location, Location, Location

It may not be something that homeowners often consider but location may also play a part in your coverage. For example, if you live in an area that has a history of wildfires and your roof is made of a non-flame-retardant material instead of heat-resistant tin or asphalt, you might end up paying more for your premium — or worse yet, your insurer might not cover your roof at all.

Similarly, if you live in an area where tornadoes have been known to occur, such as the Lake of the Ozarks, then it’s a good idea to have your roof periodically assessed. Doing this helps to ensure that your roof is always in good enough shape to withstand heavy winds.

Getting the Best Home Insurance

When you’re looking for a new home insurance policy or considering a change from your current policy, take a look at information provided on the McGrath Insurance Group website. McGrath offers a range of homeowner policies with comprehensive, easy-to-understand coverage for your roof, as well as for your home and valuables. McGrath also offers a full selection of premiums to cover everything from your car and boat to your motorcycle or RV.

When it comes to covering your home, not only do you want a good roof — you also want a surefire home insurance policy. By taking care of both, you can make certain that you and your family will be covered, no matter what life throws your way.