How much is the deductible for a new roof in Fayetteville?
Your deductible will vary depending on what insurance company you have as well as the types of policies that are in place. Your deductible is a specific amount of money that you (being the homeowner) will pay towards any sort of insurance or damage claim whether that be in a car accident or replacing a roof that took damages from a storm. Once you have paid the full deductible amount your insurance provider covers the remainder of the costs included inside your policy or program. For the purpose of this article let's say that the roof replacement in Fayetteville costs $11,000 and your deductible is $2,000, this means that you would pay the $2,000 and then the insurance company would cover the remaining $9,000 to have the roof replaced. The main benefit of insurance companies in regards to roof replacement is when the home suffered damages due to a storm, wind, hail or lightning. Before you can get an exact amount of your roof deductible you need to know a few things before you begin filing a damage claim for your roof.
Insurance companies have different types of deductibles for varying circumstances and events that can take place at the home or on the property. For instance a medical deductible will usually have a higher cost compared to a home damage claim from a hail storm, many companies weigh the probability of damages happening and adjust their deductibles according. When dealing with home damage claims such as roof replacement and other repair services the term “peril” is commonly used to categorize the type of claim.
Most major insurance providers include peril damages in their plans and offer varying amounts of extended coverage that include things such as hail damage, wind damage etc. Hail damage and wind damage are some of the most common types of perils to occur within the residential roofing industry. While there are different amounts of coverage regarding peril a “damage specific” deductible is usually a single amount of money that goes toward all the covered damages such as a roof replacement caused by severe hail. It is always a smart idea to research your policies and what is included inside the insurance plan, along with what types of roofing damages are covered under the policy. In some cities an insurance company may have a higher deductible for hail damage if said area is much more likely to have the damages occur.
An important thing to remember is that deductibles can not be used to help get upgrades or new materials that were not already on the property. Let us imagine that your roof was damaged by a massive wind storm that blew through town and you had standard black 30 year life asphalt shingles on the roof. When you file the claim you see that there are new premium grey composite shingles that would make the home look much more appealing. The insurance would cover the cost (after your deductible is met) for the standard black 30 year shingles and not the entire cost of the new premium grey ones. This doesn't mean that you can't get the grey shingles, it simply means that you would be required to pay for the difference in price from what the insurance company will cover and what the new shingles cost.
Your personal information regarding policies and plans should only remain with your insurance provider, a roofing company that wants to pry into what your policy includes is a red flag. Our roofing contractors in Fayetteville will never offer a discount on a roof replacement to try and offset deductible costs with your insurance company.
There are some situations where you may be able to write off or deduct many of the costs required for a roof replacement job.Out of pocket expenses (costs that your insurance company doesn't cover) can be written off on your taxes in many cases if your home was damaged. Be sure to talk with your tax advisor or accountant to see if this is an option for you. If you need a roof replacement job completed and your insurance company is going to help then now is the time to call! Our Fayetteville roofers are ready to help with any of your roofing replacement needs and have helped many people with their roof replacement due to damages and storms.
Insurance companies have different types of deductibles for varying circumstances and events that can take place at the home or on the property. For instance a medical deductible will usually have a higher cost compared to a home damage claim from a hail storm, many companies weigh the probability of damages happening and adjust their deductibles according. When dealing with home damage claims such as roof replacement and other repair services the term “peril” is commonly used to categorize the type of claim.
Most major insurance providers include peril damages in their plans and offer varying amounts of extended coverage that include things such as hail damage, wind damage etc. Hail damage and wind damage are some of the most common types of perils to occur within the residential roofing industry. While there are different amounts of coverage regarding peril a “damage specific” deductible is usually a single amount of money that goes toward all the covered damages such as a roof replacement caused by severe hail. It is always a smart idea to research your policies and what is included inside the insurance plan, along with what types of roofing damages are covered under the policy. In some cities an insurance company may have a higher deductible for hail damage if said area is much more likely to have the damages occur.
An important thing to remember is that deductibles can not be used to help get upgrades or new materials that were not already on the property. Let us imagine that your roof was damaged by a massive wind storm that blew through town and you had standard black 30 year life asphalt shingles on the roof. When you file the claim you see that there are new premium grey composite shingles that would make the home look much more appealing. The insurance would cover the cost (after your deductible is met) for the standard black 30 year shingles and not the entire cost of the new premium grey ones. This doesn't mean that you can't get the grey shingles, it simply means that you would be required to pay for the difference in price from what the insurance company will cover and what the new shingles cost.
Your personal information regarding policies and plans should only remain with your insurance provider, a roofing company that wants to pry into what your policy includes is a red flag. Our roofing contractors in Fayetteville will never offer a discount on a roof replacement to try and offset deductible costs with your insurance company.
There are some situations where you may be able to write off or deduct many of the costs required for a roof replacement job.Out of pocket expenses (costs that your insurance company doesn't cover) can be written off on your taxes in many cases if your home was damaged. Be sure to talk with your tax advisor or accountant to see if this is an option for you. If you need a roof replacement job completed and your insurance company is going to help then now is the time to call! Our Fayetteville roofers are ready to help with any of your roofing replacement needs and have helped many people with their roof replacement due to damages and storms.