When your roof gets damaged by the weather, your home insurance can bail you out. However, compensation varies from policy to policy. Also, paying your premium on time doesn’t guarantee you will get paid when you file a claim.
To ensure that your storm damage claim will get paid out, Goodrich Roofing answers the most asked questions about it:
Will Home Insurance Cover Everything?
Review your insurance policy to refresh your memory about which events and components are covered. The common reasons homeowners file a claim are for the types of destruction inflicted by hailstones, strong winds and flying debris, such as trees.
Contrary to popular belief, not all policies cover 100% of the cost of a new roof. Some prorate for the age of the existing system, paying the insured based on its depreciated value. It’s always wrong to assume that you could receive the same compensation for wind or hail damage as your neighbor.
What Is a Deductible?
A deductible is the portion of the covered loss for which you would be financially responsible. Deductible amounts vary widely, and they affect the cost of the monthly premium. As a general rule, the higher your deductible, the lower your premium becomes. Although it’s an out-of-pocket expense, most insurers subtract the amount from the payment when writing checks.
Why Are Some Claims Denied?
Sometimes, roof hail and wind damage claims get rejected. The process can be tricky because insurers investigate each case meticulously. Without the assistance of an experienced roofer, it can be difficult to navigate the claim procedure.
With almost 70 years of experience fixing storm damage and dealing with insurance companies, you can rely on Goodrich Roofing when filing a claim. We provide emergency repairs, document destruction thoroughly and secure fair and adequate compensation. Call us at (505) 219-4450 now to discuss your roofing needs, and get a FREE estimate in Albuquerque or any nearby area.