Wilmington Roofing: Article About Insurance Roof Work
Whether a roof has been damaged in a storm or is starting to lose effectiveness in its old age, it is never a good idea to put off any needed repairs that may arise. In some cases, a roof may need to be fully replaced to ensure that it protects the home against the elements and is structurally sound. Having an inspection done by a Wilmington roofing professional may allow a homeowner to determine what type of damage a roof has and what it may cost to get it repaired.
Although it can cost hundreds or thousands of dollars to repair or replace a roof, a homeowner may not have to pay for it. A homeowner's insurance policy may include coverage for some or all types of roof damage. How much the policy will pay out depends on the amount of coverage purchased, the age of the roof and whether there are any exceptions from being covered.
While an insurance adjuster will typically examine the roof prior to any claim being approved, most homeowners will be covered in the event of hail or lightening damage.
The experts at The Roof Maker of Wilmington roofing companies can assist you with any questions regarding metal roofing or asphalt shingle roofing.
However, if the roof is more than 10 or 15 years old or the roof is out of warranty, it is possible that the policy will only pay for the depreciated value of the roof. This means that the owner would be responsible for paying the difference between the estimated value and the cost of restoring the roof as close as possible to its previous condition.
If only a small portion of the structure needs to be replaced, the insurance company may approve the claim but use inexpensive materials whenever possible. For instance, OSB may be used if sections of decking need to be replaced, or asphalt shingles may be used even if clay tiles or cedar shakes were used originally. Although this may look awkward from an aesthetic perspective, the insurance company's main concern is meeting their policy obligations while spending as little as possible to do so.
In some cases, the contractor, the homeowner and the insurance company may be able to work together to fix any damage caused to the roof. If the property owner wants work done that isn't covered by the policy, it may be possible to work out a payment plan to pay the balance owed. A payment plan may also be possible for those who don't have the resources to pay for their deductible upfront.