Examples of How Roof Claims Could Be Paid

How does it look in a potential claim situation if –

• Your roof coverage is ACV/Limited Loss Settlement
• Your wind/hail deductible has increased

Example

There is a roof loss that will cost$5,000.  Your roof is 15 years old and is an asphalt shingle.  Your home deductible is $1,000

Before recent trends in roof coverage –

• Coverage for the roof (replacement)=$5,000
• Deductible = $1,000
• Your out of pocket expense = $1,000

With Limited Loss Settlement and higher wind/hail deductible

• Limited Loss Percentage = 55% (Review table below to see how we came up with this percentage.)
• Roof damage = $5,000
• Payout (5,000 x 55%)= $2,750
• Wind/Hail Deductible = $2,500
• Your out-of-pocket expense (5,000 – 2,750+ 2,500)= $4,750

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What can you do?

1. Please make sure that we have the most up-to-date year that your roof was last replaced. Newer roofs have fewer restrictions on coverage and prices.
2. Review your policies, at minimum, annually to ensure that all coverages are correct, you are aware of your deductibles, and so that there are no surprises if you have a claim.
3. Have your roof inspected by a trusted local roofer. Address any loose, broken, or worn shingles, loose nails, cracked sealant, flashing, moss growth, or other repairs now.
4. Ensure the gutters and downspouts are secure and have been cleared of debris.
5. Trim overhanging limbs, prune trees around the property as needed, and inspect trees for damage after a major storm.
6. Call us.  We want to help.

As we navigate the complexities of the present, we remain steadfast in our commitment to your future.  Looking to the horizon, we see a landscape of opportunities and challenges that we are eager to explore alongside you. Your trust in us fuels our dedication to seeking out the paths forward.