Is Roof Replacement Covered By Insurance?

roofing installation

Is Roof Replacement Covered By Insurance?

A roof replacement can be covered by insurance under certain circumstances. Insurance policies typically cover roof replacement when damage is caused by a covered “event” such as a storm, fire, or vandalism. However, coverage may not extend to roof replacement necessitated by normal wear and tear or lack of maintenance. Reviewing your insurance policy, understanding its terms, and consulting with your insurance provider to determine coverage eligibility for roof replacement is crucial. Providing damage documentation and obtaining a professional inspection can support your insurance claim process and put you in a great position to get insurance to pay for your roof replacement. If you need to know the cause of damage to your roof, contact ABJ Roofing for a free roof replacement estimate!

How Much Does Insurance Pay For Roof Replacement?

The amount insurance pays for a roof replacement depends on several factors, including your insurance policy’s coverage limits, the extent of the damage, and the cost of materials and labor in your area. Insurance policies typically cover the cost to repair or replace the damaged portion of the roof minus your deductible. However, coverage may be limited by factors such as the age and condition of the roof, depreciation, and whether the damage is considered a covered “event” under your policy.

Should I Use Insurance To Replace Roof?

It’s essential to consider your insurance deductible, as you will be responsible for paying this amount out of pocket before your insurance coverage kicks in. Additionally, using insurance for roof replacement may impact your future premiums, so it’s advisable to weigh the cost of the deductible and potential premium increases against the benefit of using insurance to cover the replacement. 

According to Forbes, “Full roof replacement costs between $6,700 and $80,000, or approximately $11,500 for an average-sized home.” If time is on your side, it might make more sense to save up and pay for a replacement on your own and keep the insurance money for an “emergency” repair.