Roofing Analysis & Consulting

Wind and Hail Damage? A separate deductible almost always applies. As insurance premiums rise so might your deductible. Most insurance carriers have gone to a percentage based deductible and a roof payment schedule. What’s that mean??
A percentage deductible is going to be based on the overall value of your home. $300,000 value at 1% is 3000 2% is 6000.00 and so on upto 5%.
The RPS is a roof payment schedule that limits the roof to only pay a percentage of the replacement cost but on an ACV actual cost value.
How does this affect you?
Simply put you have minimal insurance on your roof. If your roof is 10-15 years or older you could expect a 50-60% value on your roof minus the large deductible. For instance $20,000 roof 50% depreciation leaves $10,000 ACV minus $6000 deductible and you’re left with $4000.00 to replace your $20,000.00 roof. Thank your politicians for allowing this crafty move.
That’s why it’s so important to hire an independent who understands insurance policy and loss values before you file a claim and before you hire a contractor.