Roof Replacement and Home Insurance
Did this past winter create mayhem in your yard? Downed trees, ice storms, wind, and power outages...thank goodness we have reprieve for a little while! Now it's time to fix any issues up on the roof before the summer rainstorms start dancing into town.
One of the most beneficial things that you can do as a homeowner is know what is in your home insurance policy. Read it thoroughly at least once a year upon renewal to check for any updates.
Knowing your policy is critical when the inevitable damage occurs. Let's face it, New England weather will beat up and break down your home's exterior over time. With this taken into consideration, we should all take a cautious approach to payment and deductible options. Having a higher deductible with a smaller monthly payment is a great option to save money, but it can also hit your wallet pretty hard when an unexpected wind storm knocks a tree or large branch into your roof, causing leaks inside your home. We're not suggesting everyone needs to go change their plan, only sharing information as 'food for thought' since the nature of having insurance in the first place is accepting worst-case-scenario is an actual possibility.
The general rule of thumb on roof replacements (check your policy for specific plan coverage) is: If your roof is fairly new (less than 10 years old), your insurance may cover the full cost of replacing the roof if damage comes from an unusual event. If your roof is older than 10 years, replacement coverage will be calculated according to the depreciated value of the roof (or section of damaged area). Please keep in mind, insurance will not cover replacement if the roof is breaking down due normal aging or lack of proper maintenance. So, if you have a few shingles missing or mold spots forming, get those sections fixed while the problem is still manageable.
If you're ready to put in a claim with your insurance provider, here is a quick tip if you are not savvy on the working parts of a roof system: Ask your local roofing professional to be present onsite while the insurance adjuster conducts a damage inspection. This way the roofer can direct the adjuster's attention to any damaged areas that they may otherwise miss (if they're not used to looking at roofs every day).
We've said it before and we'll say it again, while a roof is not always the prettiest part of a home, it is a vital piece of the equation. Having a solid roof system in place, with proper venting and underlayment, will curb other problems (leaks, mold in the attic, energy efficiency). In fact, the first "Spring Tip" on Arbella Insurance's site is checking your roof out.