As any Floridian knows, hurricane season can wreak havoc on your home’s roof. So can hail, wind, tree limbs, and a variety of other things. The good news is that most Florida insurance carriers cover roofs. The bad news is that if you understand what coverage is on your policy, you could have problems at the claim time.
The first thing to understand about roof coverage is that the age of your roof is a factor when it comes to your roof claim being covered or not. During the claim’s investigation, the claim’s adjuster will examine your roof for damage and to confirm that your roof is the age stated at the time the policy was issued.
Insurance carriers have rules regarding the age of roofs and what coverage is provided, if any, at all. Each company is different, some may offer limited coverage for older roofs, and some may exclude coverage altogether. If you aren’t sure what coverage you have, pull out the policy and look for a few key terms.
Is your policy an All Risk, also known as Open Peril or a Named Peril policy? It’s important to understand that, because a Named Peril policy limits the coverage. A peril is the cause of loss, storm, fire, wind, etc.
Does your roof have replacement cost coverage or actual cash value? Again, knowing the difference will set the expectation when it comes to a payout. Replacement cost means that they will not factor depreciation into the replacement value. Meaning you will get the full amount to replace or repair your roof minus your deductible. The actual cash value subtracts the depreciation amount from the replacement value, and you get the rest minus your deductible.
How much is your deductible? A deductible is how you will pay out of your pocket towards the repair of your roof. Some companies will want to see that you have paid the deductible before you will get the rest of the payment.
Are there any exclusion? Some companies may exclude specific damage from windstorm, hurricane, tornado, or hail. This means that if one of these things caused damage to your roof, there would be no coverage.
Damage to your roof can lead to a host of other problems, including water damage, mold, and other issues that may arise from a leaky roof. It’s essential that if you suffer a loss, you take the appropriate measures to prevent more damage. At Louis Law Firm, our experienced insurance litigators can help you in every step of the way with your roof damage claim.
As your trusted roof damage lawyer, we can help you navigate through the claim’s process and also ensure that you can get back to living your life. If you have already filed a claim, but your claim has been denied, or the insurance company is limiting your coverage, don’t hesitate to contact us. We will be happy to go over your claim’s situation with you and also help you determine the next steps.