Does Insurance Cover Hail Storm Damage to Roofs?
Hail is a common cause for many insurance claims across the country, causing millions in damages to cars, equipment, and of course, roofs. But just because you make a claim, doesn’t always mean your insurer will cover the costs…
So, does insurance cover hail storm damage to roofs? We have answers – and what to do if your policy excludes coverage in order to prevent any unpleasant surprises down the road!
Keep reading or contact Mid-Shore Exteriors to learn more!
Is Hail Damage Covered by Home Insurance?
When a storm or other natural disaster damages your roof, it is important to get the damage repaired as soon and efficiently as possible. Most standard home insurance policies cover hail damage, but how much is covered may depend on where you live, the type of policy, and your insurer.
Also, most insurance companies often try getting you to accept less complete (and cheaper) solutions that may cause bigger issues down the road. That’s why it’s important to contact a trusted roofing contractor after discovering hail damage to assist with the claims process.
How Much Does Insurance Pay for Hail Damage?
How much your insurance will pay for hail damage varies. It is important to know that most homeowner’s insurance policies have a deductible, which is the amount you are responsible for paying before your coverage kicks in. For example, if your deductible is $1,000 and the damage to your roof costs $5,000 to repair, you will only receive $4,000 from your insurance company.
Additionally, some homeowner’s insurance policies exclude coverage for certain types of damage. For instance, many standard policies will not cover hail damage to a roof that was previously damaged by wear and tear or poor maintenance.
Actual Cash Value vs. Replacement Cost Value for Home Insurance
You’ve probably seen the acronyms ACV and RCV throughout your search for answers of what your homeowner’s policy will cover. The costs to repair hail damage done on your roof is evaluated at either actual cash value (ACV) or replacement cost value (RCV).
The ACV of a roof is what it’s worth today, taking into consideration depreciation for things like materials, age, and overall condition. With RCV coverage, it will cover what it costs to replace. This type of coverage typically comes with a higher monthly premium, but you will get more upfront money to replace the roof and often be able pay it off in full!
What to do if Your Roof Damage Insurance Claim is Denied
If your claim is denied or only partially covered, don’t give up. You have the right to appeal the insurance company’s decision. When you appeal, be sure to put your appeal in writing and include as much documentation as you can to support your case.
If your appeal is denied, you still have options. You can take your case to court or hire a public adjuster. A public adjuster is an insurance claims specialist who will review your policy and represent you in negotiations with the insurance company.
If all else fails, another option is financing. Choose a roofing contractor that offers a great financing deal – like Mid-Shore Exterior’s 0% interest, 0 payments for 1 year. Learn more about this incredible offer!
Work with Mid-Shore When Filing Your Hail Damage Insurance Claim
When disaster strikes, our team is here to help. For decades, we have helped our customers get the most from their insurers and provide elite quality roofing. Our team will work hard at advocating on your behalf so that you get the best remedy available – all while making sure everything gets done efficiently.
Contact Mid-Shore Exteriors today to begin a claims process or if you have additional questions about insurance coverage for hail damage to your roof!