Is Damage to My Roof Covered
Roofs Covered:
Yes
Underwriting Restriction:
No
Roofing Details:
N/A
What Will I Have to Pay?
(My Out of Pocket)
Your deductible. A deductible is the part (or amount) of the claim you're responsible for. Insurance companies will deduct this amount from any claim settlement amounts they pay to you or on your behalf. So if your insurance policy has a $1,000 deductible, that means you've agreed to pay $1,000 out of your pocket for the damage to your home.
A deductible can be either a specific dollar amount or a percentage of the total amount of insurance. There are special deductibles that apply to certain types of claims; some deductibles are applied to specific parts of your home, like your roof. You can learn about the deductibles for your policy by looking at the declarations page or the front page of your homeowners' insurance policies.
Deductible - Policy or Specific
Roof damage is subject to the policy's all peril deductible. There is an optional wind/hail deductible, but it would apply to all covered losses.
Flat Dollar or Percentage
N/A
Deductible Amount Options
The all peril deductible can be a flat dollar deductible which will vary between $250 and $5,000 or it can be a percentage deductible which will vary between 0.5% and 2%. If a wind/hail deductible is selected, it can be a flat dollar deductible which will vary between $500 and $5,000 or it can be a percentage deductible which will vary between 1% and 5%.
Company Determined Deduct
N/A
How Will My Claim Be Calculated
RCV, ACV OR FRC:
Replacement Cost Value would apply to roof damage.
Options Determined by:
The settlement option is determined by the product or policy, selected by the policyholder.
Criteria For Settlement:
N/A
Any Other Exclusions or Limitations
Please see Section I Conditions, paragraph 5(c) on Page 17 for additional information.