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
There is a separate deductible that would apply. The insured has an option of a Windstorm or Hail Deductible or a Roof Surfaces Endorsement would apply. Roof Surfaces Endorsement pays a percentage of the replacement cost based on type of roof and age of roof.
Flat Dollar or Percentage
The policyholder may select a flat dollar or percentage deductible.
Deductible Amount Options
1% and 2% Flat Dollar Deductibles range from $2,500 to $10,000 Roof Surfaces Endorsement
Company Determined Deduct
Policyholders with roofs less than 15 years of age may select any deductible option. Policyholders with roofs 15 years or older may select the 2% or flat dollar deductible of $4,000; $5,000; $7,500 or $10,000 or the Roof Surfaces Endorsement. Policyholders with wood roofs may select the 2% or flat dollar deductible of $4,000; $5,000; $7,500 or $10,000 or the Roof Surfaces Endorsement. Current policyholders with slate or tile roofs may select the 2% or flat dollar deductible of $4,000; $5,000; $7,500 or $10,000 or the Roof Surfaces Endorsement. Current policyholders that do not have an auto policy with us may select the 2% or flat dollar deductible of $4,000; $5,000; $7,500 or $10,000 or the Roof Surfaces Endorsement.
How Will My Claim Be Calculated
RCV, ACV OR FRC:
Replacement cost for all options except the Roof Surfaces Endorsement which is settled based on the roof schedule that uses type of roof and age of roof. Losses over $5,000 are paid at the actual cash value until the repairs are completed.
Options Determined by:
The settlement option is determined by the product selected and any endorsements added to the policy.
Criteria For Settlement:
The roof age and type used is what the insured reported to us.
Any Other Exclusions or Limitations
No code upgrade coverage when the policy has the Roof Surfaces Endorsement attached. We do not cover loss that alters the physical appearance of a wood, tile or slate roof that does not result in the penetration of water through the wood, tile or slate roof or does not result in the failure of the wood, tile or slate roof to perform its intended function of keeping out the elements over an extended period of time.