Is Damage to My Roof Covered
Roofs Covered:
Yes - We offer products that are Basic/Broad/Special form and Versions at each level that are Replacement cost or Actual Cash Value
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
All Peril - We do offer a split wind/hail deductible but it is not limited to the roof, it applies to entire dwelling.
Flat Dollar or Percentage
N/A
Deductible Amount Options
N/A
Company Determined Deduct
N/A
How Will My Claim Be Calculated
RCV, ACV OR FRC:
Replacement Cost or Actual Cash Value
Options Determined by:
The settlement option can be determined by the policy, selected by the policyholder or it can be determined by the company based upon the age, condition or construction of the roof.
Criteria For Settlement:
We require an ACV roof endorsement on new policies written on homes with roofs over 15 years old or if the roof has multiple layers, shakes, is cupping, curling, streaking or missing shingles. if a policy was written with Replacement Cost coverage and the roof was 14 years old at the time the policy was purchased, the customer would still have Replacement Cost coverage on the roof if a claim were to occur two years later when the roof was then 16 years old.
Any Other Exclusions or Limitations
Limitations on matching- See Protector Insurance Policy, Form CU-1266 (8/16)- Settlement and Valuation, Section 2b - Page 25 for additional information.