Water can be one of the most destructive elements when it comes to your home's structural stability. When water penetrates your home's roof via a leak, serious damage can occur. Repairing a roof leak can be a costly endeavor, so most home owners file a claim with their homeowners insurance company to help offset the cost of these repairs.
There are many factors that can affect the amount of money you will be eligible for when filing for roof leaks insurance claims. Here are three things that will be taken into consideration when determining if your insurance policy will cover a roof leak in the future:
1. The coverage provided in your policy.
It's important that you take the time to understand your insurance policy when filing a claim for a roof leak. Homeowners insurance policies can differ in the amount of coverage provided.
Some policies will provide compensation for the full cost of replacing a section of roofing damaged by a water leak, regardless of age, while other policies may only cover a depreciated cost if your roof is older. You should take the time to review your coverage with your insurance agent prior to filing a claim.
2. The condition of the roof at the time of the leak.
Although your insurance policy may cover the cost of roof repairs associated with a water leak, you must be able to show that the leak was caused by faulty materials and not a lack of routine maintenance. Failing to properly maintain your roof over time could compromise the performance of your roofing materials.
Prior to paying you for your claim, the insurance company will likely send an inspector to your home to examine the damages and the condition of your roof. Be prepared to show documentation that proves you have maintained your home's roof over time to ensure your claim is paid in a timely manner.
3. The extent of the damage.
Another important factor that is considered is the extent of the damage. Your claim could be denied because the damage is too extensive, and the roof will need to be replaced and not repaired.
If your insurance claim is denied because the damage is too extensive, you will need to file a separate claim asking for reimbursement for the installation of a new roof rather than for the cost of repairs.
Being able to understand the factors used to determine if your insurance policy will cover a leaky roof will help you better navigate the process of filing a claim in the future.