The most straightforward answer is yes. Most insurance companies offer policies that protect you from any form to damage, including a storm.
These policies cover roof damage depending on the terms. Usually, a homeowners insurance policy includes dwelling coverage, which helps pay for repairs or roof replacement.
Your homeowners’ insurance coverage may also include personal property coverage. This helps to repair or replace any items damaged due to a storm.
Even though there are great insurance policies that cover storm damage, it’s always crucial to review the terms before signing any papers. You need to know the coverage limit, deductibles, and exclusions, among other features.
You need to choose a policy that covers wind damage to your roof if you are concerned about the roof. This is because not every cover has such provisions.
Some policies may also include other structures coverage, which covers damage to other structures. Such a cover is important if you have a shed or free-standing garage.
As stated above, always read the terms and conditions carefully for every coverage you wish to take. It clearly explains the terms for any roof damage repair or replacement.
And even though homeowners insurance covers roof damage, there are several factors that will determine how much is covered. These include the roof’s condition, like old age or unresolved maintenance issues. They will affect how much cost the insurance will cover.
Evaluation is very important in such conditions. The insurance company will send a representative to evaluate how much hail damage your roof has taken and then determine the right amount to pay.
Types of Homeowners Insurance Policies and What They Cover
It is essential to know how much the policy you have will pay for a damaged roof. Some will pay for a full replacement, while others will only pay for repairs.
It all comes down to the specific policy you have.
Here are the most common homeowners insurance policies:
ACV Insurance Policy
Actual Cash Value (ACV) is a policy that offers a depreciated value of the wind-damaged e roof. This policy only gives you what the roof is worth during hail damage.
If your current roof is too old, the settlement may not be able to cover the replacement cost. However, it’s still enough to give you a boost.
RCV Home Insurance
The Replacement Cost Value (RCV) insurance policy covers the entire cost of replacing a brand-new roof. Thus, the insurance company must pay you enough to cover the whole project.
Among the most important steps to getting this claim is to check the actual roof’s value, as the insurer holds the recoverable depreciation. Always use a licensed contractor when looking for this information. They will confirm the cost before you can receive the payment check.