Weathering a global pandemic over the last year and an epic winter storm last month seems a tall order. The upcoming spring storms in Texas will arrive soon enough, adding to the tall order list for most North Texans.
Yes, spring storm season brings a bit of dread. It is possible to see hailstones the size of softballs here in the great state. Everything is bigger, after all.
Who knows what the hail and wind storms will bring? Some years have proved benign. Others have proved off-the-chart in damage and roofing claims.
It doesn't hurt to plan ahead and think through what a roofing insurance claim will look like in the event your roof is severely pelted by hail or if you suffer damage from high winds.
Knowing what your insurance carrier will cover as stated in your home insurance policy will help you not to have to ask, "Why won't my home insurance coverage replace my roof?"
Do You Have Partial or Full Replacement Coverage?
One way insurance carriers entice Texans to contract their policy with them is to keep the insurance premium down by offering certain options which may help the pocketbook initially, but could hurt at claim time.
What once was a rather straightforward process (your roof is damaged, the insurance carrier covers the full cost of replacing your roof minus your deductible) isn't always the case.
We can thank "creative" dealings between roofing companies and consumers for leading insurance carriers to tighten down the standards on paying claims and increasing deductible amounts. Roofing companies offering to help customers "eat the deductible" has proven more costly and wound up hurting more than helping in the form of higher premiums. It's also illegal.
As a further way to minimize cost for the insurance carrier, they have provided new solutions meant to have less of a payout to the policy owner, mainly you.
One way of doing this is through a Roof Payment Schedule, a.k.a, a Depreciation Schedule.
If you have this type of provision in your policy, you may not have the protection you need if your roof is altered by ice balls dropping from the sky.
There are good surprises and bad surprises in life. We don't want our clients experiencing a bad surprise in learning what they though they had for coverage is just that . . . a thought.
We advise knowing the difference between replacement cost and actual cash value.
In this case, if you want to answer "Will my insurance coverage replace my roof?" in the affirmative, paying more in premium to do so and bypassing the savings in favor of a costlier claim experience is the route to take.
Getting Covered Before the Storms
If you have any doubt about your policy or know you are not covered, there is time to talk about it and most importantly, do something about it.
We also have access to great options with carriers that pay claims consistently and promptly.
We hope the right policy with the right carrier will give you the peace of mind of knowing you're covered while listening to the pounding up top.
Stay covered, Texas.