Filing insurance claims for roof repairs can come with a lot of uncertainty for business and home owners whose properties are affected by roof damage.
When it comes to roof damage and the required roof repairs, and regardless of whether the roof is new or old or made up of metal, slate, tiles or asphalt, both property owners must first assess their situations and determine whether it can be covered by their insurance policies before embarking on renovating exercises.
One of the things that many property investors do not know is that most of the roofing problems can be covered by insurance but it all depends on the insurance policy you choose.
If the roofing issues are covered, you can then submit your claim through your insurance company and get a reimbursement for the repair expenses. Having said that, it’s worthwhile to note that every roof is unique—the same way insurance policies are.
Does Home Insurance Cover Your Roof?
First and foremost, let’s understand the basics. Theoretically, home insurance should cater for the cost of repairing or rebuilding your home, helping you to safeguard your property against things beyond your control. This includes natural disasters such as hail, floods, storms and bushfires.
As it is, most homeowner insurance policies cover roof damage caused by other issues such as vandalism.
And even though rain, wind, hail and floods are covered by most insurance policies, there are several factors that determine if certain damage to a roof will be covered and if so, how much the client will be reimbursed for the required repairs. These basics are applicable to the exterior elements directly attached to your home’s roof such as the roof gutters and sidings.
At this juncture, it must be understood that the best way to confirm what’s covered or not covered by your insurance policy is to contact your insurer.
The information contained in this article is of a general nature only. It does not take your specific needs, objectives or circumstances into consideration, and is not financial advice, legal advice or otherwise a recommendation to purchase any financial product or insurance policy. You should seek your own independent financial advice from a qualified financial and insurance adviser before making any financial decisions, and seek your own independent legal advice from a qualified solicitor before making any decisions of a legal nature.