Okay smirk would think insurance today we're gonna talk about roofs and insurance and will your insurance cover a roof there's actually has several different answers to this there's a Noah's a yes and we'll go over those situations there's actually a lot of little things a lot of people don't realize about roofs and there's some.
Tricks that some of these not so honest agents out there are doing or not even dishonest just some of them are getting the premiums lower by changing some of these coverages so let's dive right into it the first thing your insurance is gonna do is they're gonna make a list of all of the different questions that they're gonna ask you the underwriting.
Guidelines and in those is going to be something along the lines of what year was your house built how many square feet is it does it have a basement all that stuff one of those questions is about your roof so it wants to know what the age of the roof is when was it last replaced sometimes if it's a newer roof then you're gonna have to prove that.
It's newer for example if you have a roof that's typically within five years new then the insurance company is going to say show proof of that we want a receipt showing that that roof was replaced and if you don't have it or you can't provide it then you lose that discount there's a pretty large discount it's usually 100 or more dollars off of.
Your policy it's a percentage but they'll give you a percentage off for having a new roof it's a lower risk for them lower claims because the number one claim is water damage so having a good clean roof newer is going to help you on your insurance costs now the thing is a lot of companies don't really care or ask questions beyond that five year.
Period so if your roof is 10 12 14 even 18 and 20 years old they really don't care they're not gonna add a discount they're not gonna ask questions they just assume usually with within that 14 to 20 year span that you're gonna have a good shaped roof they're gonna ask you what's the overall condition of your house the way I ask it as I say yes.
What's the overall condition your hair best type thing and then I also ask is there any maintenance issues that an underwriter or an inspector would have an issue with that leads me into down that road to know okay not just the roof but is there anything that we can think of that would stop us from being able to buying this policy.
There's nothing worse if you're an agent than binding the policy three weeks or four weeks later an inspector goes out denies the whole thing and says this is horrible we can't do this or they send it to the underwriter and the underwriter turns around and says flat cancel or the price is going up to twice right now you've got to explain to the.
Customer this is different that's different this is why the price went up this is why you're getting cancelled things like that now they will usually work with you if that happens so that's that's another video as far as the roofs concerned the age of the roof makes a large large difference now will they cover it is the question so the part of.
That is is the pieces that they're gonna look at when you have a claim is the number one thing that they're gonna 100% of time cover if you read your paperwork it should say something along the lines of sudden and incidental occurrences that's a claim so if you have a tree fall on your roof or if you have something just impact the roof and.
Damage it that is typically covered I obviously can't say 100,000 percent that it is but I would bet $100 on every single person's policy that I ever talked to that this is true I've yet to not see that be true it's just part of the insurance policy unless they have some sort of exclusion against it I can't imagine that that would be the.
Case in anyone's insurance policy in the u.s. so if something impacts a roof damage it you've got that if water comes in and it's raining something's happening you've got that as well this is where some of these agents are being a little bit tricky sometimes sometimes the customers want this but what they do is when you look at your deductibles for.
Your house insurance you have two options you have an all perils deductible which is what it stands for all the perils that are left vandalism rain fire not flood all of that stuff is typically in all perils deductible and then you have what's called a wind and hail deductible so typically I just think that is roof and siding because.
There's not much else it can do but it would cover if a shed got blown over or something like that if there was wind or hail that damaged the roof or ripped some shingles off then that typically is going to be a covered incidence now here's the part that a lot of people don't get there's actually two piece.
As I want to go over the first being is that deductible is separate so look very carefully whenever you're comparing quotes and I've lost clients to this and they didn't realize this and I've had clients come back because of this is when the agent sells you a policy you typically most commonly have a thousand dollar deductible for all perils that's.
Just across the board the most common I would say eighty percent of the time that's what it is maybe even ninety and then you have the wind inhale if it's zero or there's nothing there more commonly that just means it's the same as your all perils so if they didn't edit that line which almost every.
Policy I've written it's just gonna show all perils deductible and then nothing because I didn't change the actual wind and hail deductible so it defaults to that all perils deductible and so by doing that it gives them a thousand dollar deductible on the other hand you could lower the cost because roofs and siding are huge in insurance those are.
Claims that happen and it's hard to go against them and fight them so a lot of times they almost have to cover those so if you raise that deductible that's lowering the risk or the amount that insurance has to come out with and they're gonna be happy about that so you could do what to 1% deductible a two percent deductible a five ten thousand.
Dollar deductible you have those choices so for example if your house is a three hundred thousand dollar house that's your replacement costs not the value then you have two percent deductible we'll say for wind and hail that's six thousand dollars that you would out pocket if you had a claim so it's two percent of dwelling a which is your.
House the replacement cost of your house if you did one percent then it's lower if you do five thousand it's five thousand ten thousand ten thousand I have some clients that wanted ten thousand they just have enough funds to cover their own situations so they're almost self-insuring themselves but being legal within the the loan that.
They've gotten that requires them to have insurance so they want lower coverages just enough to cover the house if something happened they don't mind having a ten thousand dollar deductible kind of the nice life right where we all hope to be one day but that's really a choice that they have now that brings their price down a lot because they're.
Not carrying that risk portion that is where agents typically some agents are used those deductibles cuz they don't explain them well enough hopefully they are if you're looking at it and you see it and you don't remember talking to them about it you might want to have a conversation are you really looking out for my best.
Interest because that will artificially well not even artificially that will bring the price down but if you didn't want that deductible that six thousand eight thousand ten thousand dollar deductible then you need to talk to your agent about that covering that yes they will cover the rooms in those situations keep in mind of those little tricks that.
The companies do they've got those wind and hail deductibles now when you won't get it covered or you're gonna have a debate with your insurance is when that roof age is older than 14 and 20 years old so somewhere in that range once it gets to be like 14 years old 18 20 25 years old even if it's a 50 year roof they're gonna have an inspector.
Definitely look at it what they're looking for is your shingles if you have a shingled roof which is the most common they're gonna look for are they frame are they lifting because if they're lifting or frame that fell off or that wind blew off that shingle or something happened because of that roof because it wasn't maintained or you didn't realize.
That that roof wasn't in good shape anymore it just ages right the wind the hail the the weather the whatever it is banging against the roof all that stuff that's going to deteriorate and lower the long the longevity of your roof and if that is noticeable so you have multiple shingles lifting then they're gonna deny they're not going to cover.
That type of roof that's more that falls in that guidelines of maintenance the insurance companies and the underwriters they care almost as much about this Kanaan coverage than anything else which is pride of ownership and that pride of ownership is basically taking care of any problems fixing a leak instantly stop it get into the shutoff valve and.
Shutting it off not letting the clean build up things like that mowing the lawn like they just it's a clean house that pride of ownership is very very helpful that's actually one of the questions a lot of companies ask is does the house show ongoing maintenance which is that that definition of pride of ownership right.
If it doesn't a lot of companies won't ensure you the risk is too high because there's unknown problems all of that how so to get back to the final question yes in that situation knowing that one now the maybe portion is there's actual coverages with some companies that do partial roofs and what I mean by that is if you have damaged let's say you have a.
Long like just a rectangular house right and you have the typical gable roof now that gable roof let's just say this side is damaged from the Sun and deteriorated from the Sun where this one shaded there's no debris hitting it typically when it rains it doesn't get as much rain for some reason I don't know but that side of the roof is worse so what.
They're gonna do is they're gonna only replace that side of the roof and the claim that's very very common for an insurance to do there's no reason they're gonna replace a partial roof here's the problem they can't always get the exact same material if that roof was built 15 years ago and it's no longer making those style or that color of a.
Roof or you're getting new shingles kind of like when you put paint up on a wall and then a year later you put paint the same paint up and it looks different it's because it's not faded it hasn't been in the Sun all of that so same thing for your roof most commonly they're gonna replace just that portion or even that little square 10 shingles.
That got damaged they're gonna fix that up button it up and you'll that's why you see those little dark spots on people's roofs is because they replace individual shingles based on that situation if you are worried about something like that most companies offer something called matching roof what that means is if they cannot match that roof.
It's all replaced the whole thing comes off whole new roof goes on eight thousand ten thousand dollars or whatever that cost is is based on the insurance and you just pay your deductibles are the reasons to know if it's insured and if you should file a claim those are the pieces that you should know about your deductible and.
Then also that's the part that you should know about what type of roof coverage you actually have there was one last thing I wanted to mention which is if you are curious about the age of your roof in the condition of your roof or if you think you may have a claim but it's only one specific spot the highly recommend that you if you think that.
It's a partial replacement or you're not quite sure just go to google type in free roof inspection or go to servpro or multi serve those are kind of like the national brands that come out you should be able to find one that's completely free they usually don't charge anything to come inspect the roof if they are charging that I.
Don't recommend necessarily doing that if you're unsure there's no point in paying for something that you're not even sure you need at this point once you find that honest company that's willing to give you that advice you just really got to find it so if you're not comfortable with the first estimate get a second one it doesn't hurt especially.
When it's free I hope this was helpful covering all the stuff about the roofs and what it should be and whether it's covered or not and all that stuff definitely if you guys have questions put them in the comments below I respond to every single question at the moment I am getting a lot of subscribers lately so I've almost got about 200 this month.
Which to some people isn't a lot but to me it's amazing all right guys I will see you in the next one