Is your roof covered?

Your Roof Gives You Peace of Mind

 We saw some crazy rain in North Texas the last few days. Rain- great for flowers, not so great for roofs. Our roof protects us - from rain, snow, birds, bugs... We need that roof intact!
Many homeowners see leaks when it rains. It begins as that discoloration on your ceiling. Then it spreads and may begin to drip. That is when it is bad. That is when, more often than not, you discover you have roofing problems. Will your Home owner's insurance cover it?
   Your policy will cover replacing your roof if the damage was caused by vandalism or fire. But "acts of God" like Hurricanes and Tornadoes? Yes, usually. Now if the damage is caused by wind, rain or hail, it will most likely still be covered, but there is a special "wind/hail" deductible that applies.This deductible can vary in dollar amount or percentage of dwelling. The most common is a 1% deductible, but many companies start at 2%. Remember- the higher the deductible, the lower your premium, but the higher your out of pocket cost in the event of a claim.
   Some policies will only cover the Actual Cash Value of your roof. That means they will pay what your roof is actually worth. This includes Depreciation. The older your roof, the more depreciation of course. Many policies have an option to cover your home at Replacement Cost. This doesn't take Depreciation into account. This is the type of coverage I would strongly suggest you make sure you have. ACV will not cover the cost of replacing your 10 year old roof with a brand new roof. Replacement cost will cover the cost of replacing the roof at today's cost.
   Do you know what type of policy you have? Please contact your Insurance Agent (that is what we are here for!) and make sure you understand your coverage. Our roof offers protection. And our Insurance protects our roof. Know how well it will protect you.

Thanks for Reading!
Nancy Brockman

As always, if you have questions or concerns about your Home, Auto or Commercial insurance, please call toll free 877-987-8683 or click: http://www.wekeepuinsured.com/