At Wright at Home Roofing & Exteriors, we’ll help protect your home and ease the process of navigating the complexities of roofing insurance by providing a free comprehensive inspection of your home’s exterior so that all storm damage is identified for proper repair or replacement. This includes checking siding, windows, and more!
This leads to the question—how do I navigate a roof damage insurance claim for my roof replacement? Here’s where to start:
- Review Your Insurance Policy
- Determine whether you have a Replacement Cost policy or an Actual Cash Value (ACV) policy.
- Review your policy annually to ensure you have the right coverage for your home and needs.
- Schedule a Professional Roof Inspection
- Contact a professional roofing company to inspect for damages that may warrant an insurance claim.
- A repair may be sufficient instead of a full replacement, depending on the damage.
- Document the Damage
- The roofing company will document any damage to support your claim.
- You should also take your own documentation, including:
- Photos or videos of the storm.
- Hailstones collected after the storm.
- Visible damage you can safely capture.
- File Your Insurance Claim
- If a claim is needed, contact your insurance company to file it.
- Work with a reputable roofing contractor, like Wright at Home Roofing & Exteriors, who can:
- Assist in communicating with your insurance adjuster during the inspection.
- Ensure the claim process goes smoothly.
Types of Roofing Insurance Coverage
When it comes to insuring your roof, there are two main types of coverage: Actual Cash Value (ACV) and Replacement Cost.
Actual Cash Value (ACV)
ACV policies take into account the depreciation of your roof over time. For example, if your roof cost $25,000 when it was installed, it might depreciate by $1,000 each year. After 15 years, an ACV policy would only pay out $10,000 for a replacement, minus your deductible.
Replacement Cost
Replacement Cost policies, on the other hand, cover the full cost of replacing your roof (assuming the damage is due to a covered event). While these policies typically have higher premiums, they can save you significant out-of-pocket expenses when it’s time for a replacement.
To find the most success with insurance paying for a roof replacement, start by reviewing your policy annually and choose a Replacement Cost policy over an Actual Cash Value policy, as it typically covers the full cost of replacement for covered events. As always, you’ll want to talk to your insurance company for guidance on the best policy for your needs.
Impact-Resistant Shingles: A Smart Investment for Minneapolis Homes
Given our region’s propensity for hail and severe storms, impact-resistant (IR) shingles are an excellent choice for Minneapolis homeowners. These shingles are engineered to withstand impacts from hailstones and debris, providing superior protection for your home.
Insurance Discounts for IR Shingles
Many insurance companies offer discounts for homes with Class 4 impact-resistant shingles. While the exact savings can vary, it could amount to hundreds of dollars per year off your premium. This discount, combined with the increased durability, can help offset the higher initial cost of IR shingles.
When Insurance Requires a New Roof
Sometimes, your insurance company may require you to replace your roof. This can happen for several reasons:
- Age: If your roof is 15-20 years old or older, insurers may see it as a liability and require replacement.
- Material: Certain roofing materials, like wood shake, are considered high-risk and may not be covered by some insurers.
- Storm-Prone Area: Living in a hail-prone area like Minneapolis, your insurer may require impact-resistant roofing materials for full coverage.
How To Claim Roof Damage On Insurance
If you need to file a roofing insurance claim, follow these steps:
- Schedule a professional inspection with Wright at Home Roofing & Exteriors.
- Document all damage thoroughly with photos and written descriptions.
- Contact your insurance provider promptly to start the claims process.
- Work with a reputable roofing contractor (like us!) who can communicate effectively with your insurance adjuster.
The Importance of Using Insurance Funds Properly
When you are compensated by your insurance company for roof repairs or replacement, you must use that money as it is intended for. Failing to do so can lead to several issues:
- You may leave money on the table, as insurers often withhold a portion of the payout until work is completed.
- Your roof (and possibly your entire home) may no longer be covered by insurance.
- You could potentially face accusations of insurance fraud.
Financing Your Roof Replacement
At Wright at Home Roofing & Exteriors, we understand that a new roof can be a significant expense. That’s why we offer financing options to help make your roof replacement more affordable. Don’t let financial concerns prevent you from protecting your home with a sturdy, reliable roof. We partner with a reputable financing company to help you find the payment option that works for you.
Replace Your Roof – The Wright Way
Remember, your roof is your home’s first line of defense against Minnesota’s harsh weather. By understanding your insurance coverage, investing in quality materials, and working with trusted professionals like Wright at Home Roofing & Exteriors, you can ensure your home stays protected for years to come.
Have questions about your roof insurance claim? We’re here to help—reach out for a free inspection and expert guidance.
* NOTE: Wright at Home Roofing & Exteriors and its authorized representatives are NOT acting as Public Insurance Adjusters and will not negotiate with insurance on the Customer’s behalf.
Frequently Asked Questions
How long do insurance claims take to process?
On average, the insurance claim process to get your roof replaced will take 2-4 weeks from the point you file the claim until the time you receive a decision about your roof. But it can take longer if you have a complicated case or need supplements.
Can I choose my own roofing contractor for insurance repairs?
In most instances, yes. Insurance companies often allow you to choose your preferred contractor, but it’s important to work with a reputable contractor like Wright at Home Roofing & Exteriors who has experience with insurance claims and is local to your area. If you’re unsure how to find a reputable contractor, check out this helpful information.
Is Wright at Home Roofing & Exteriors licensed and insured?
Yes. Our company is a licensed and insured Residential Building Contractor servicing the Minneapolis, Minnesota areas. Wright at Home Service Inc. is registered with the Minnesota Department of Labor and Industry: MN License #BC565445.
This blog is intended for informational purposes only and should not be construed as professional insurance advice. The information provided here is based on general knowledge and experience with roof replacement claims. For specific advice related to your insurance policy or claim, please consult with your insurance provider or a licensed insurance professional.
