Storm Damaged Roof in Southlake
In case you have a storm damaged roof in Southlake, you would probably like to know how you can get the insurance companies to pay for a new roof. They regard roofs as one of the most important of of a house because they protect houses from the elements and, you have a damaged roof, you are likely to have problems which can lead to more insurance claims. With a view to restricting the number of claims which are filed because of a leaky roof, many insurers are becoming far more restrictive when it comes to coverage of the roof.
Some insurers are now refusing to renew existing homeowner insurance policies in the case of houses which have roofs more than 20 years old without undergoing an inspection. Those who fail the inspection will not receive renewed coverage without a roof replacement. Other insurers do not issue new policies for homes where the roof is more than 20 years of and they will only pay the actual cash value of the roof replacement for older roofs in the case of damage. This means that they do not pay for the complete replacement of the roof and only provide reimbursement for the value of an old roof after 20 years. If you have a roof that has lasted for 20 years, you have probably reached the membrane life expectancy. The chances are that at this point there are issues in the roofing system which cannot be observed such as moisture within the system which could lead to the potential deterioration of the deck so that it would be worth your money to go in for a roof replacement.
Expensive as the process is for roof replacement, you may have no choice because doing nothing could cost you your home insurance policy. Experts say that insurance companies are generally raising underwriting performance for older homes in general and also on specific homes where there is been no replacement of the roof, the plumbing or the electrical system. Roofs still continue to be the biggest issue. Generally speaking, in those areas where insurance demands exceeds the insurance companies appetite for risk, more rigourous underwriting criteria come into effect. Florida is an example but it is also being seen along all the coastal areas and in areas where damage from hailstorms is the most common.
Some companies are tightening inspection requirements and requiring homeowners to pay the cost of these inspections for renewals of insurance coverage but most insurance companies are simply refusing to issue new policies for homes where the roofs exceed the age of 20 years. This trend towards inspection is regarded as a good thing because it promotes better levels of maintenance and the reduction of avoidable loss. Insurance policies usually cover damage to the roof caused by fire and acts of God defined as hurricanes and tornadoes. Damage caused by wind and rain or hail will be determined by the policy and the age of the roof. A leaky roof may be covered but insurance companies believe that homeowners should prevent leaks and the resulting damage and it is up to them to take the necessary precautions for maintenance. If a leaky roof is not properly repaired, the insurer might refuse to cover the damage.
Some insurers are now refusing to renew existing homeowner insurance policies in the case of houses which have roofs more than 20 years old without undergoing an inspection. Those who fail the inspection will not receive renewed coverage without a roof replacement. Other insurers do not issue new policies for homes where the roof is more than 20 years of and they will only pay the actual cash value of the roof replacement for older roofs in the case of damage. This means that they do not pay for the complete replacement of the roof and only provide reimbursement for the value of an old roof after 20 years. If you have a roof that has lasted for 20 years, you have probably reached the membrane life expectancy. The chances are that at this point there are issues in the roofing system which cannot be observed such as moisture within the system which could lead to the potential deterioration of the deck so that it would be worth your money to go in for a roof replacement.
Expensive as the process is for roof replacement, you may have no choice because doing nothing could cost you your home insurance policy. Experts say that insurance companies are generally raising underwriting performance for older homes in general and also on specific homes where there is been no replacement of the roof, the plumbing or the electrical system. Roofs still continue to be the biggest issue. Generally speaking, in those areas where insurance demands exceeds the insurance companies appetite for risk, more rigourous underwriting criteria come into effect. Florida is an example but it is also being seen along all the coastal areas and in areas where damage from hailstorms is the most common.
Some companies are tightening inspection requirements and requiring homeowners to pay the cost of these inspections for renewals of insurance coverage but most insurance companies are simply refusing to issue new policies for homes where the roofs exceed the age of 20 years. This trend towards inspection is regarded as a good thing because it promotes better levels of maintenance and the reduction of avoidable loss. Insurance policies usually cover damage to the roof caused by fire and acts of God defined as hurricanes and tornadoes. Damage caused by wind and rain or hail will be determined by the policy and the age of the roof. A leaky roof may be covered but insurance companies believe that homeowners should prevent leaks and the resulting damage and it is up to them to take the necessary precautions for maintenance. If a leaky roof is not properly repaired, the insurer might refuse to cover the damage.