You’re winding down for the evening when you first hear it. The drip, drip, drip of a roof leak in some hidden corner. The sound chills you to your bone, as much due to the potential cost of fixing your roof as the incoming elements.
There are all manner of causes for roof leaks. Wind, ice, and hail are common culprits, which are some of the most common causes of external damage to homes.
Instances of home water damage are actually on the rise.
Don’t worry, if you have homeowner insurance, that cost could be covered. Here’s how to know if your homeowner insurance will cover any roof leaks!
Does Homeowner Insurance Cover Roof Leaks?
There are a few special considerations when figuring out if your homeowner’s insurance will cover the cost of a roof repair.
What Types Of Water Damage Are Covered?
As a general rule of thumb, homeowner insurance doesn’t cover damages occurred over a span of time. Many instances of roof damage fall under this category, as roof leaks don’t just become problematic overnight.
Sadly, there is no easy answer for when this happens. It’s a case-by-case scenario that depends upon each individual insurance policy and provider.
Generally, your claim will be honored if it’s due to a sudden event. This could be something like a branch falling on your roof or a hailstorm. Often, insurance companies will still honor the claim even if the damage takes a while to incur.
If additional damages occur due to the damage, the cost of further repairs could also be covered by the insurance providers. As long as the initial claim has already been approved, that is.
Common Causes of Roof Leaks NOT Covered by Homeowner’s Insurance
While every insurance policy is different, here are five common types of roof damage that usually aren’t covered by homeowner insurance.
5 Common Types Of Roof Damage Not Covered By Homeowner Insurance:
- Mold, fungus, and rot
- Wear and tear
- Settling or shrinking
- Birds, Vermin, Insects, and Pests
From the perspective of the insurance company, the insurance policy isn’t meant to be a maintenance plan. It’s intended to protect a home from sudden, unexpected incidents.
Understanding Roof Insurance
Many insurance policies cover the full cost of replacing the roof. If it costs $10,000 to replace the roof, the insurance provider will pay out $10,000, minus the deductible.
The roof is usually covered for its actual cash value, which is the full value minus the depreciation due to wear-and-tear. Increasingly, insurance companies are covering the cash value of a roof rather than the full cost of replacement.
You’ll need to check with your insurance provider to learn the specifics of your individual plan.
Roof leaks can go from a minor headache to a major problem, sometimes overnight. Even worse, this can be interpreted as gradual damage, which might not be covered in your homeowner insurance.
Remember to remain vigilant for signs of leaks. An ounce of prevention can save you months of headaches, and thousands of dollars.
Looking For A Roof Replacement In Dallas/Fort Worth?
We are a full-service roof repair and replacement company, treating the Dallas/Fort Worth area as a family with over 20 years’ experience.
Whether you’re investigating roof leaks or how to fix a damaged shingle, we are here to help you with every step of your roof repair.
Contact us today to set up a consultation.