Roof Leak and Homeowners Insurance – In your home, the one thing standing in between you and the harmful elements of nature can be your roof. The slightest damage to the roof of your home can bare the threat of letting those elements in. In turn threatening its structure and integrity. Spotting a roof leak starts with something as simple as noticing a spot in the ceiling that wasn't there. Damage can be present as curling/buckling shingles. It can also be as apparent as water dripping from your ceiling. However, spotting the problem is only the beginning. The real questions will begin when it comes to addressing homeowner’s insurance and whether or not this kind of damage can be covered.
Cost of RepairsThe cost of repairing your home is usually covered at full replacement cost. Meaning, if the damage to an area of the house costs $15,000 to fix, the insurer will pay $15,000 less the deductible. Coverage for roof damage is treated differently than other structures used to build a home. Roofs will typically be covered for actual cash value. This value will depreciate based on wear and tear, as well as aging. Therefore, the calculations to determine roof depreciation could differ between insurers. However, the practice of insuring roofs for their actual cash value is widespread. Some insurers will offer an add-on. This add-on can aid in providing better roof coverage for the unexpected.
What Causes a Roof Leak?When it comes to a leaky roof, there can be many different factors that have led to the problem. Those factors can vary significantly. Factors could be severe weather, worn out shingles, or even water flow obstruction. For example, debris could block the flow of water, which can cause pooling. This excess of water builds up and can then begin to seep into the home. Homeowner’s insurance policies cover most roof leaks. Whether or not insurance companies will reimburse you for repairing a roof leak will depend on the original cause. Severe weather perils fall within the “open peril” list, which most homeowner’s policies list as covered, unless expressly excluded. The following fall under this category:
- Excess weight due to snow, ice, or sleet
- Sudden and accidental discharge of water or steam