How much is the deductible for a new roof in Raleigh?
The deductible for a new roof will depend on your insurance company and the type of policy that you have in place. A deductible is a specific amount of money that you will pay towards any kind of insurance claim whether that be in a car accident or roof replacement due to a large hail storm. In general once you have paid the required deductible your insurance agency will cover the remainder of the costs for the roof replacement. For the purpose of this article let's say that the roof replacement near Raleigh costs $12,000 and your deductible is $2,000, this means that you would pay the $2,000 and then the insurance company would cover the remaining $10,000. Your deductible will vary depending on your insurance provider but filing a damage claim will end up costing you a lot less than paying for an entire new roof out of pocket. It is important to understand a few things regarding deductibles before you begin filing a damage claim from your insurance provider.
Like mentioned above, there are different kinds of deductibles for a variety of circumstances. For instance a medical deductible almost always has a different cost than a damage specific deductible. Oftentimes when dealing with insurance companies and damage claims the term “peril” is commonly used. Many insurance companies include some form of peril coverage in your plan and offer different amounts of “extended coverage” that can cover things such as hail damage and a fire. Wind and hail damages are often the most common types of peril to occur to residential homes. With a damage specific deductible there is usually a single money amount which goes toward all the covered damages such as a roof replacement or severe roof repair in Raleigh. It is important to know exactly what your insurance provider offers regarding roof replacement, roof repair, hail damage and wind damage.
Be sure to understand that a deductible does not cover upgrades or extras compared to the previous roof you had. If your home previously had 1” impact resistant shingles which cost $8,000 for the entire roof then the insurance company won't cover the cost to install 3” impact resistant shingles which cost $10,000 for the whole roof. You would be required to pay the difference between what the insurance company covers and the price of the upgraded items. Information regarding your deductible should only remain with you and your insurance company. Residential roofers near Raleigh should never try to offer discounts in the effort to offset deductible costs.
Sometimes you can write off some of the deductible costs from your insurance provider on your taxes. To see if this is a possibility be sure to talk with your accountant or tax advisor, they will be able to help you in this endeavor and provide helpful information. Like mentioned above it may be an option but it may not. Don’t forget to call our Raleigh roofing contractors today to get a free quote on a roof replacement or roof repair job. Our roofers are among some of the best and have years of experience in the residential roofing industry.
Like mentioned above, there are different kinds of deductibles for a variety of circumstances. For instance a medical deductible almost always has a different cost than a damage specific deductible. Oftentimes when dealing with insurance companies and damage claims the term “peril” is commonly used. Many insurance companies include some form of peril coverage in your plan and offer different amounts of “extended coverage” that can cover things such as hail damage and a fire. Wind and hail damages are often the most common types of peril to occur to residential homes. With a damage specific deductible there is usually a single money amount which goes toward all the covered damages such as a roof replacement or severe roof repair in Raleigh. It is important to know exactly what your insurance provider offers regarding roof replacement, roof repair, hail damage and wind damage.
Be sure to understand that a deductible does not cover upgrades or extras compared to the previous roof you had. If your home previously had 1” impact resistant shingles which cost $8,000 for the entire roof then the insurance company won't cover the cost to install 3” impact resistant shingles which cost $10,000 for the whole roof. You would be required to pay the difference between what the insurance company covers and the price of the upgraded items. Information regarding your deductible should only remain with you and your insurance company. Residential roofers near Raleigh should never try to offer discounts in the effort to offset deductible costs.
Sometimes you can write off some of the deductible costs from your insurance provider on your taxes. To see if this is a possibility be sure to talk with your accountant or tax advisor, they will be able to help you in this endeavor and provide helpful information. Like mentioned above it may be an option but it may not. Don’t forget to call our Raleigh roofing contractors today to get a free quote on a roof replacement or roof repair job. Our roofers are among some of the best and have years of experience in the residential roofing industry.