File Claim Roof Deductible

Roofing contractors that cover a homeowner s deductible are lying to the insurance and mortgage companies.

File claim roof deductible. If you re claiming an energy tax credit for a new roof you may qualify if your roof meets certain energy requirements. Shingles and other roofing products can be blown off and hailstones are known to leave obvious indentations in the roof. Tips for filing a roof claim. Installing a new roof is considered a home improve and home improvement costs are not deductible.

Unfortunately you cannot deduct the cost of a new roof. In order to understand how and why this is illegal you first have to understand how paying your deductible factors into any claim you file. There are a variety of different occurrences that can cause damage to your roof. However home improvement costs can increase the basis of your property.

Just to make sure we re all on the same page of fine print a deductible is a specific amount of money that you the homeowner pay toward the cost of an insurance claim in this case replacing your roof. If your deductible is 1 000 and you file a roof claim totaling 6 500 in damages you pay the first 1 000 of the repair costs out of pocket before your insurance company sends you a check for the remaining 5 500. That said if you ve experienced extensive damage to your property s roofing system you might want to start with your public adjuster or a roofing. Photo of a roof replacement project by dolfindans flickr.

Once your deductible is met in most cases the insurance company pays the rest. Dollar amount deductibles work like this. File a claim with your homeowner s insurance within 30 days. The deducible is the amount you must pay for repairs before your insurance company covers the rest of the cost.

Failure to make a timely claim is reason for claim denial. Filing an insurance roof replacement claim for roof damage with insurance company representatives no matter how friendly and helpful they may be are on the side of the insurance company. For most homeowners the basis for your home is the price you paid for the home for or the cost to build your home. When there is a high volume of claims the earlier you file the paperwork the sooner you will get your claim processed.