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May 31, 2023
How Much Does Insurance Pay for Hail Damage on Roof?
If you just searched for, “How much does insurance pay for hail damage on roof?” then you’ve come to the right place! In this article, we will be going over how to find out exactly what is covered on hail damage claims in your homeowner’s insurance policy, which states are most vulnerable to hail damage, and what other factors are involved that may affect the amount of money you receive for a hail damage claim.
Keep reading and we’ll answer your question, “How Much Does Insurance Pay for Hail Damage on Roof?” and we will also give you some expert advice on how to make sure you have the coverage that you need, and how to get the most for your roof hail damage claim if you are facing one…
So let’s get started!
Is Roof Hail Damage Covered by Insurance? Let’s Find Out!
The first question we need to answer before we can find out how much does insurance pay for hail damage on roof is “Is roof hail damage covered by insurance?”
And the answer to that question is most likely. You will need to check your policy to see exactly what is covered on your insurance policy because coverage tends to vary depending on a few factors. This one is just not a yes or no question… You see, roof hail damage is typically covered by most standard homeowner’s insurance policies.
Depending on where you live, your insurance policy may be written to handle hail damage claims differently than in other areas due to a higher possibility of hail damage claims. Your coverage will also vary some depending on your insurer, and just in general, how your policy is set up.
So, let’s get this out of the way easily…
Here are the states that are most vulnerable to hail damage claims:
States Most Vulnerable to Hail Damage
The states most vulnerable to hail damage tend to be in the central/Mideastern area of the US, commonly known as hail alley. The area spans from New Mexico, north through Colorado and Wyoming. What causes this is the high altitude of the Rocky Mountains and the cold air that is present near the foothills, mixed with a number of other factors like moisture, lift, and typography.
So conclusively, if you live in any of the states that we have listed below, it would be a good idea to read over the fine print in your homeowner’s insurance policy and write down any questions you have before signing, to see if you need to get any add-ons to the policy to get the coverage you need to protect your assets and your family.
States Most Vulnerable to Hail Damage
Here are the states most vulnerable to hail damage: (In order from the worst state for hail damage down…)
- Texas
- Colorado
- Nebraska
- Minnesota
- Illinois
- Kansas
- Missouri
- Iowa
- Indiana
- North Carolina
With over 1.3 million properties (including houses, cars, etc.) in Texas damaged reportedly suffering hail damages in 2017, you’ll notice that Texas is at the top of the list. Again, if you live in any of these states, reading the fine print on your homeowners insurance policy is not only recommended… It’s mandatory to make sure that you are fully covered!
Identifying Hail Damage
Hail damage is easy to spot if you know what you are looking for, but for homeowner’s who can’t get up on the roof to inspect, certain types of hail damage can be tricky, if not impossible to see from the ground impossible to see from the ground. When hail strikes your roofing membrane, it can cause bruises, missing granules, cracks, dents, or even punctures. After all, hailstones have been found to be anywhere from pea-sized to softball-sized pieces, and when they are shooting down from the updrafts in storm clouds at up to 120 mph, it’s no wonder why things take a beating down here.
If you believe that your home, siding, roof, etc., could have taken on hail damages from a recent storm, it’s always best to get a professional to inspect. Sellers Roofing Company – New Brighton, our advice is always free. We have experts trained that can assess your property for hail damage, and assess your damages for you to help you decide what to do about it if you have been hit.
Click the button below or call 651-703-2336 to speak with one of our friendly operators and make 100% sure that your property is still in its full protective capacity for FREE!
Tips for Getting the Most Out of Your Roof Hail Damage Insurance Claim
Since we are living in a state that is highly susceptible to hail and wind damage to your roof and other parts of your property, we felt it necessary to give you a list of pro tips for getting the most out of your roof hail damage insurance claims. This list is intended to be a step by step process for getting exactly what you need in terms of coverage, and walking you through the claims process to make sure you get paid for what got damaged!
Here you go:
Tips for Getting the Most Out of Your Claim Before Disaster Strikes
The following tips for getting the most out of your roof hail damage claim or split up into two different parts, the top section is tips they can help you get the most money out of your claim before a storm hits you, and the bottom section is tips that can help you get the most out of your claim after a storm has hit you.
If you’re a new homeowner and you can manage to pull all of these off beforehand and after the storm hits, you were sure to get the most money out of your insurance claim as possible…
We hope this helps!
Tip #1 – Make Your Home Disaster Resistant as Possible
The first step in being prepared for disaster-related insurance claims and getting the most money for your damages, is having a disaster-resistant home so that your money never gets hit. Picking the correct siding and roofing material to combat severe weather outburst in your area is the first step and should be the golden rule of navigating insurance claims.
Tip #2 – Select a Top Insurer
Rue21, selecting a top Ensure will ensure you the highest rate of success when trying to collect money off of your homeowner’s insurance claims. Some of the best homeowner’s insurance companies for roofing hail damage claims are:
- State Farm Insurance
- Travelers Insurance
- Allstate Insurance
- Lemonade Insurance Company
- Liberty Mutual Insurance
- Select Quote Insurance
- Young Alfred Insurance
Tip #3 – Be Alert and In Control
Read your insurance policy and ask questions before signing anything. Some insurance companies have been known to try to get out of paying you if that you can identify exactly where your coverage begins and ends and find a gap and your coverage. Knowing exactly what it says, and what is covered, and what is not covered ahead of time will help you tremendously during the claims process.
Tip #5 – Watch for Discounts!
Looking out for discounts while you’re in the market for your homeowner’s insurance policy could pay off in the long run! Look for senior citizens discounts if you’re over 55, and bundling discounts that could lower the cost of your monthly premiums and save you money!
Tip #6 – Raise Your Insurance Deductible
According to the Insurance Information Institute, raising your deductible will lower your monthly premiums. This will help out in the long run and put money back in your pocket that you can use for other things that are most important to you.
Tip #7 – Find a Good Contractor to Go With Now
Finding a reputable and insured contractor that has experience in navigating insurance claims will make the process a lot less of a headache whenever it comes time to file a claim. At Sellers, we make it a point to take the headaches out of the insurance claim process, navigating the entire process from start to finish for our clients and letting them go back to living a normal life when we get them the money they need for their repairs.
Tip #8 – Stay Aware of What You Are Working With
Go over your insurance policy and detail and assess your assets and what they’re worth at least once a year. Being sharp and right on point to point out any discrepancies in your policy when disaster strikes can’t do anything but pay you!
Tip #9 – Watch Your Credit
Keeping your credit in good standings is going to help lower your insurance premiums as well. More and more insurance companies are switching to credit-based pricing!
Tip #10 – Get to Know Your Insurance Agent
Getting to know your insurance agent will put you on the level with them when disaster strikes so you can have a friend to call on instead of a stranger. This will help everything flows smoothly, and give you someone that you can trust and rely on during a stressful time.
Tips for Getting the Most Out of Your Claim After Disaster Strikes
The following tips are to be used for getting the most out of your claim after disaster strikes. Follow these tips when navigating the claims process after your home has been hit by a sudden severe weather outbreak:
Tip #1 React Quickly to Storm Damage
If you think your home or business has taken on damages from a sudden severe weather outburst, react quickly and get the damages assessed by a professional. There’s no reason to be in doubt and allow any chance of damages that can worsen and end up costing you later on down the road. Again, call on us any time you suspect damage and our opinion is always free.
Tip #2 Call Your Insurance Agents
Report any damages to your insurance agent as soon as possible to get the claims process started.
Tip #3 – Write Down and Keep Records of Everything
Keep the assessment of damages from your contractor, write down your claim number, and keep and records of everything that you asked and everything that was said by every party to get involved.
Tip #4 Keep the Adjuster’s Name and Card
Asher insurance adjusters, business card and flash or write down their name, oh, so you can reflect on it later when you talk back to your insurance company.
Tip #5 Know the Facts – Take the Lead – Get the Answers
Know the facts are ahead of time, and know what’s covered and what is not in your insurance policy. When you talk to your insurance adjuster, don’t wait for them to tell you how much you’re getting for your claim. Take charge and tell them what you need for your claim.
About Depreciation – Will the Age of My Roof Matter?
we wanted to discuss this topic because we know a lot of homeowners are wondering this when they file their roof damage insurance claims, in a word, the answer is yes.
The age of your roof on some insurance policies will be a determining factor in the amount you get when you file a claim. The reason for that is the fact that hail damage claims cost so much money for insurance companies, many insurers have begun to offer two different types of coverage: Actual Cash Value (ACV) and Replacement Cost Value (RCV)…
According to the Mutual Benefit Group, and we’ve seen it a few times ourselves, homeowner’s were getting caught off guard getting caught off guard by these two different types of coverage and not having enough money at the time that they need the repairs because of it. Below, we have to find both types of coverage, so you can understand exactly what they are and make the right decisions when you get your insurance coverage and you see one of them mentioned in your policy.
Actual Cash Value Definition
Actual cash value, (ACV) also known as “market value” represents the cost of repair for the roof, minus depreciation, and it’s the same way that they calculate what the roof is worth when they figure it into the market price if you sell your home.
Replacement Cost Value Definition
Replacement cost value, (RCV) simply means the cost of the materials on your roof to be replaced by materials of equal value and purpose.
How Much Does Insurance Pay for Hail Damage on Roof?
For the most part, if your roof isn’t over 20 years old and you don’t get hit for depreciation, your numbers will vary depending on the type of material you have the difficulty of the job, and numerous other factors so it’s really hard to put a finger on.
However, just to throw a figure out there… If you need only one side of your roof repaired, and the cost of repair was $3,000, your insurance company would cover the $3,000 minus your deductible. So, if your deductible was $1,000 your insurance company should cover the other $2,000.
Another example is, if you had the same deductible, andbyou needed a full roof replacement due to severe hail damage from a hail storm, and the cost of your roof replacement was $8,000, your insurance company should cover the other $7,000. (If your roof was under 20 years old and you didn’t get hit for depreciation.)
How Much Does Insurance Pay for Hail Damage on Roof? – Final Thoughts.
Conclusively, the amount of money that you on your insurance claim for damage to your roof will depend on A number of factors, including the age of your roof, what to write in your policy, who your insurer is, and what you knew ahead of time and during a process that you were able to work with to get the most money for your claim.
We hope this information helps you out! If what we’ve written here is confusing anyway, or you have any questions, click the button below or call us anytime during regular business hours, Monday through Friday from 7AM–6PM, and on Saturdays from 8AM–12PM and we will be glad to set up a time to come out and speak with you about your project!
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