FAQ's

Roofing frequently asked questions.

 Does a new roof add value to your home?

According to Remodeling Magazine's 2013 Cost vs. Value Report, a new roof increases home resale value by a national average of nearly $12,000. The survey also revealed that homeowners who have new roofing installed can expect to recover an average of 62.9% of the installation cost through increased home value.

 

How many years does a roof last?

Roofs: Slate, copper and tile roofs can last more than 50 years. Homeowners with wood shake roofs should expect them to last about 30 years, while fiber cement shingles last about 25 years and asphalt shingle/composition roofs last about 20 years, the NAHB found.

How long does a 30 year roof really last?

The truth is, a 30-year shingle will not really last 30 years. The expected service life of a 30-year product, if properly cared for, is approximately 25 years. If it's not cared for properly, that 30 year shingle will only last 12 to 15 years.

Let's start with some of the most common roof shingle styles.

  • 3-Tab Roof Shingles. ...

  • Architectural Roof Shingles. ...

  • Tile Roof Shingles. ...

  • Wood Roof Shingles. ...

  • Shake Roof Shingles. ...

  • Slate Roof Shingles. ...

  • Metal Roofing.

 

Do I have to pay a deductible for hail damage to my roof?

 

Hail, wind and storm damage are considered an insurance loss on your homeowner's policy. Most insurance companies will pay the entire cost, less your deductible, for replacing the roof if it is damaged. ... With Excellent Roofing you pay no out-of-pocket expense other than your insurance deductible.

 

Whats the difference between ACV and RCV.?

One popular trend is to offer “actual cash value,” or ACV, coverage on your roof instead of full “replacement cost value,” or RCV. What's the difference? With ACV, your insurer pays to repair or replace your roof, less your deductible and depreciation for the age and type of roof.

How much does a roof depreciate each year?

Calculating depreciation begins with two factors: the replacement cost of the roof, and the expected “lifetime” of the roof (for example, the average cost to replace a roof is $10,000, and asphalt roofs generally have a lifespan of 15 years).

 

Is it illegal to profit from an insurance claim?

It is illegal to dupe your insurance company so you can intentionally profit from an insurance claim. It is illegal to lie and claim that a deductible has been paid, when it has not. ... It is illegal for the roofer to kickback the deductible and thereby absorb or “pay” the deductible.

What does non recoverable depreciation mean?

Non-recoverable depreciation is the amount of depreciation that is deemed ineligible for reimbursement under your insurance policy. If you have a non-recoverable insurance policy, your insurance company will only pay the Actual Cash Value of the items for which you file claims.

How can I pay for my roof with no money?

  1. Consider Financing the Repair Costs. Finding the cash to pay for roof repair upfront can be impossible. ...

  2. Apply for a Grant. ...

  3. Use Your Network. ...

  4. Refinance. ...

  5. Start Saving Up. ...

  6. Conclusion.

Should you pay a contractor up front?

According to the BBB, “When you've selected the roofing company; discuss payment. You should never pay for a roofing job upfront. You can pay a deposit, but the full amount shouldn't be paid until the job is completed to your satisfaction.” ... OK, so paying the entire project upfront is out.

Does insurance pay for new roof?

Whether they will pay for damage caused by wind, rain or hail is determined by your policy and the age of your roof. ... A leaky roof may be covered, but insurance companies believe homeowners should prevent leaks and subsequent damage.

Does insurance pay for replacing old roof?

I have hail damage, and my roof is 20 years old. ... For example, if the cost to replace your roof is $10,000 and the type of insurance you have will only pay the prorated amount of the roof based on the life remaining on it (according to the insurance adjusters), you might get only $3,333 on a 30-year roof.

Can I go to jail if contractor gave me cash out the check?

As to getting cash back from him - assuming that the insurance claim was based on his price quote originally, generally that would be considered an illegal kickback and insurance fraud - which unless you have a prior criminal conviction record might get you a jail sentence, or maybe only probation and a requirement to repay it to the insurance company and a fine, but might leave you with a criminal record either way.

How long do you have to file an insurance claim after a storm?

The time you have to file an insurance claim varies by insurance company, but most insurance policies limit your time to file a claim, within 12-24 months of the storm. Contact your insurance agent, or a NSDC certified contractor to see how long you have to file a claim.

How do you know if your roof is damaged?

Follow these steps to check for storm damage to your roof: Inspect your attic for leaks or water damage. Also, if any water stains appear on your ceiling or walls, you likely need repairs or a roof replacement. Look for signs of storm damage from the ground.

Is roof repair covered by insurance?

Homeowners insurance may cover a roof leak if the leak is caused by a covered peril. ... In those cases, your homeowners policy may help pay to repair the roof leak (unless your policy has wind or hail exclusion). However, homeowners insurance generally does not cover damage resulting from wear and tear.

How do you stop a leaking roof?

  1. Go into the attic, if you have access, and clear insulation off the wet ceiling drywall. ...

  2. Follow the leak back to the point at which it enters the roof. ...

  3. Make a temporary patch with roofing tar and a piece of shingle or plywood.

Should a roofing contractor ask to see the insurance inspector's report?

If hes a reputable restoration contractor it is pretty important he see's the estimate he's working with for several reasons. One, he's going to have to invoice the insurance company for the recoverable depreciation when he's finished. Two, the insurance company may have missed something or intentionally left it off the estimate or something unforeseen in costs may come up during the build, which all would require supplemental invoicing to the insurance company for additional funds. Three, there's no reason to hide it from him, if he comes in lower than the estimate, it is considered insurance fraud to pocket those funds(you can't legally profit off an insurance loss/claim) so he will have to bill the insurance company appropriately... Your biggest concern should be finding a reputable contractor who is versed in dealing with insurance claims, has done quality work in your area with good references and more importantly has been around for awhile and can provide you with at least a 5-yr workmanship warranty. 

Why do insurance companies have different rules for your roof?

More than 40% of all homeowner’s insurance claims involve wind damage or hail damage to the exterior of a home.  The vast majority of those claims involve the roof.

That means insurance companies are motivated to limit their risk with specific coverage options for your roof. So they’ve created a completely separate name for the kind of damage that usually happens to your roof >>>Wind/Hail Coverage

Here’s how a Wind/Hail Claim can work:

 

PEOPLE INVOLVED IN A ROOF CLAIM

  1. You – Obviously

  2. Reputable Local Roofing Contractor – The people that fix your roof (read here about bad ones)

  3. Insurance Adjuster – The insurance company representative that makes decisions and cuts checks

 

STEPS IN A ROOF CLAIM

  1. Get an estimate from a reputable, local roofer

  2. If damage exists and it’s more than your deductible – File an insurance claim

  3. Meet with Insurance Adjuster

  4. Get the first check from insurance (if coverage applies)

  5. Have the contractor fix the roof

  6. Get the second check from insurance (if you have Replacement Cost Coverage)

  7. Pay roofer

 

TYPES OF WIND/HAIL COVERAGE

  1. None At All – Ugg!

  2. ACV Coverage – Pays less that the cost of replacement if your roof is older

  3. Replacement Cost Coverage – Pays the cost of replacing your roof minus your deductible

 

ROOKIE MISTAKE

Being Mean to the Insurance Adjuster – This person has a lot of power in the scenario.  Be Kind!

 

How much does it cost to replace a roof on a 2500 square foot house?

It costs from $1.20 to $4 a square foot to remove and replace the roof or $1,700 to $8,400 for a typical 1,700-2,100 square foot ranch-style home, with a gentle slope. The cost per square foot for a wood shingle roof is between $6.37 and $8.77.

Average Cost to Replace a Roof per House Size

House by Square Foot              Roof by Square             Foot Re-Roofing Cost*

1,800                                           1,897                               $6,700 - $9,500

1,900                                           2,003                              $7,000 - $10,000

2,000                                          2,108                               $7,400 - $10,500

2,500                                          2,635                               $9,000 - $13,000

How long does it take to tear off a roof?

How long will it take to re-roof my house? A: It really depends on the size and pitch of your home, however, average time frame is 3-4 days for a complete tear off and re-roof. For an overlay and new construction, it is about 1-2 days.

How many hits per sq. of a shingle would warrant replacement of the roof ?

Many insurance companies want 7 - 12 hits per square however, there is no definitive number.  Different carriers have different criteria.  You also need to take into consideration the overall condition of the roof.  Even if there is a roof with only one or two hail hits per square, but due to the age and/or condition the roof is not repairable, you still may end up replacing it.

 

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