Re-roofing without an insurance deductible can be a confusing process; here are a few of the most common questions we get:
Although insurance contracts typically come with a large amount of fine print, the overall message is fairly simple: you pay an annual premium that protects you against a loss. However, your insurance can’t cover every little loss, so a deductible amount must be reached before the insurance will take over.
For example, if you have a $1,000 deductible and your loss is less than that, your insurance company doesn’t owe you anything, as you cover the first $1,000 of your loss. However, the insurance company would pay for a larger loss after you pay the initial $1,000 deductible. If you have a $20,000 loss, your insurance company will pay $19,000 of it after your deductible. No matter the size of your loss, your payment amount is always the same—your deductible amount.
Does Shopping for a Better Roof Price Save a Deductible?
No. You might think you can save a deductible if your roofing contractor can do a project for $20,000 and your adjuster calculated the cost would come in around $17,000. However, your deductible always comes first, so there isn’t really a financial reward for finding a lower price. A deductible can only be totally avoided by submitting a false invoice that reflects a higher amount than what you really paid for the project. Insurance companies audit claims internally, and if a shady contractor creates a false invoice for you, you could end up with lots of problems and in lots of trouble.
We want everyone to be within reach of a new roof, so we offer financing options to help if your insurance won’t cover roofing projects or if the deductible is holding you back. We also accept all major credit cards without additional fees. Give us a call today to find out your best options!
With over 20 years of insurance adjustment experience in the state of Colorado, our Project Managers know a thing or two about accurately and truthfully detailing a proper damage report for roofs. We’ll make sure to notify the homeowner and let them know if their roof is claim worthy or in great condition. And since referring your customer to us means we act as an extension to your name, we’ll make sure to live up to your standard of care.
