Roof Surface Payment Schedule

Whether they will pay for damage caused by win rain or hail is determined by your policy.

Roof surface payment schedule.

Roof in years class3or4 impact resistant synthetic plastic or architectural composition shingles allother composition orsolar shingles wood shinglesor shakes metal shinglesor panels concrete tile fiber cementtile orclaytile slate built uptar withor without gravel rubber membrane orotherflat roofsurface allother roofsurface types 0 100 100. 4 000 insurance payment 14 000 insurance payment. The terms of the policy apply except as changed by this endorsement. If the roof needs to be replaced due to hail or wind damage a replacement cost policy pays the amount it costs to replace the roof with a new one of the same quality less the wind hail deductible.

The older the roof the more deducted for depreciation. Roof surface payment schedule. Roof surface endorsement will be added to. The difference is depreciation.

If a storm destroys it and you have actual cash value roof coverage that depreciates the roof s value by 1 000 per year your out of pocket share of the cost for a new roof would be 11 000. For example a 200 000 home with a 1 wind hail deductible 2 000 and costs 10 000 to replace will pay 8 000 to replace the roof with. As you can see in the above example doe will receive 14 000 from his insurance company whereas smith will receive only 4 000. The base policy coverage contains a roof surface payment schedule that calculates a percentage that will apply to all roof surface components and installation in cluding the applicable overhead prof it labor taxes and fees associated with replacement of the roof surface s.

This means your hvac system won t have to work overtime to. After cleaning the surface under the shingle and the seal strip. Thanks to a long lasting upgrade and strong curb appeal your home will go up in value and that new roof will practically pay for itself. 1 the age of the roof and 2 the type of material used to cover the roof surface.

When the roof surface endorsement is added to a policy damage caused by wind or hail will be settled based on two key factors. Proper insulation helps keep heat from escaping through your roof. Our payment of loss guest medical protection. Monday sep 24 2018 1 months ago.