When you purchase a home, you’re required by the bank to have homeowner’s insurance to protect the investment the bank has made. Most people don’t think about what their insurance policies cover until something happens, such as a natural disaster or someone is injured on the property. Roofing repair companies Charleston residents rely on to keep their roofs in tip-top shape also notice that many homeowners don’t understand the differences between when to use their insurance versus their roof warranty when roof damage occurs.
Homeowner’s Insurance vs. Roof Warranty
Every homeowner’s insurance policy will have differences in coverage and limitations, so make sure to consult insurance agents to get specifics on coverage specific to your plan; however, most homeowner’s insurance plans will cover many different types of roof damage. There may be a deductible that needs to be met before the insurer will payout, but, generally, roof damage is covered under both the “dwelling” section and “other structures” portions of your policy.
Some of the significant damages covered will include fire, hail, ice dams damage, heavy winds, falling trees or debris, and other natural disaster-related damages. Leaks may be covered if one of the covered risks causes them.
Damages not covered on insurance include those caused by neglect, such as not keeping up with the roof maintenance schedule, and general wear and tear. Coverage also tends to become limited once your roof is more than 20 years old.
The roofing repair companies Charleston residents rely on also offer warranties with most of their roofs and labor. Warranties do not cover the same damages that insurance covers; although, some may be related, like a material failure during storms that the materials were supposed to hold up against. Warranties also cover manufacturers defects, and labor warranties from the roofing repair companies in Charleston will cover improper installation.