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About Us Blog Roof Replacement Deductibles: Everything You Need To Know

Roof Replacement Deductibles: Everything You Need To Know

When filing insurance claims, you may encounter a range of terminology that will potentially confuse you. One of the terms you’ll likely hear from insurers and contractors is “roof replacement deductibles”, which generally refers to the amount of money you pay toward the cost of an insurance claim. Your insurance company will eventually pay for the rest once your deductible is reached. 

This, however, may still depend on what’s written in your policy. Punum Roofing of Houston, Inc., your trusted local roofing company, explains what you need to know about these deductibles.

Damage-Specific Deductibles

Insurance policies typically cover all perils or causes of property damaged. Your policy may also come with extended coverage, including damage from hail and wind. A single deductible amount covers all kinds of damage in this specific policy. For the best experience, be sure to know what your policy includes and how to apply deductibles to your roof replacement.

Contractor Discounts

Some contractors may offer to pay for clients’ deductibles or discounts to offset deductibles. For many experts, however, this isn’t the best practice to consider. In fact, it’s illegal in some states. It’s important to keep information about your deductible and insurance policy between you and your insurer alone. A reputable shingle roofer will also never pay for a homeowner’s deductible.

Other Points to Consider

Your deductible and expenses related to your roofing project may also be tax deductible. Keep in mind, however, that several conditions exist, most of which are time-sensitive. It’s a must to consult with your tax adviser during the claims process.

Punum Roofing of Houston, Inc. has served over 42,000 local customers since 1988. Our team of expert roofers ensure quality roofing in every project we do so you can rest easy knowing your home will be protected for years to come. We offer free roof estimates – simply call us at (713) 466-4447, or complete our contact form to get started. We look forward to working with you.