Your roof is one of the most critical parts of your home, especially here in Arizona, where intense sun, high winds, and monsoon storms put extra stress on roofing materials. But if your roof was damaged in a storm tomorrow, would you know what your homeowners insurance covers? Let’s break it down.

Does Home Insurance Cover Roof Damage?

The good news is that most standard homeowners insurance policies provide coverage for roof damage caused by sudden events like windstorms, hail, or falling debris. However, coverage can vary depending on the type of policy you have and the age of your roof. One of the biggest factors in determining how much your insurance will pay out is whether your policy provides Replacement Cost Value (RCV) or Actual Cash Value (ACV) coverage for your roof. Let’s take a look at the difference:

Replacement Cost vs. Actual Cash Value: What’s the Difference?

• Replacement Cost Value (RCV): This coverage pays for the full cost to replace your roof with a new one of similar kind and quality, minus your deductible. If your 15-year-old roof is damaged in a storm, your insurance will pay for a brand-new roof, rather than factoring in depreciation.
• Actual Cash Value (ACV): ACV policies factor in depreciation, meaning the older your roof is, the less your insurance will pay out. If that same 15-year-old roof were damaged, your insurance would only pay what the roof is worth today, which could be significantly less than the cost of a full replacement.

How to Know What Coverage You Have

It’s important to review your homeowners insurance policy to see whether your roof is covered under RCV or ACV. If you’re unsure, we’re happy to help at Stoller Insurance Agency – we can walk you through your policy and discuss your options.

Roof Maintenance and Insurance Claims

Insurance companies expect homeowners to maintain their roofs. If a claim is filed and the damage is found to be due to neglect (like failing to replace old, worn shingles), the claim may be denied. That’s why regular inspections and upkeep are key to protecting both your home and your wallet.

Is It Time to Review Your Policy?

If you’re not sure what type of roof coverage you have, now is the perfect time to review your policy. At Stoller Insurance Agency, we can help you understand your coverage and ensure you have the protection you need for Arizona’s unpredictable weather.

Give us a call today, and let’s make sure your roof – and your home – are properly covered!