Your roof protects your home, belongings, and family. When your roof hits the 10-year mark, it’s essential to understand how insurance companies handle aging roofs and what steps you should take to ensure you’re prepared for potential repairs or replacements.

Understanding insurance policy changes

When your roof reaches ten years old, many insurance companies will change your policy from replacement cost value (RCV) to actual cash value (ACV). This shift means that your insurance company will only pay the depreciated value instead of covering the total cost of replacing your roof. Because roofs depreciate over time, if your roof is well over ten years old, you could have significantly less coverage than you would need to pay for a new roof.

Tip: Before filing a claim, talk to your insurance agent. Understanding your policy’s specifics, including what it covers and doesn’t cover, is vital for all homeowners. Knowing your deductible and how much your insurance will pay can save you from surprises.

Cash roof repair

In some cases, if your roof is old enough, repairing or replacing your roof could be a considerable out-of-pocket cost to you. A cash roof repair works differently than filing an insurance claim. When paying cash, you must be clear about your objectives before signing any contracts. Consider what factors are most important to you, such as quality, style, and safety.

Ask yourself these questions:

• What is my primary objective for this roof repair or replacement? Is it durability, style, or cost?
• How much will I invest in my roof, knowing it protects my home and loved ones?
• Is this an investment property or a primary residence?

Tip: If your primary concern is price, communicate this with your contractor upfront. Ensure they understand your priorities to provide options that best fit your needs and budget.

Choosing a contractor

Selecting a reliable contractor is vital, especially when you’re paying out of pocket. Here at Land Enterprises Roofing, we always provide an honest assessment of your roof’s condition. Our goal is to be a trusted source for our community.

Before you sign a contract, here are some key points to consider:

• Quality of work: Ask your contractor about their experience and the quality of materials they use. You want a roof that will last and protect your investment.
• Workers’ compensation: Ensure the contractor has a comprehensive compensation plan. This plan protects you from liability in case of accidents during the repair process.
• Reputation: Look for reviews and testimonials. A contractor with a strong reputation for honesty and quality workmanship will be properly licensed and insured by appropriate agencies.

Your roof, your decision

While you can’t change the age of your roof, you can decide how to repair or replace it. Being fully aware of your insurance policy coverage and limitations helps you make informed decisions. Additionally, taking advantage of our free consultations at Land Enterprises Roofing can provide you with the guidance and support you need.

If you’re considering repairing or replacing an aging roof, don’t hesitate to contact us for a free consultation. Let’s work together to find the best solution for your home and budget.