Roofing systems, both commercial and residential, are susceptible to damages due to the absence of regular maintenance, natural calamities, and aging. It is cost intensive to repair a roof, which is the reason roof insurance is important. Without it, you may end up paying lots of money for repairs.
Many people choose to ignore the need for roof coverage. They assume any damage to the roof is covered by every home owners insurance policy, but that’s not true. Some property owners fall victim to many myths and misconceptions concerning roofing insurance. In this blog post, we’ll debunk five of the most common myths that property owners have about roofing insurance claims.
Myth 1 – Roof Insurance Companies Pay the Amount Claimed
Many property owners believe roofing insurance companies will settle for any amount claimed. This is untrue. Before the insurance company approves your claim to pay the roofing repair company, it designates an adjuster or roof inspector, to conduct an inspection of the damage.
Based on the damage report from the adjuster, the company will determine how much they will pay. If the roofing repair budget is more than the estimate, the roofing insurance company won’t pay the difference. To avoid paying extra money, find a reputable roofer that offers roof insurance claim assistance. They can help you negotiate your claim so that you get the proper amount of compensation.
Myth 2 – There’s No Deductible Fee on a Roof Insurance Claim
When you buy roof insurance, the insurance agent may tell you that you won’t need to pay a deductible when you file an insurance claim. This is not true. Truthfully, you must pay the applicable deductible. After paying the deductible fee, the insurance company pays their part to the roofing contractor.
Myth 3 – Insurance Companies Approve the Amount After the Restoration
One common myth regarding roof insurance claims is that property owners learn the amount of the claim after the restoration project is complete. In reality, you will not be in the dark when it comes to the amount of the roofing insurance claim. Your roofing company can assist you with this process and streamline the proceedings with your insurance adjuster in order to determine the 
amount of coverage.
Myth 4 – A Roofing Insurance Claim Means You Get a New Roof
The liability of your roofing insurance company is to ensure your roof is in the same condition as it was when you purchased your policy. If the roof can be repaired, without replacing it, the insurer will pay only for those repairs. The company will only pay for a roof replacement when there is no other option.
Myth 5 – Roof Insurance is Not Needed If a Roof is Covered by a Warranty
This idea is not true. Although a comprehensive warranty is necessary when you install a new roof, however, it may that warranty will not cover damage caused by natural disasters.
Therefore, if you are in a storm-prone area, buying a comprehensive insurance policy will cover the repair of a storm damaged roof. This coverage is indispensable in some locations.
Wrapping It Up
When you file a roof insurance claim you’ll have to deal with various complexities. Therefore, it’s advisable to leave this job to the experts. You don’t want to make mistakes that can cost you time in getting your roof repaired.
If you hire a reputable Chicago roofing company, you ensure that your work will be completed in the least amount of time, but it’s essential to save yourself from the many hassles involved in filing insurance claims.
