Most homeowner insurance companies have or soon will implement reimbursement limitations on older roofs if damaged by wind or hail. Most companies are starting the actual cash value payments if a roof is over 15 years old.
Generally speaking, if your roof is less than 15 years old we will pay the full replacement cost less your deductible if wind or hail damage warrants the replacement. Actual cash value payments for roofs older than 15 years old result in depreciation deductions from your claim payment.
Hail damage to newer roofs rarely requires replacement of the roof, but does shorten its life span. You have the option of accepting an actual cash value settlement in this situation and waiting until the roof requires replacement before doing so.
Call us with questions regarding how your insurance company handles this.
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