A typical homeowner's comprehensive insurance policy covers your roof and the cost of replacing it if it is damaged. That's the good news, How Roof Coverage Works - Preventing Roof Problems A typical homeowner's comprehensive insurance policy covers your roof and the cost of replacing it if it is damaged. But it is usually only covered if the damage or destruction is the result of a sudden accident or act of nature. Problems resulting from general wear and tear or a roof that has exceeded its expected service life cannot be reimbursed because they are the general responsibility of the owner.
A damaged roof 10 years old will probably be covered for a complete replacement. A roof 20 years old or older may only result in the insurer reimbursing you for what an old roof was worth at the time of damage, after decades of wear and tear. If your policy is an RCV policy, your insurance company will pay the replacement value of your roof at the time of a covered loss. That is, the replacement value minus the excess.
Under the RCV valuation method there is no deduction for depreciation. If a leak occurs that is not associated with a risk due to structural failure, lack of maintenance or age of the roof, the insurance company will probably not cover the cost of repairing the damage or replacing the roof. Coverage is often reduced for roofs more than 20 years old, which can only be insured for their actual cash value, not their actual replacement cost. But as long as the damage is caused by extreme weather conditions, your home insurance should cover your roof and pay for its replacement.
Depending on the circumstances, there is a possibility that your homeowner's policy will not pay for the repair or replacement of your roof. Unfortunately, when the insurance adjuster comes to do an inspection, he finds that your roof was not installed using the correct techniques. That is why it is important to keep your roof in good condition: a defective roof can be expensive and will most likely not be covered by your home insurance. For this reason, some insurance companies have started to offer coverage for roofs at their actual value (ACV) rather than their replacement value (RCV).
For example, if a hailstorm or falling tree damages your roof, you may be eligible for repair or replacement cover. This means that they do not cover the cost of a fully replaced roof, but only reimburse what an old roof is worth after more than 20 years. Damage and destruction from such events means that the owner can opt for full or partial replacement of the roof. For example, if you have a slate shingle that you can no longer get, you may have to replace the entire roof to match the materials.
If your roof needs to be replaced due to unexpected acts of nature or inclement weather other than flooding, it is likely to be covered.