In response to the surge in destructive storms witnessed throughout 2023, several insurance providers are implementing significant updates to their policies concerning roof replacement due to wind or hail damage. These changes may directly impact your coverage in one of two ways. Firstly, you might observe an adjustment in your roof replacement deductible, potentially escalating from $1000 to upwards of $5000 or more. Secondly, your insurance policy could incorporate a depreciation schedule, resulting in a reduction of the insurance payout. Stay informed about these critical adjustments to ensure your home remains adequately protected.
We recommend that you carefully review your home owners insurance policy every year. If you are not sure, you should contact your insurance representative to full understand what your policy covers.
Commenti