If your homeowner's insurance requires you to replace your roof, you may be unsure how to proceed and cover the associated costs. Roof replacements are often necessary after storm damage or due to an aging roof, and your insurance company may mandate a replacement to continue providing coverage, sometimes by flying a drone over your home. This guide will walk you through common questions, what to expect, and how to finance the roof replacement with the help of Archer Exteriors.
Common Questions About Insurance and Roof Replacements
Can my insurance company make me replace my roof?
Yes, your insurance company can require you to replace your roof if they determine that it no longer adequately protects your home. This decision typically follows events like storms, hail, or other weather-related damage, but can also be due to your roof’s age or condition.
Why would homeowners insurance require roof replacement?
An insurance company may request a roof replacement if the current roof is too damaged or worn to effectively protect your home. Often, this requirement comes after an inspection or the use of drone images to evaluate the roof’s structural integrity. In such cases, your homeowners insurance policy may cover some or all of the replacement costs, but it’s important to understand your options for handling any out-of-pocket expenses.
What to Do If Your Insurance Company Requires a Roof Replacement
If your insurance company requests that you replace your roof, here’s how to handle the process:
1. Review Your Insurance Policy
Start by reviewing your homeowners insurance policy to determine what is covered and what your deductible will be. While insurance usually covers damage caused by storms or unforeseen events, general wear and tear might not be covered, which could leave you responsible for more of the cost.
2. Understand Your Payment Options
Depending on your insurance coverage, you may need to cover part of the roof replacement cost, such as the deductible or any non-covered upgrades. At Archer Exteriors, we offer a variety of financing options to help you manage the costs and ensure your home is protected.
Financing Options for Roof Replacements
If your insurance only covers part of the cost or if you’re looking for ways to finance your deductible, there are several payment options to consider:
1. Insurance Deductible
You’ll be responsible for paying your insurance deductible, which is the portion of the roof replacement cost that is not covered by your policy. The deductible amount varies by policy, so check with your insurance provider to confirm your financial responsibility.
2. Financing Through Archer Exteriors
At Archer Exteriors, we understand that roof replacements can be a significant expense, especially if insurance doesn’t cover everything. That’s why we offer special financing to make the process easier for homeowners.
0 interest and 0 payments for up to 12 months for qualified applicants, allowing you to spread the cost over time with no upfront burden.
Please note: This is a limited-time offer, so be sure to visit our financing page and specials page for the most up-to-date information on our available deals and offers.
3. Home Equity Loans or HELOC
If you have enough equity in your home, a home equity loan or home equity line of credit (HELOC) can be an affordable way to finance your roof replacement. These loans often offer lower interest rates and more flexible repayment options compared to other financing methods.
4. Personal Loans
A personal loan is another option if you need additional funds to cover the cost of the roof replacement. Personal loans offer fixed terms and interest rates, making them a good choice for covering out-of-pocket expenses that aren’t covered by insurance.
What Happens If You Want to Replace Your Roof?
If you’re interested in replacing your roof proactively or want to upgrade beyond what your insurance covers, Archer Exteriors can provide a free estimate for your roof replacement. We’ll work with you to ensure the project meets your needs, whether it’s driven by insurance requirements or your own decision to enhance your home’s protection and value.
Get Help from Archer Exteriors
Whether your insurance company is asking you to replace your roof or you’re exploring proactive roof replacement options, Archer Exteriors is here to help. We offer free estimates, expert installation, and a variety of financing options to fit your budget.
Remember to check our financing page and specials page for the latest deals and updates on financing options, as our special offer for 0 interest and 0 payments for up to 12 months is available for a limited time. Thank you for reading.