We had a couple of 60+ MPH wind storms over the Winter and I lost a few square feet of shingles off my garage.
It's the original roof from when I built the garage in '92 so it's 30 years old. Roofing contractor quoted me $9500 all in for 16 squares, with quality shingles and ice-and-water shield.
I filed a claim on a whim, assuming they'd laugh heartily, say "The roof is 30 years old, what the f**k were you thinking?" Either that or depreciate it to the point that it wouldn't even cover my deductible.
Imagine my surprise when my agent called today and said "We'll cut a check right now for $xxxx and when we see a signed contract for complete replacement, we'll cut you another check to cover the depreciation deduction."
So basically, I'm out my deductible for complete replacement of a 30 year old roof.
I suspect my premiums will reflect that, but it's better than taking out a loan or wiping out savings.
It's the original roof from when I built the garage in '92 so it's 30 years old. Roofing contractor quoted me $9500 all in for 16 squares, with quality shingles and ice-and-water shield.
I filed a claim on a whim, assuming they'd laugh heartily, say "The roof is 30 years old, what the f**k were you thinking?" Either that or depreciate it to the point that it wouldn't even cover my deductible.
Imagine my surprise when my agent called today and said "We'll cut a check right now for $xxxx and when we see a signed contract for complete replacement, we'll cut you another check to cover the depreciation deduction."
So basically, I'm out my deductible for complete replacement of a 30 year old roof.
I suspect my premiums will reflect that, but it's better than taking out a loan or wiping out savings.
,if it even looks like hail damage they whip out a check and you get a new roof no matter how old it was.
