Roof Surfaces Extended Coverage Meaning

If they opt against the surcharge allstate will cover.

Roof surfaces extended coverage meaning.

If you live in an area where roof damage from windstorms and hail is prevalent or possible the decision you make about this coverage could mean the difference between paying out just your homeowners policy deductible or your deductible plus depreciation costs. But you may find that you can purchase additional coverage to help further protect those belongings. Customers can buy a roof surfaces extended coverage endorsement to extend coverage to replacement cost for all perils. Allstate recently announced a new product that will impact rates its customers pay for homeowners insurance if they want their roofs repaired the new house home coverage option will no longer cover the full cost of replacing damaged roofs if they re older than 10 years.

The endorsement states cosmetic damage cause by hail to a metal roof surface is not covered. Factors which differ by premium component age of roof and predominant roof surface material type are applied to a policy s variable premium when this endorsement is not purchased. One factor in pricing the policy is a roof score that includes many variables including roof type shape replacement cost roof age and square footage according to a product analysis. This difference could amount to thousands of dollars depending on the age of your roof.

The roof surface endorsement coverage a roof year was added to the declaration page if your general agent decides to continue on a risk but exclude the roof from the policy you are to collect the insured s signature on the roof surface exclusion and submit it to the general agent when the roof exclusion is a signature form. Allstate house home roof surcharge hikes customer costs. On page 39 of the official policy is the metal roof cosmetic coverage exclusion. Roof surfaces extended coverage included water back up not purchased building codes 10 000 building structure reimbursement not purchased extended limits dwelling in the course not purchased of construction electronic data recovery 5 000 1 000 windstorm and hail 2 000 tropical cyclone 1 000 all other perils.

Homeowners with newer roofs can pay extra to buy coverage providing full replacement value at the insurer s cost according to the documents. Another way is through an extended protection amendatory endorsement epae. If a storm destroys it and you have actual cash value roof coverage that depreciates the roof s value by 1 000 per year your out of pocket share of the cost for a new roof would be 11 000.