Roof supplements are not for every homeowner, but here's why you might need one

Homeowner’s insurance is not required unless you have a mortgage. Banks need homeowners to have adequate insurance coverage as a condition of their mortgage to protect their (the bank’s) investment. As a mortgage-free homeowner, maintaining a current insurance policy is a way to protect yourself from financial loss. Also, a homeowner’s insurance policy can help cover costs in various scenarios involving your property.

This post discusses insurance supplements and why you may want one for your roof repairs.

Homeowners Insurance

A typical homeowners policy covers destruction and damage to the interior or exterior of your home, loss or theft of possessions, and personal liability in the event of harm to others on your property. A homeowners insurance policy generally covers wind and hail damage to the roof, various other weather-related reasons, and fire damage. However, coverage stipulations are unique to each policy, and it is crucial to review your policy carefully.

Insurance Claim Supplements

Homeowners’ policies often allow homeowners and contractors to file a supplement on an as-needed basis. A supplement is a charge that must be added to a claim because the total cost of the repair exceeds the amount paid out by the insurance policy for covered damages. The process of filing a supplement involves the homeowner and the contractor filing documents and pictures supporting the need for the charges.

Roof Supplement

A roofing supplement is necessary when the insurance adjuster underestimates the materials, labor, or trades needed to complete the repairs correctly. In this case, the roofing contractor and homeowner must provide documentation showing why the additional costs are required.

Why You May Need A Roof Supplement

As a homeowner, it is vital to stay involved in the insurance claim process for roof repairs. Understanding your policy, reviewing the adjuster’s estimates, and working with your roofing contractor can help you avoid unnecessary financial stress throughout the repair process.

You may need a roof supplement if your roofing contractor’s estimate exceeds the claim amount estimated by the insurance adjuster. An experienced contractor will know how to provide proper documentation to your insurance company and be able to help you file a roof supplement to cover the total cost of repairs.

Roof Evolution

Roof Evolution has over 25 years of experience in the residential roofing repair industry here in Denver, Colorado. Our roofing experts help you from start to finish when your roof needs repair or replacement. With so many years of residential roofing experience under our belts, we are well-versed in the insurance claim process, including when and how to file roofing supplements. If you need an inspection, repairs, or more information about roofing services from a Colorado roofing company, please contact us today!