Roof Coverage Allstate

The base policy provides a percentage of replacement cost for roof surfaces damage caused by windstorm or hail.

Roof coverage allstate.

Allstate s arch rival bloomington based state farm insurance cos. The new house home coverage option will no longer cover the full cost of replacing damaged roofs if they re older than 10 years. Replacement value is provided for other perils. This means you will get a percentage of the replacement cost based on the roof s material and age.

A jury reached a 1 5 million verdict in favor of a texas couple who sued allstate for failing to disclose a cosmetic roof exclusion in their policy. Your policy will provide actual cash value protection in the event of covered windstorm and or hail damage to your roof surface. 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. Eventually allstate customers with roofs more than 10 years old won t have the full cost of new roofs covered under their home insurance policies.

Replacement coverage provides for returning the roof to a brand new condition when an event that is covered by the insurance policy takes place. Commonly covered perils include fire wind and hail damage so if your roof needs repairs after it is damaged by hail or by a tree that topples onto it during a windstorm you may find that your dwelling coverage helps cover the cost. Allstate has raised homeowners rates in most states in response. Fyi allstate launched this new policy in oklahoma in october of 2012 yes some of the tornado victims are going to be victimized twice with this type of policy.

Repair coverage usually takes into consideration depreciation of the roof. According to the oklahoma filing the base policy provides actual cash value coverage for roof damage due to wind and hail perils. With actual cash value protection there may be a deduction for depreciation in any claim payment and your out of pocket expenses for repairing or replacing your roof surface may be higher. Roofs are a particularly big ticket cost for property insurers.

Allstate s house home program will pay the actual cash value of a roof that needs to be replaced if it s older than 10 years. The dwelling coverage in a homeowners insurance policy typically helps protect your home s structure including the roof from certain perils or causes of damage.