Why Roof Damage May End Up Costing You More - WSPA.com

Why Roof Damage May End Up Costing You More

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Insurance Companies Are Raising Rates On Roof Repairs Insurance Companies Are Raising Rates On Roof Repairs

A warning to all homeowners, keep an eye on your insurance policies.

Experts say changes are underway that could provide less coverage for roof repairs.

And that could cost you more in the long run.

You might say homeowner, Wander Tyner, doesn't have the best luck when it comes to roof damage.

"We've been struck by lightening, then we had hail damage, and now we have the tree on the house," Tyner said.

Earlier this month, a tree limb fell onto her roof, resulting in 21,000 dollars worth of damage. It's the third time in a decade she's had to file an insurance claim to get the roof repaired.  And it's precisely because of the shear amount of roof claims nationwide in recent years insurers are changing policies.

Jon Jensen with Correll Insurance Group warn consumers to not expect the same amount of coverage on their roof when the policy renews. The changes could come in the form of limits based on the age of the roof, or higher deductibles for wind and hail.

"If there is a claim that the consumer has on a roof," Jensen said. "It could drastically affect the difference in a payout that they had depending on what the company has done to their policy over what may have happened to a prior claim that they may have had a number of years ago."

By law insurance companies are required to inform you if they've made a change to your policy, but you may not notice it unless you compare it to a previous statement, so don't just file it away.

Tyner isn't exactly pleased to hear about the changes, but she is sympathetic.

"If I have to pay more, I'm going to have to float a new home at this rate." Tyner said. "With the hurricanes, tornados and storms, I wonder how they're staying alive."

Tyner admits it will take five years worth of premiums to play off this latest repair, assuming her home doesn't get hit again.

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