How much is the deductible for a new roof in Augusta?
The answer to this question depends entirely on your insurance company and the type of policy that you have in place for roofing damages or roof replacement. Just so everyone is clear, a deductible is a specific amount of money that you (being the homeowner) will pay towards any kind of insurance claim such as car accident, medical emergency or roof replacement. For most insurance companies, Once you have paid the full deductible amount they will cover the remainder costs. To give you an example let's say that the roof replacement in Augusta costs $12,000 and your deductible is $2,000. With this deductible it means that you would pay the $2,000 and then the insurance company would cover the remaining $10,000. Each company and policy will have a different deductible so it is always a good idea to check with your provider to learn more about the policy.
Inside your insurance plan there can be different kinds of deductibles, for instance a medical deductible will usually have different costs than a home damage claim. Often when talking about home damages an agent will use the term “peril” which is a category most roofing damages will fit into, the other category they may mention is “act of god”. A large percentage of insurance companies include peril coverage in your plan and offer different amounts of “extended coverage” that include things such as extreme wind and excessive hail damage. With a damage specific deductible there is usually a single cash amount which goes toward all the covered damages such as a roof replacement.
It is important to remember that you can’t use a deductible or damage claim to purchase top of the line materials if your roof was an average quality shingle. If you wanted to have premium 30 year asphalt shingles in a grey color then the insurance will not cover the entire cost of the new premium materials. Most of the time they will cover the cost of a standard shingle and you would pay the difference for the premium shingles. Many homeowners do this since they save so much money on the roof replacement overall. Information regarding your deductible should only remain with you and your insurance company. Roofing contractors in Augusta, GA should never offer discounts to try and offset deductible costs with your company.
In many circumstances you may be able to write off (taxes) some of the costs which were required to replace the roof. Some of these out of pocket expenses would be things that the insurance company will not cover (broken gutter, broken brick on the chimney etc). Be sure to talk with your accountant or tax advisor to see if this would be a possibility. Like mentioned above it may be an option but it may not. Be sure to give us a call today for all of your roofing needs. We are a local roofing company near Augusta, GA and have helped many people with their roof replacement.
Inside your insurance plan there can be different kinds of deductibles, for instance a medical deductible will usually have different costs than a home damage claim. Often when talking about home damages an agent will use the term “peril” which is a category most roofing damages will fit into, the other category they may mention is “act of god”. A large percentage of insurance companies include peril coverage in your plan and offer different amounts of “extended coverage” that include things such as extreme wind and excessive hail damage. With a damage specific deductible there is usually a single cash amount which goes toward all the covered damages such as a roof replacement.
It is important to remember that you can’t use a deductible or damage claim to purchase top of the line materials if your roof was an average quality shingle. If you wanted to have premium 30 year asphalt shingles in a grey color then the insurance will not cover the entire cost of the new premium materials. Most of the time they will cover the cost of a standard shingle and you would pay the difference for the premium shingles. Many homeowners do this since they save so much money on the roof replacement overall. Information regarding your deductible should only remain with you and your insurance company. Roofing contractors in Augusta, GA should never offer discounts to try and offset deductible costs with your company.
In many circumstances you may be able to write off (taxes) some of the costs which were required to replace the roof. Some of these out of pocket expenses would be things that the insurance company will not cover (broken gutter, broken brick on the chimney etc). Be sure to talk with your accountant or tax advisor to see if this would be a possibility. Like mentioned above it may be an option but it may not. Be sure to give us a call today for all of your roofing needs. We are a local roofing company near Augusta, GA and have helped many people with their roof replacement.