What is Roof payment schedule?
Definition. An endorsement that pays a declining percentage of the roof estimate based on the roof's age and material, instead of full replacement cost. An older roof may be paid at a fraction of the cost to replace it. See roof payment schedule endorsements.
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More claim terms
Reservation of rights · Recoverable depreciation · Replacement cost value (RCV) · Drip edge · Independent adjuster · C.L.U.E. report · Date of loss · Other structures (Coverage B)