What is the average insurance payout for hail damage to a roof?
Short answer. There is no single reliable average, because a hail payout is the replacement cost of the approved work minus your deductible and any depreciation your policy keeps. In North Georgia a typical full roof replacement runs roughly $8,000 to $16,000, so a full approval on a typical home usually starts in that range before the deductible comes out.
The payout formula
Replacement cost of the approved work, minus depreciation (held back or permanent, depending on the policy), minus the deductible. On replacement cost coverage, the held-back depreciation is added back after the work is done.
What moves the number
- Repair or full replacement. A few slopes or a handful of shingles might be a few hundred to a few thousand dollars; a full roof is the larger figure.
- Roof size and complexity. Small roofs often run $7,000 to $11,000 to replace, large ones $15,000 to $25,000, and steep or complex roofs $20,000 and up.
- Deductible. A flat dollar amount, or a percentage of dwelling coverage that can reach several thousand dollars. See percentage wind and hail deductibles.
- Settlement type. Actual cash value or a roof payment schedule can cut the payout sharply on an older roof. See ACV vs RCV.
- Line items. Drip edge, starter, ridge cap, flashing, vents, steep charges and code items add up, and missing ones are often recovered through a supplement.
- Other damage. Gutters, screens, siding and fences hit by the same storm.
Getting a realistic number for your home
A measurement of your own roof beats any average. Have a roofer measure it, count hail hits slope by slope, and price the replacement. Then check your declarations page for the deductible and settlement type, and the math becomes simple arithmetic.