What is the average roof replacement deductible?
Short answer. There is no official average, but flat deductibles of $1,000 to $2,500 are common, and many Georgia policies use a separate wind and hail deductible of 1 or 2 percent of the dwelling coverage. On a home insured for $350,000, a 2 percent deductible is $7,000.
Two kinds of deductible
- Flat (all perils) deductible: a dollar amount, such as $1,000, $2,500 or $5,000, applied to most claims.
- Wind and hail deductible: often a percentage of Coverage A, the dwelling limit. Since roof claims are usually wind or hail, this is the one that applies to most roof replacements.
Percentage math
- 1 percent of $250,000 dwelling coverage: $2,500.
- 2 percent of $250,000: $5,000.
- 2 percent of $400,000: $8,000.
The percentage is based on your dwelling limit, not on the size of the claim, so it rises as your coverage rises with home values.
How to find yours
Look at the declarations page of your policy. If you see a separate line for windstorm or hail, that deductible applies to storm roof claims. If you cannot find it, ask your agent before a storm, not after.
Your deductible is yours to pay
In Georgia a contractor cannot pay, waive or rebate your deductible, even disguised as a discount. If the deductible is a hardship, ask about a payment plan or financing rather than a scheme that can jeopardize the claim. Read percentage wind and hail deductibles and can a roofer pay your deductible in Georgia.