Can I pay my roof insurance deductible in payments?
How the deductible works on a roof claim
The insurer subtracts your deductible from what it pays. The contractor's price is still the full approved amount, so the deductible is the part you owe the contractor directly. Nothing requires you to pay it in one lump sum, as long as it is paid.
Ways to spread it out
- Contractor financing. Many roofers offer financing through a lender, with monthly payments. Read the rate, fees and term.
- A written payment plan. Some contractors agree to a short schedule in writing.
- Credit card or personal loan. Compare the total cost, not just the monthly payment.
- Home equity line. Often a lower rate, but your house secures it.
What crosses the line
A contractor who says they will cover your deductible, inflates the estimate to hide it, offers a rebate or an advertising fee, or bills the insurer for work not done is breaking Georgia law, and a homeowner who goes along with it puts the claim at risk. See can a roofer pay your deductible in Georgia.
Plan ahead for a percentage deductible
If your policy has a percentage wind and hail deductible, the amount can run several thousand dollars, so ask about financing before the job starts. Robust Roofing lists its financing options for exactly this situation.