Does homeowners insurance have a deductible for roof claims?
Which deductible applies to your roof
- Wind or hail damage: the wind and hail deductible, if your policy has one. It may be a flat amount or 1 to 2 percent of Coverage A.
- Fallen tree, fire, lightning: usually the all perils deductible, unless the tree fell in a windstorm and your policy ties that to the wind deductible.
Check your declarations page. A line such as "windstorm or hail: 2%" means a home insured for $300,000 carries a $6,000 roof deductible.
Once per storm
All damage from one storm, including roof, gutters, siding and interior water damage, is one claim with one deductible. Two storms are usually two deductibles, which is why pinning down the date of loss matters when storms come close together.
How it comes out of the payment
The insurer subtracts the deductible from the approved amount, usually from the first check. You then pay that amount to your contractor as your share of the job.
No shortcuts
Georgia law treats a contractor's promise to pay, waive or rebate your deductible as an unfair practice. See can a roofer pay your deductible. If the amount is a strain, ask about financing.
Is homeowners insurance itself tax deductible?
Premiums on the home you live in are not deductible. Rental properties and qualifying home offices follow different rules. For percentage math, read percentage wind and hail deductibles.