Thank Heavens for Hail!

patbz · ‎03-10-2010

One of my neighbors referred two roofing contractors to us and they went up on our roof to inspect. Long story made short: our area gets frequent hail storms and our roof is sufficiently damaged for USAA to cover it. Our home is twenty years old and a downsized 1700 feet. We knew a new roof would be needed within 2 years and were dreading it ( I thought it would be $10-12k but actually it'll be 20-25k!). We are now being told that our part will be not more than 2k, so thank heaven for hail and a great neighbor!

ninjawife · ‎11-15-2011

@patbz We were also due for a new roof when a tornado ripped through our area. Like your situation it did enough damage to our roof that our homeowners insurance covered part of the replacement of the entire roof not just the damaged portions. We live in Northern Delaware so it is not an area where tornados are common but it sure helped us out.

SilleeMee · ‎05-22-2016

My roof was 16yo and got hail damage last summer. I filed a claim but to my surprise my insurance would not cover it b/c they said the roof was old and needed to be replaced anyway regardless of whether it had hail damage to it or not. I ended up dishing out $11K for a new roof and gutters.

A roof depreciates in actual cash value 5% each year. So even when that is figured into the cost of replacing it, insurance doesn't pay much after that. Insurance is not a warranty. It pays for damaged goods but if the damaged goods are old then you won't get much in return and repairs will be on the homeowner's shoulders in many cases.

SandySparkles · ‎06-13-2010

WOW! Congratulations!! This post of gratitude made me smile!🥰 What a BLESSING it is to have such wonderful neighbors, and to be able to have such a SIGNIFICANT savings on your new roof!! They would definitely be on my Christmas list!😁 The unexpected blessings like this are the most impactful!❤

Enjoy your new roof!🤗

~~~All we need is LOVE💖

rockygems123 · ‎06-04-2012

@patbz wrote:
One of my neighbors referred two roofing contractors to us and they went up on our roof to inspect. Long story made short: our area gets frequent hail storms and our roof is sufficiently damaged for USAA to cover it. Our home is twenty years old and a downsized 1700 feet. We knew a new roof would be needed within 2 years and were dreading it ( I thought it would be $10-12k but actually it'll be 20-25k!). We are now being told that our part will be not more than 2k, so thank heaven for hail and a great neighbor!

@patbz

I have a friend 3 miles away and he prayed that as in your case our frequent hail storms were going to damage his roof. Didn't happen lol.

We had ours replaced around 2011 and were grateful as it's a 40 - 50 year roof and didn't have to pay as insurance covered it also.

rockygems123 · ‎06-04-2012

@SilleeMee wrote:
My roof was 16yo and got hail damage last summer. I filed a claim but to my surprise my insurance would not cover it b/c they said the roof was old and needed to be replaced anyway regardless of whether it had hail damage to it or not. I ended up dishing out $11K for a new roof and gutters.

A roof depreciates in actual cash value 5% each year. So even when that is figured into the cost of replacing it, insurance doesn't pay much after that. Insurance is not a warranty. It pays for damaged goods but if the damaged goods are old then you won't get much in return and repairs will be on the homeowner's shoulders in many cases.

@SilleeMee

Maybe it's specific to the insurance company? If you see my other post our roof was 11 years old when it was damaged in 2011 and after a hail storm was replaced with no cost to us.

SilleeMee · ‎05-22-2016

@rockygems123 wrote:
@SilleeMee wrote:
My roof was 16yo and got hail damage last summer. I filed a claim but to my surprise my insurance would not cover it b/c they said the roof was old and needed to be replaced anyway regardless of whether it had hail damage to it or not. I ended up dishing out $11K for a new roof and gutters.

A roof depreciates in actual cash value 5% each year. So even when that is figured into the cost of replacing it, insurance doesn't pay much after that. Insurance is not a warranty. It pays for damaged goods but if the damaged goods are old then you won't get much in return and repairs will be on the homeowner's shoulders in many cases.
@SilleeMee

Maybe it's specific to the insurance company? If you see my other post our roof was 11 years old when it was damaged in 2011 and after a hail storm was replaced with no cost to us.

@rockygems123

It's called 'recoverable depreciation' which is a separate section in a policy. If you have that type of coverage then insurance will replace a roof at not cost minus the deductible. I don't have that coverage b/c it's very expensive. Recoverable depreciation coverage is good to have if you have frequent damaging storms or, in some cases, under a mortgage agreement where it's required to have. I don't have a mortgage and my house is not frequently damaged by storms.

rockygems123 · ‎06-04-2012

@SilleeMee wrote:
@rockygems123 wrote:
@SilleeMee wrote:
My roof was 16yo and got hail damage last summer. I filed a claim but to my surprise my insurance would not cover it b/c they said the roof was old and needed to be replaced anyway regardless of whether it had hail damage to it or not. I ended up dishing out $11K for a new roof and gutters.

A roof depreciates in actual cash value 5% each year. So even when that is figured into the cost of replacing it, insurance doesn't pay much after that. Insurance is not a warranty. It pays for damaged goods but if the damaged goods are old then you won't get much in return and repairs will be on the homeowner's shoulders in many cases.
@SilleeMee

Maybe it's specific to the insurance company? If you see my other post our roof was 11 years old when it was damaged in 2011 and after a hail storm was replaced with no cost to us.

@rockygems123
It's called 'recoverable depreciation' which is a separate section in a policy. If you have that type of coverage then insurance will replace a roof at not cost minus the deductible. I don't have that coverage b/c it's very expensive. Recoverable depreciation coverage is good to have if you have frequent damaging storms or, in some cases, under a mortgage agreement where it's required to have. I don't have a mortgage and my house is not frequently damaged by storms.

@SilleeMee That's good to know. We have lots of storms here up against the foothills, so it's good we have the coverage.

patbz · ‎03-10-2010

Update on my hail damaged roof: USAA came out and inspected our roof yesterday and today they decided to cover the replacement completely after $1000 deductible. We are very happy campers ( because we strongly suspected a new roof was in our near term future). My neighbor across the street had State Farm agree to replace one side of his roof with a higher deductible; so yes a lot is dependent on your insurance company.