How to understand your roof coverage

Any number of incidents and perils could threaten your roof, potentially damaging or even completely destroying it. Make sure you’re prepared with a suitable home insurance policy by understanding the following terms:

• Actual cash value (ACV) coverage: If your policy features ACV coverage, payouts will factor in depreciation. If your roof had an expected lifespan of 10 years and a covered incident destroys it after only 5, your policy would only cover half of your losses.
• Replacement cost coverage: This element of your homeowner's insurance policy does not account for depreciation. If your roof is damaged by a covered peril, your claim could garner a payout capable of fully funding a new roof of similar quality.
• Named storms: Named storms, such as tropical storms and hurricanes, may be excluded from standard policies or include a separate deductible, meaning you might have to pay more out of pocket following such events.
• Wind and hail deductibles: Similar to separate named storm deductibles, these can impose separate out-of-pocket requirements for listed perils.
• Functional replacement coverage: This can provide a payout for repair or rebuild costs using materials similar in functionality but typically less expensive than damaged elements of your home.
• Matching endorsements: Enhancing your policy with these endorsements can ensure you’ll receive the financial assistance necessary to rebuild your roof in ways that exactly match its previous materials and specifications, including in appearance and quality.
• Wear and tear: Failing to maintain your roof could lead to rejected claims. If your losses are due to failing to address or remediate minor leaks or loose shingles, you may be left to manage repair costs on your own.

Home insurance can be a complex topic that often requires professional guidance. Contact us today to learn more about roof coverage.

This infographic is for informational purposes only. It should not be construed as legal, safety, or insurance advice. © 2025 Zywave, Inc. All rights reserved.