Roofing Insurance | Roof Insurance | Insurance Deductible

 Roof Insurance Deductible Information for Texas – Frequently Asked Questions

Understanding your roof insurance deductible is crucial, and we're here to provide answers to some common questions.

What is a Roof Insurance Deductible? 

A roof insurance deductible is the upfront amount you must pay before your insurance carrier covers the loss. Most insurance policies include clauses outlining deductible details.

Our Approach at Elevated Roofing:

Community General Contractors mandates that the insured covers their deductible, and in return, we commit to installing the highest quality roof system available.

Integrity and Commitment:

At Community General Contractors, we stand unwavering in our commitment to serving clients with excellence. Our integrity is non-negotiable.

Understanding the Loss Statement:

The deductible represents the co-pay or responsibility of the insured. Insurance companies often refer to it as "less deductible applied" in their loss statements. This amount is the agreed-upon sum between the insured and the insurance company, which the homeowner pays to the contractor.

Shared Expense and Premium Considerations:

The replacement of damaged property involves a shared expense between the homeowner and the insurance company. The insured's annual premium is based on the agreed-upon out-of-pocket expense. Lower deductibles result in higher annual premiums, and vice versa. Therefore, a lower annual premium may necessitate a higher deductible for each occurrence.

Homeowner's Responsibility:

It is the homeowner's responsibility to pay the deductible. According to the Texas Department of Insurance, it is illegal for a contactor to waive or contribute to a homeowner's deductible. Despite this, some roofing companies may contribute using sign credits, discounts, or rebates. Such practices may be considered a form of soft insurance fraud.