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If my Insurance Company is paying to replace my roof do I have to pay the deductible?

Posted by on Mar 1, 2013 in Expert Advice | 0 comments

Yes – No – Maybe! Let me explain. Once your insurance company has decided to replace your roof the next question may be how much “out of pocket” expense will it cost me? Insurance deductibles can range from $500.00 to 4% of the policy coverage amount ($10,000.00 or higher). The replacement cost less the deductible is what your insurance company will pay, while the deductible amount is the responsibility of the homeowner. As with any purchase, especially those involving large sums of money, purchase prices can include discounts, rebates or special offers. How much out...

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