Using Homeowners Insurance for Roof Repairs

When using insurance to pay for roofing repairs, it makes sense to find a reputable company with a solid reputation and high work standards. A "bargain bid" generally won't save you any money. However, it could be costly in the long run if the repair needs to be redone due to subpar work.

Below is an example showing how homeowners will generally pay the same amount out-of-pocket regardless of the bid amount.

Why would you want a 7,000.00 roof when you can have a 10,000.00 roof? Don't jeapardize your investment in a new roof to save a few dollars.

Standard Bid ($10,000)

$10,000 (roof replacement estimate)

  $1,000 (insurance deductibile)
_______

  $9,000 (insurance payment)

 

Total out-of-pocket expense for homeowner: $1,000

Bargain Bid ($8,000)

$8,000 (roof replacement estimate)

$1,000 (insurance deductibile)
______

$7,000 (insurance payment)

 

Total out-of-pocket expense for homeowner: $1,000