The Biggest Problem with Siding and Roofing Requirements
In the many Ohio insurance claims we've seen over the years, roof and siding damages cause the greatest frustration for policyholders. Why? Since siding and / or roofing are damaged as a result of a covered claim, there is always a chance that the replacement cladding / roof does not match what is left. And for most people, their home is their biggest investment and a huge source of pride. If the exchange material looks scary, what does it make them look like? Completely understandable.
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Why the problem arises
We have discovered that most of the problem arises simply due to a lack of understanding of what household insurance provides in this type of loss. The truth is that it is probably 99% of the cause of most problems with insurance claims.
Household insurance obligation covered loss
The insurance is designed to place you in the same financial position after a loss that existed before a loss occurred. This is also called indemnity.
So if you have a hole in your house, the insurance company's obligation is to repair the hole. If you do not have side tracks, they are obliged to put on side tracks again. If you do not have roofing, it is their duty to place the roof where the wind tore it. Do you see a pattern here?
Note that I did NOT say that they are obliged to make it match and look aesthetically pleasing, complete with a rainbow, puppy dogs and chirping birds sitting on your windowsill.
Politics simply does not say that. Trust me ̵
What happens if your siding and / or roofing are simply worn or weathered due to time and exposure? The same answer applies.
What if your siding and / or roofing materials are simply no longer made / obsolete / unavailable? That answer is the balance of this post. Fortunately, there is a solution. Read on for the solution and how you can get it.
Introduction of Residential and other structures Siding and / or roofing restoration coverage from Erie Insurance
The purpose of this coverage is simple: to reimburse the insured for the cost of replacing undamaged siding and / or roofing of the home and other structures when the materials available in the covered loss area are no longer available.
How it works
Here is an example of how it works: after a big windstorm, you discover that your 15 year old vinyl page has ceased. Depending on how much coverage you buy, you would have up to the amount purchased to replace all pages so that it is a match. Nice solution is not it?
It is recalled: this coverage does not apply to irregularities due to weathering, fading or normal wear. But if the exterior walls or roofing are simply no longer manufactured or otherwise available, it would do so. This also only applies to vinyl or aluminum tracks and / or composite roofs.
$ 10,000 coverage is the lowest available, with a maximum of $ 30,000. This coverage has several other options, but I have seen annual premiums for the package to be between $ 75 and $ 150. Pretty decent investment to save a lot of heartache.
Payment according to this coverage is made on a compensation basis based on a paid invoice. So replacement of siding and / or roofing must take place first, then Erie reimburses up to the coverage amount.
We are glad that this solution exists. It does not handle ALL roof or side grooves, but is a welcome relief for cases where exterior walls and / or roofing are no longer made or available.
Get an Ohio homeowner policy with Erie with Siding / Roofing Restoration approval and solve one of the most common homeowner issues. Call or click today!