by Margo Waldrop
Roof repair can be costly, but the question is – do you file a claim? There is a tricky threshold for accepting an out of pocket expense for roof repairs versus having your insurance company take the brunt of the expense. Oftentimes, placing a home claim can cause your homeowner rates to increase, or worse cause your insurance company to drop your coverage. So you can either, have an estimate done by a roofing company to gage your potential expenses or take a chance with your insurance company.
Any repairs made on your home are an investment for its future, so while an out of pocket expense for your home is unexpected, yes, it is worthwhile. Especially, since leaks can cause major issues for your home such as mold, structural issues, and cosmetic damage. However, you will need to know your deductible amount and compare it against the cost of your roof repair. If your deductible is $1000 and your roof repair amounts to $1500, then by all means, pay for the repairs out of your pocket. It is worth keeping your insurance rates low, if at all possible. A good rule of thumb is to, first, have a reputable roofing company give you a damage estimate for your roof. If the repair cost comprises over 20% of the value of your roof then it might be worth making an insurance claim. After all, you have home owners insurance for a reason – to protect your home and sustain its value.for more information please go to http://www.okroofing.net