If a storm destroys it and you have actual cash value roof coverage that depreciates the roof s value by 1 000 per year your out of pocket share of the cost for a new roof would be 11 000.
Scheduled roof payments farmers.
If you are dealing with commercial roofing you will get paid in accordance with the owner s pay schedule for bills which could be monthly.
First we must look at farmers scheduled roof payment percentage.
We called our farmers insurance rep right away and they send a woman over to check our roof.
There will be retainage and you will likely have to bill off of a schedule of values.
The roof guy post author june 1 2019 at.
She did a thorough inspection and told us all the damage should be 100 covered due to the roof leaking.
If the roof needs to be replaced due to hail or wind damage a replacement cost policy pays the amount it costs to replace the roof with a new one of the same quality less the wind hail deductible.
Hi jon for such a tiny roof the quoted price does sound excessive.
Since the roof is 15 years old and the shingle has a life expectancy of under 30 years farmers would owe you 50 1 of the.
Since the roof surface is only 11 squares with no peaks dormers valleys we are basically looking at a tear off and a fairly simple straight forward replacement.
For example a 200 000 home with a 1 wind hail deductible 2 000 and costs 10 000 to replace will pay 8 000 to replace the roof with.