Insurance Claims

It all depends on how you are paid. In rare cases, you could keep the difference. Here’s an example:

The insurance company paid you in full, less your deductible, and the amount you owe for the work performed was less than the insurance payment. This is extremely rare and may be because the work performed was less than what the insurance company paid for or expected would be done.

In almost all other cases, the answer is no, because of the way the insurance company makes the payments: ACV vs. RCV.

That is always an option. But understand that any increase in grade or quality of materials that raises the price above what was comparable for the original roof will be your responsibility.

This is actually a great time to consider upgrades since the insurance company is going to absorb the bulk of the cost. If you suffer a subsequent covered loss on the new roof, you’ll be paid for what it takes to repair or replace that roof and its higher-grade materials. Sometimes a higher or better quality of roof can contribute to a lower premium for the same type of insurance coverage. Check with your insurance policy, agent, or insurance claim specialist for clarification.

Yes, unless you choose differently. Most insurance companies pay for “like kind and quality”. If you substitute with lower quality roofing components to “save money” you will void your warranty with most manufacturers.

No, the age of the roof will not determine whether you get a claim or not. The type of damage and if it is covered under your policy determines if your insurance provider will pay. The type of policy you have will determine the amount you are paid.

Yes, if the damage is a covered peril under your homeowners’ policy, such as an act of nature like wind or hail. It would also pay if repairs to the roof would not be feasible.