Limited Matching Coverage For Siding And Roof Materials

Terms of insurance policy.

Limited matching coverage for siding and roof materials.

This coverage is bundled with several other options but i ve seen annual premiums for the bundle to be between 75 and 150. This report is limited to the issue of matching in homeowners insurance particularly with regard to policy terms typically found in homeowners insurance policies it does not discuss related issues such as. This coverage applies in excess of your stated deductible. South lake agency works with many top carriers that offer roofing and siding undamaged materials coverage as an optional endorsement.

But if the siding or roofing is simply not manufactured anymore or otherwise available it would. It is a matter of great importance to insurance companies because matching problems with a slightly damaged section of roof or flooring can lead to a domino effect of. Matching siding coverage is meant to help you if your original siding that s damaged is discontinued. When damage caused by fire smoke water hail or other causes results in a small portion of a home or building being damaged e g shingles siding carpet cabinets etc whether and when a carrier must replace non damaged portions of a building in order for there to be a perfect match remains a point of contention.

Normal damage that occurs to your home s siding like fading from sun exposure or dirt and grime is your responsibility and won t be covered for the replacement cost. Matching under commercial property insurance policies. 10 000 coverage is the minimum available with a maximum of 30 000. To allow for full replacement of matching roofing and siding can be unduly burdensome on a carrier whose policy agrees only to repair damaged portions of the building.

Roofing of the insured premises with materials of equivalent kind and quality that are substantially similar to those materials that were damaged by a covered cause of loss. Essentially this means that if you have a partial loss and your siding or shingles are no longer made and the materials can t be matched they will cover the cost to replace your entire roof or redo your siding. This coverage is bundled with several other options but i ve seen annual premiums for the bundle to be between 50 and 75. The industry s response is that allowing coverage for matching provides a windfall to the insured.

It also only applies to vinyl or aluminum siding and or composition shingle roofing. Pretty decent investment to save a lot of heartache. The condition prior to loss such as a roof with uniform appearance. 10 000 coverage is the minimum available with a maximum of 25 000.

The industry s response is that allowing coverage for matching provides a windfall to the insured. While the matching issue involves repairing truly damaged or destroyed property and the ensuing problems that result when the repaired section of a roof siding or cabinetry for example.