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    jpjohn's Avatar
    jpjohn Posts: 19, Reputation: 1
    New Member

    Jan 27, 2011, 10:56 PM
    How do home insurance deductibles work
    I've never filed a claim before on my homeowner's and now need a new roof. Just wondering do I pay the deductible directly to the roofer? Also will this make my premiums go up because I filed a claim? My claim has already been approved by my insurance company. Thanks.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,303, Reputation: 7691

    Jan 28, 2011, 05:46 AM

    The insurance company will pay for the claim minus the deductable amount. But depending on the type of policy they may also reduce the payment by depreciation. Also many companies ( like State Farm) will pay the depreciation amount only after the roof is finished.

    1. there are more con or crooked roofers today than honest ones. Never pay or give them money up front till they start the job. At the most, only pay them about 25 percent on the day they start, never before they start and never ever never before there are shingles on the ground at your home.

    2 Get references, actually go talk to other customers

    3. if this is a sales guy offering you today only deal, throw him out

    4. But yes, you will pay your deductable amount to the roofer unless there is some agreement. Example if you have a low deduct it is not unheard of for the roofer to do the job for just what the insurance company pays.
    jpjohn's Avatar
    jpjohn Posts: 19, Reputation: 1
    New Member

    Jan 28, 2011, 10:17 AM
    Thanks very much. It really isn't that hard to understand, lol. I was just a little nervous since it was my first claim but I feel okay now. Looking forward to my new roof, lol.
    nikosmom's Avatar
    nikosmom Posts: 1,611, Reputation: 488
    Ultra Member

    Feb 3, 2011, 08:39 PM

    What are the circumstances of you needing a roof? If it's just because it's old, then insurance will not cover it. If there was damage (ie. A tree fell through it), then insurance repairs the damaged portion. The circumstances make all the difference...

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