Allstate s house home program will pay the actual cash value of a roof that needs to be replaced if it s older than 10 years.
Roof surfaces extended coverage endorsement avp42.
Some homeowners soon may see their insurance related costs go through the roof.
But you may find that you can purchase additional coverage to help further protect those belongings.
1 the age of the roof and 2 the type of material used to cover the roof surface.
Allstate recently announced a new product that will impact rates its customers pay for homeowners insurance if they want their roofs repaired the new house home coverage option will no longer cover the full cost of replacing damaged roofs if they re older than 10 years.
When the roof surface endorsement is added to a policy damage caused by wind or hail will be settled based on two key factors.
One way is by purchasing scheduled personal property coverage for certain high value items.
Roof surface means the roof surface material type slate composition wood tile metal all other roof surface material types of a building structure or other structure covered under dwelling protection coverage a or other structures protection coverage b and all other roofing components including but not limited to.
Homeowners with newer roofs can pay extra to buy coverage providing full replacement value at the insurer s cost according to the documents.
Another way is through an extended protection amendatory endorsement epae.
Allstate house home roof surcharge hikes customer costs.
The roof surfaces extended coverage endorsement can be purchased to extend coverage to replacement cost.
Roof surfaces extended coverage included water back up not purchased building codes 10 000 building structure reimbursement not purchased extended limits dwelling in the course not purchased of construction electronic data recovery 5 000 1 000 windstorm and hail 2 000 tropical cyclone 1 000 all other perils.
If they opt against the surcharge allstate will cover.
Eventually allstate customers with roofs more than 10 years old won t have the full cost of new roofs covered under their home insurance policies.
