Is it Illegal for My Roofer to Waive My Deductible?

Is it Illegal for My Roofer to Waive My Deductible?

May 30 2023

As a homeowner, understanding the ins and outs of roofing repair and replacement can be complex, especially when it comes to insurance claims and deductibles. One question that frequently arises is: “Is it illegal for a roofer to waive my deductible?” Let’s delve into this important issue.

What is an Insurance Deductible?

An insurance deductible is the amount you pay out-of-pocket toward a covered loss before your insurance company pays the remainder of the claim. The deductible amount is typically specified in your insurance policy.

When it comes to understanding insurance deductibles, it’s important to note that a roof insurance deductible works differently than a medical deductible. In health insurance, once you reach your deductible limit for the year, the insurance will start to pay for a larger portion or even the full cost of your medical expenses.

However, for a homeowners insurance policy, the deductible applies per claim, not per year. This means for each separate claim—such as for roof damage from a hail storm or wind damage—you’ll be responsible for paying your deductible before your insurance kicks in. It’s a once-per-event cost, not a once-per-year cost. This distinction is important to understand as you budget for home maintenance and potential repairs.

The Legality of Waiving Deductibles

In many states, it is indeed illegal for a roofing contractor to offer to waive or absorb the homeowner’s insurance deductible. The reason behind this is to prevent insurance fraud and protect homeowners. Offering to waive a deductible often means the contractor would inflate the cost of the job to cover the deductible, leading to falsely high claims to the insurance company. This is considered insurance fraud.

The Situation in Memphis, Tennessee

In Memphis, Tennessee, the law follows the same principle. It is against the law for roofing contractors to waive insurance deductibles. Roofing contractors must adhere to this law, and homeowners should be wary of those who offer to waive deductibles. This practice could not only result in penalties for the contractor but could also put homeowners in a precarious legal and financial position.

When Do You Have to Pay a Deductible?

In roofing, a deductible would come into play anytime you need to make a claim on your homeowner’s insurance policy due to roof damage covered under your policy. Common situations include damage from extreme weather events such as storms, hail, or wind that cause significant damage to your roof.

If a tree were to fall on your home and damage your roof, this would be another scenario where you would use your deductible. Similarly, if a fire damaged your roof, you would also file a claim and pay your deductible before your insurance coverage starts.

In each of these situations, you would be responsible for paying your deductible before your insurance company contributes to the cost of repair or replacement. It’s crucial to understand your policy, what it covers, and what your responsibilities are as a homeowner, and we at Restoration Roofing are here to help navigate these circumstances.

What Should Homeowners Do?

It’s crucial for homeowners to understand their insurance policy, including their deductible. When faced with a roofing repair or replacement, you should:

  1. Obtain several quotes from reputable roofing contractors to ensure you’re getting a fair price.
  2. Beware of contractors who offer to waive your insurance deductible. This could be a sign of a dishonest contractor.
  3. Always pay your insurance deductible. This ensures that you’re following the law and the stipulations of your insurance policy.
  4. Consult with your insurance company if you’re unsure about any aspect of your claim or policy.

Why Waiving a Deductible Could Mean Poor Quality

When a roofing contractor offers to waive your deductible, it’s essential to remember that the money has to come from somewhere. The cost might be absorbed elsewhere in your roofing project, often at the expense of quality.

For instance, the contractor might cut corners by using subpar or less durable materials, hire less skilled labor, or rush the job, all of which could result in a lower-quality roof. This can lead to premature roof failure, resulting in more frequent repairs or replacements down the line. Always remember, a quality roof is an investment in your home’s long-term protection and value. It’s important to work with a reputable roofer like Restoration Roofing, who prioritizes transparency, quality, and your best interests.

Can I Finance My Deductible?

Understanding the financial strain a new roof can put on homeowners, Restoration Roofing offers a flexible solution to assist with your insurance deductible. We provide a convenient financing option that allows you to finance your deductible over a period of time.

This way, you can have the necessary work done without the stress of a significant upfront cost. We work with a variety of lenders to find the best option to suit your financial situation, allowing you to invest in a high-quality, durable roof that will protect your home for years to come.

At Restoration Roofing, we’re dedicated to making roof repair and replacement affordable and accessible for all Memphis homeowners.

How Do I Find a Memphis Roofing Company for My Claim?

Finding a reputable roofing company in Memphis for your roof insurance claims is crucial for ensuring quality work and a seamless claims process. Here are some strategies you can use:

  • Ask for Recommendations: Word-of-mouth is a powerful tool. Ask your neighbors, friends, or family who’ve had roofing work done for their recommendations.
  • Check Online Reviews: Websites like Google, Yelp, and the Better Business Bureau can give you an idea of the company’s reputation. Look for roofers with high ratings and positive customer feedback.
  • Verify Licensing and Insurance: A reliable roofing contractor should be licensed and insured. Don’t hesitate to ask for proof.
  • Look for Industry Certifications: Certifications from roofing manufacturers or industry associations indicate a roofer’s commitment to ongoing education and quality workmanship.
  • Ask About Experience with Insurance Claims: Not all roofing companies have expertise in handling insurance claims. Choose a contractor, like Restoration Roofing, who has experience navigating the insurance process and can help you maximize your claim.

These strategies will help you find a reliable roofing company in Memphis that can handle your roof insurance claim and deliver high-quality work.

At Restoration Roofing, we believe in honesty, integrity, and transparent communication with our clients. We’re here to provide high-quality roofing services in Memphis, complying with all local and state laws. If you have any questions about roofing insurance claims or deductibles, don’t hesitate to contact us. We’re here to help guide you through the process, ensuring that your roof repair or replacement goes as smoothly as possible.

Give us a call at 901-854-3402 or fill out our Contact Us form and we will reach out to you with our next available inspection. Make sure to follow us on Facebook and Instagram for more tips on finding the best Memphis roofing contractor for you.