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Write something about yourself. No need to be fancy, just an overview.
Oklahoma Insurance Professionals LLC Blog |
Write something about yourself. No need to be fancy, just an overview.
Tom had lived in Oklahoma City for years, so he thought he was prepared for severe weather. When a storm rolled through one spring night, bringing golf ball-sized hail, he didn’t think much of it. The next morning, his roof looked fine from the ground, but a few weeks later, he noticed water stains forming on his ceiling. After calling a roofer, he learned that his shingles had been cracked by hail, allowing water to seep through. When he filed an insurance claim, he was shocked to find out that his policy didn’t fully cover the cost of his roof repairs. Many Oklahoma homeowners find themselves in a similar situation. Hail damage can be tricky, and if you don’t understand how your homeowners insurance policy handles it, you could be left paying for costly repairs out of pocket. Does Home Insurance Cover Hail Damage?Most homeowners insurance policies cover hail damage, but there are limitations. While damage to your roof, siding, and windows is generally included, there are factors that determine how much your insurance company will pay. What’s Typically Covered?
Actual Cash Value vs. Replacement Cost Coverage for RoofsIf your roof is damaged in a hailstorm, the amount your insurance company pays depends on whether you have actual cash value (ACV) coverage or replacement cost coverage (RCC). Actual Cash Value (ACV)ACV coverage factors in depreciation, meaning that if your roof is older, the payout will be much lower than the cost of replacing it. For example, if your roof originally cost $15,000 but has depreciated by 50%, your insurance company might only pay $7,500 toward a replacement. Replacement Cost Coverage (RCC)RCC pays for the full cost of a new roof, minus your deductible, without factoring in depreciation. This type of coverage is more expensive but offers better financial protection, especially in hail-prone areas like Oklahoma. How Deductibles Impact Hail Damage ClaimsHail claims often come with a separate deductible, meaning you may have to pay a higher out-of-pocket amount before insurance covers the rest.
Common Reasons Hail Damage Claims Are DeniedMany homeowners assume their insurance will automatically cover hail damage, but there are cases where claims are denied. Some common reasons include:
Steps to Take After a HailstormTo strengthen your insurance claim and ensure you receive the proper payout, follow these steps after a hailstorm:
Should You Upgrade Your Policy for Better Protection?If you live in Oklahoma City or surrounding areas like Edmond, Norman, or Yukon, hailstorms are a reality. Investing in additional coverages, such as a hail damage endorsement or impact-resistant roof discount, could save you thousands in repairs. Some insurance providers offer discounts if you install hail-resistant shingles or make other storm-resistant upgrades. Ask your insurance agent about coverage adjustments to make sure your home is properly protected. Get the Right Coverage with Oklahoma Insurance ProfessionalsHail damage can be stressful, but understanding your home insurance policy can make all the difference. If you’re unsure about your coverage or want to explore better protection for hail damage, Oklahoma Insurance Professionals is here to help. Our team specializes in helping homeowners across Oklahoma City, Edmond, Norman, and beyond find comprehensive coverage that meets their needs. Don’t wait until the next storm to review your policy. Contact us today for a personalized home insurance review and make sure you have the coverage you need when hail hits.
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