Don't ask the internet. Ask your policy.
Why did my roof claim pay less than the repair estimate?
Roof settlement is frequently moved to a depreciated or scheduled basis by endorsement even when the rest of the dwelling is on replacement cost.
What filed forms generally say
A roof-payment schedule endorsement pays a percentage of replacement cost based on the roof's age and material.
Some forms settle roof surfacing at actual cash value for wind and hail regardless of age.
Where replacement cost does apply, part of the payment is often withheld until repairs are completed and documented.
Why your policy can still say something else
The schedule, the perils it applies to, and the holdback rules are all set in your own endorsements.
Clauses to look for in your own document
- Roof Surfacing Payment Schedule endorsement
- Loss Settlement
- Actual Cash Value Loss Settlement — Windstorm or Hail
Policies differ. Upload yours and Poli will show you the actual clause.
Free · no account · nothing stored.
Run a Poli ReadMore questions
PoliSays explains document wording. It is not an insurer, broker, or law firm, and nothing here is advice.