How much will it cost to get an entirely new roof?
Several factors come into play when calculating the cost of a new roof. This includes the size of your property, the complexity of your roof, and the type of shingles you would like to use.
If you’re replacing your roof due to storm damage, your insurance company might cover most of the cost. That could leave you only needing to pay your deductible, which varies from one policy to the next. Be sure to check your insurance policy to find out your deductible amount.
However, if your home was not recently struck by a severe storm, you will be responsible for covering the entire cost. With so many variables determining the final price, it is hard to know exactly how much you should save to pay for a roofing project. That is one reason that financing is a popular option for customers.
Will my insurance company pay for my new roof?
This depends on your insurance policy and your reason for getting a new roof.
If your roof replacement is due to a severe weather event such as strong wind or large hail, then your homeowner’s insurance might be able to cover most of the cost. You will still be responsible for paying your policy’s deductible. Failure to do so is an act of fraud and is illegal.
However, if you want to replace your roof to increase your home’s resale value, or simply because of the property’s age, your homeowner’s insurance policy likely won’t help with the cost. In this case, you would be responsible for the entire total.
Do I need to finance my new roofing project?
No, it is not required.
However, most property owners take their roof for granted and aren’t thinking about it until serious damage occurs. It’s easy to forget about roof maintenance. But when a severe storm strikes and water starts leaking, roof repair quickly becomes a top priority.
Those who have been saving for such an emergency may have no problem paying off the project in one lump sum. Financing will not be needed in this case.
Others who find themselves unprepared for this cost can take advantage of our financing options. This makes it much easier to pay for any necessary roof repairs, a total roof replacement, or possible upgrades. Even if the damage is mostly covered by your insurance company, you can finance the deductible if it is too much for your budget.
What is GreenSky, and can I trust their loan services?
Based in Atlanta, GreenSky is a leading technology company for a growing ecosystem of merchants, consumers and banks. GreenSky’s technology platform enables merchants to offer frictionless promotional payment options to consumers. Banks leverage GreenSky’s technology to provide loans to consumers nationwide. They currently service a $9 billion loan portfolio and, since GreenSky’s inception, approximately 4 million consumers have financed more than $30 billion of commerce using GreenSky’s technology.
How long does it take to get approved for financing?
GreenSky makes the approval process extremely fast and easy.
You can apply for financing online by clicking the button on this page. Fill out your information and, once submitted, you should receive an approval notice within minutes.
Is financing a good idea during the COVID-19 pandemic?
This is a great time for financing!
The potential economic impacts from the pandemic remain uncertain. Your entire life could be unexpectedly upended at any moment, making it important to have options when paying for any large home expense.
Financing allows for smaller monthly payments, not one large lump sum. This can leave your savings intact and free up that cash to be used elsewhere, if needed.