Do you have to pay your insurance deductible? It is a question that confuses many homeowners, and Stonewater Roofing hears it often. In nearly every situation, the answer is yes.
Most people have not needed to make a roofing or home repair claim with their insurance company, but may have done so with their car insurance. It’s a very similar process. You have a set deductible for your car insurance. Then, when you get into a fender bender, you can take your car to the shop. You pay your deductible, the shop fixes your car, and you get your car back.
The same thing occurs with the roofing insurance claim process.
In most states, including Texas, homeowners are required to pay that deductible. However, many roofing companies will offer to absorb the cost. This is illegal. You should not trust a company that is breaking the law.
But also, if a company does not ask you to pay your deductible, where does that money go? It is likely coming out of the materials or the quality of the roof that they are installing on your home. “You want to be careful with your contractors,” stated Stonewater Roofing COO and co-owner Jacob Law. “Make sure that everybody is doing things above board and the correct way, not only by you, but also the insurance company and state regulations.”
Most contractors understand how a deductible payment can impact a family after a storm. They will likely offer financing options to cover the deductible and minimize the hardship.
In summary, yes, your deductible does need to be paid. Make sure that you hire a contractor who understands this and can guide you through the process the correct way.