Homeowners, in an effort to save money, typically purchase Actual Cash Value policies which have lower premiums than their counter-part Replacement Cost Value Policies. In an ACV policy, depreciation is subtracted using the “age of the lost item” and the amount of “wear and tear” the item has sustained while in your possession. For example, if your roof was five years old and in that time you have not performed routine maintenance checks, and file a hail claim that gets approved, your insurer will factor in the age and condition and wear and tear of the roof and then subtract those costs along with our deductible form the overall amount needed to complete the repairs. 

The bottom line is, unless you have proper documentation or proof that your roof was routinely inspected and deficiencies corrected, your insurer will likely not pay anywhere near the amount it will take to replace the entire roof, leaving you to come out of pocket for those costly expenses!