When reviewing your homeowner’s insurance policy, you’ve likely come across the term deductibles. For the uninitiated, a deductible is a set amount that homeowners will have to pay toward the cost of their insurance claim, such as a roof replacement. For example, a new roof will cost you $8000 and your deductible is $1500; what happens is that your insurance provider will pay $6500 of the cost while the remaining $1500 will come from your pocket. However, the basics aren’t the only thing that you have to know about your roof replacement deductibles; there are a few others as well.
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