How a Payment Plan Can Turn a Roof Repair Into a Home Improvement

By Don Kilcoyne 10-29-2020
QUICK SHARE
Tag Icon

If the need for a roof repair has caught you off-guard, you're not alone. More than 50% of American homeowners dealt with emergency home repairs in 2019. The good news is, between homeowners insurance and payment plans, you may be able to turn that emergency into an investment in your home's value and beauty.

Step 1: Check your homeowners insurance coverage

If you think you need a new roof, the first question to ask is "Why?" For instance, was it damaged in a storm or has it simply experienced the effects of time? (If your home has been hit by a storm, you might also want to check out the helpful GAF storm damage support page.)

Be sure to read your policy carefully or check with an insurance broker or attorney to see what deductibles, limits, and exclusions may apply. Your policy, for instance, might not cover a roof that has deteriorated due to age or neglect. Then talk to an experienced roofing contractor. They frequently work with insurance company adjustors and may be able to answer many of your questions.

Step 2: Ask about payment plans

A monthly payment plan can help you focus your budget on your household priorities. By spreading out the payments over a year or more you may even wind up with more cash immediately at hand to complete other home improvement projects. Be sure to ask your roofer if they offer flexible payment plans.

Step 3: Choose the plan that works for your budget

If you've already decided to file an insurance claim, the right payment plan may help you get the most impact out of your new roof. First of all, it may help you cover your deductible. That means less cash out of your pocket. But it may also give you an opportunity to upgrade your roof—or to turn the repair you need into the improvement you really want.

For example, now might be the right time to change the color or style of your roof to better reflect your tastes. And depending on where you live, you can talk to your contractor about shingles with added resistance to algae, UV rays, impact or all three. You may also be able to get a longer, more comprehensive warranty.

Conversation is the key. With or without insurance, ask your contractor about payment terms and you may find a plan that presents you with a range of options that you didn't know you had.


For informational purposes only and not for the purpose of providing financial, legal, insurance or tax advice. GAF does not provide financing, and any loan or other financing programs promoted by GAF are provided to the homeowner or consumer directly by licensed and regulated third party financial organizations unaffiliated with GAF. Financing is subject to availability, lender approval, credit requirements and terms and conditions.

ABOUT THE AUTHOR
Don Kilcoyne, a writer and editor for GAF, crafts marketing campaigns and language that communicate the company brand, initiatives, products, and priorities in video, print, and social media, as well as GAF Roof Views. He joined the GAF team in late 2016, bringing a background as a creative director and author.
Don't miss another GAF RoofViews post!
LATEST UPDATES
Roofing renovations were a top exterior upgrade in 2021, and continue to dominate the home improvement market in 2022. As you might plan to renovate or replace your roof, it makes sense to also think about what roof shingle color you should choose.
An attractive house and roof color combination can give your home a major boost in curb appeal. Not only does adding visual appeal make the place feel like it's yours, but it also brings a higher resale value. On average, homes considered to have curb appeal sell for 7% to 14% more than similar homes with less visual appeal, according to the Journal of Real Estate Finance and Economics.
At GAF, our commitment to protect what matters most means more than manufacturing sustainable roofing products. It includes investing in our people, our planet and our business so we can work toward a more sustainable future.
Up to 25% of the United States experiences large hail episodes—and when they do, hail can cause severe damage to roofs and the HVAC equipment stored there. Hailstorms account for 70% of the average annual property losses from severe convective storms in the US. Building owners can protect their buildings and equipment by designing their buildings and roofs to withstand the damage caused by large hailstones.
Ya sea que estes comenzando en tu negocio o te consideres un profesional con experiencia , GAF tiene la capacitación para contratistas de techos que te ayudarán a tener éxito. Es por eso que la empresa fundó el Centro para el Avance de la Educación en Techos(CARE) con el éxito del contratista en mente.
In business, time is money. With advanced roofing technology, you can save time, improve your team's efficiency, and boost your company's bottom line all at once. Ranging as widely as business management systems that streamline productivity and digital measuring tools, here are a few roofing products and solutions to incorporate into your business so you can work smarter rather than harder.
This blog contains information created by a variety of sources, including internal and third party writers. The opinions and views expressed do not necessarily represent those of GAF. The content is for informational purposes only. It is not intended to constitute financial, accounting, tax or legal advice. GAF does not guarantee the accuracy, reliability, and completeness of the information. In no event shall GAF be held responsible or liable for errors or omissions in the content or for the results, damages or losses caused by or in connection with the use of or reliance on the content.

Interested in sharing or republishing our content? We kindly ask you to adhere to our guidelines.