If you’re a homeowner, you might have noticed that roof repairs are becoming more common, decreasing the need for replacement as often. While this can be good for your bottom line, it might also cause you to receive a notice from your insurance company that calls for replacement or the cancellation of your policy. Understanding your rights under North Carolina law when it comes to things like roof repair versus replacement is essential, especially when confronted with possible insurance policy termination.
North Carolina General Statute Section 58-3-33 prohibits companies from canceling a policy without valid reasons. Additionally, they must offer at least 15 days’ written notice of cancellation, indicating the precise cause. Among other things, this statute prevents insurance companies from canceling your policy due to general reasons, such as your choice to opt for roof repair rather than replacement or the notion that your roof has passed its prime due to its age.
Not all roofs are created equal. Speaking of the age of your roof, it’s important to understand that not all roofs are created equal. Even if your roof has a few years on it, if you’ve kept up with maintenance, had any necessary roof repair completed, and it was installed properly, it might not need to be replaced quite yet. This means that the standard “20-year” mark that insurance companies have used in the past doesn’t quite hold true anymore.
If you receive a cancellation notice, you should request a full explanation and confirm that the company has followed all legal requirements. Working with a professional roofing contractor, such as us at F2 Property Solutions, is also a good idea. We can evaluate your roof and provide an objective assessment of its condition, which may be important in negotiations with your insurer.
Contact us today to learn more.
