Two Great Options for Homes With Older Roofs or Any Homeowner Who Wants to Save on Their Home Insurance Premium
STANDARD OPTION: This Roof Deductible Endorsement follows the approved guidelines outlined in the special legislative session (Statute 627.701).
- Will be automatically added to all new business effective 3/17/2023 and added to renewal business beginning 5/16/20232.
- Deductible is 2% of Coverage A (dwelling coverage limit).
HIGHER DISCOUNT OPTION: This option is designed to help lower a home insurance policy premium and is a great option for harder-to-place older roofs in good condition.
- Older roofs welcome
- Ideal for HO3 and Basic Choice policies with roofs over halfway through their useful life (10 years for a 20-year shingle roof, and 15 years for a 30-year tile roof)
- The older the roof the more it lowers the premium
- Better than ACV policies because the roof valuation at time of loss is not disputable
Learn More:
Roof Deductible FAQs
All the answers to any questions you may have about how we are implementing our roof deductible at PTI.
Annual Rate and Form Filing Changes
Want to see all the nitty gritty details? Here you will find all the filing and policy form details regarding roof deductibles
