Roof Settlement: Replacement Cost vs. Actual Cash Value on Florida Homeowners Policies
· Home Insurance
The single largest coverage difference between two Florida home quotes is usually how the roof is paid. It rarely appears on the price comparison and it decides tens of thousands of dollars after a storm.
Replacement Cost vs. ACV in Plain English
Replacement cost pays what it costs to install a new roof today, minus your deductible. Actual cash value subtracts depreciation for age and wear, and on an older roof that deduction can be more than half the claim.
Florida's Roof Age Reality
Many carriers move roofs older than 10 to 15 years onto a roof surfacing payment schedule. That endorsement is legal, common, and easy to miss on a cheap quote.
- Check for a roof surfacing payment schedule endorsement
- Confirm the roof age recorded by the carrier
- Ask whether a four-point inspection changes the terms
Protecting the Full Value
If your roof is newer, get replacement cost in writing and keep documentation of the install date and permits. If it is older, price both options and decide with real numbers.
Frequently Asked Questions
How much can ACV cost me on a roof claim?
On a 15-year-old shingle roof, depreciation of 50% or more is common, which can mean a $15,000 to $25,000 out-of-pocket gap.
Does a new roof lower my premium?
Usually yes, and often significantly in Florida. Send us the permit and invoice and we will re-rate the policy.
Talk to a Licensed Florida Agent
SunGate Insurance Agency is a locally owned and operated independent agency in Lake Mary, Florida, serving clients across the state. Send us your current declarations page or a competing proposal and we will show you exactly what changed — in writing. Call 407.878.7979 or start with our quote calculator.
Questions about your coverage?
Our licensed agents compare carriers to find the right protection at the right price.