Does Insurance Cover Siding Repair?

As Colorado residents, we get to enjoy 300+ days of sunshine annually, but each year we also endure some extreme weather that can lead to home damage. Our weather can be unpredictable, from windy days that can loosen siding or roof shingles to violent storms that can cause water and hail damage and summer wildfires that threaten anything in its path. It’s crucial to be prepared for different storms and have a dedicated team ready to help when you experience disaster damage.

Insurance will only cover acts of God, which refers to damage caused by storms, fires, or other events that are out of your control. At Koala Exteriors, we provide support while you work with your insurance company to receive appropriate compensation for the damage caused to your siding. We can’t handle claims on your behalf, but there are some things we can do to help you. For example, when an insurance adjuster appraises your property after a hailstorm, they might overlook a damaged section of siding and won’t offer to cover the cost to replace it. Our team can point this out to make the process less stressful as you ensure your claim covers quality materials, professional installation, and proper building codes.

If your siding is damaged from a fire, flood, hail, or another unforeseeable event, your insurance company may cover the entire cost to replace your home’s siding. The amount you receive to replace your siding will depend on the type of insurance coverage you have. Homeowners insurance offers two types of coverage: Actual Cash Value (ACV) or Replacement Cost Value (RCV). There are pros and cons to each. ACV coverage factors in the deterioration of your home’s siding before estimating your reimbursement, while RCV would cover the actual replacement costs.

At Koala Exteriors, we offer siding repair and replacement options for most types of damage. Storm damage repair, in particular, can be one of the most stressful events, so we work to make the process as simple as possible. We will advise you through each step to help ensure you’re compensated for the damage and the cost to replace materials.