🪤 The insurance process — Part 4

(Links to this series below)

Beware the booby trap!

  • Aka “roof payment schedule” or “roof surface endorsement.”

Why it matters: When I help homeowners who have this on their policy, they always say to me, “I didn’t know.”

🤷‍♂️ What is it?

  • This is a policy endorsement that allows your insurance carrier to pay you LESS than REPLACEMENT COST for your roof.
  • Even though you have a REPLACEMENT COST policy on your home.

😬 Reality check: Here’s the real gut punch of this endorsement.

  • The LONGER you pay your premiums without filing a claim …
  • The LESS you get from insurance to replace your roof.

🥊 The bottom line: You need a great insurance agent who will explain your coverages and help you manage your risks.

  • I prefer insurance brokers who aren’t captive to one insurance carrier — but will find the best policy for you.

✅ For your Smart Homeowner list

  • Review your policy to make sure you don’t have this endorsement.
  • My friends at The Phoenix Insurance will gladly review your current policy with you —> email Jason to schedule a review.



The Insurance Process Series

Part 1

Part 2

Part 3

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