Home Home insurance Replacement Cost Coverage My home insurance company canceled my policy because my roof needs replacement My home insurance company canceled my policy because my roof needs replacement By Insure.com | Posted on October 27, 2010 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Replacing a roof is expensive, but it may be cheaper in the long run. If you don’t fix it, you’ll be stuck paying home insurance premiums until you do. In lieu of that, contact your state’s department of insurance and ask if there’s a high-risk home insurance pool in your state. Otherwise, you’ll have to go with the mortgage company’s insurance. Home insurers don’t like clients with maintenance problems, fire risks or safety issues. Those situations lead to claims, and insurance companies want to reduce risk as much as possible. An insurance company considers maintenance your responsibility so it will not pay for roof damage if it was caused by lack of maintenance. But if you have a standard HO-3 home insurance policy, your insurer will likely pay for damages to furniture and other parts of your home as a result of the leak — if there are any. Water damage is one of the most common reasons people make homeowner insurance claims, and it can cost thousands of dollars. Lack of maintenance leads to many insurance claims. Keep your home insurance rates down by keeping up with repairs, which minimize claims that can drive up rates. For more detail about home insurance, read about water damage: seven home insurance scenarios and home insurance basics. QuickTake How to get homeowners insurance with a bad roof Replacement cost policies for your home: Getting what you pay for Rebuilding costs increase following a catastrophe See more > In case you missed it What is HO-6 insurance? Average homeowners insurance cost by ZIP code in 2024 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: 14 key questions answered Replacement cost policies for your home: Getting what you pay for How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2024 Homeowners insurance basics Home Insurance Advisor The Best Cheap Homeowners Insurance of 2021: Guide How much flood insurance do I need? How to bundle home and auto insurance policies to save money The largest home insurance companies by market share Home insurance discounts for cheaper rates Guide to dog liability insurance: cost and coverage Do you have an emergency go-bag? Most Americans don’t 1/1 Related Articles What is hurricane insurance? By Shivani Gite What is HO-6 insurance? By Shivani Gite Are landlords responsible for tree damage to your car? By Casey Bond Does homeowners insurance cover rotting wood? By Penny Gusner Is it legal for my home insurance company to drop my coverage after filing claim? By Shivani Gite Can my homeowners insurance get canceled because my house is empty? By Nupur Gambhir Get instant quotes now ! Please enter valid zip Get Quotes