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 should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. 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 home insurance cost in 2023 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: What does it cover and how much does it cost? 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 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 HO-6 insurance? By Shivani Gite Are landlords responsible for tree damage to your car? By Casey Bond Can my homeowners insurance get canceled because my house is empty? By Nupur Gambhir Does homeowners insurance cover a leaking washing machine? By Laura Longero Home insurance inspection: how to prepare a checklist By Daniel Bortz How renters insurance works for pit bulls By Nupur Gambhir