In Tennessee, the aftermath of severe weather events often leads to roof damage and the need for replacements. However, many homeowners and business owners are concerned about how these repairs might impact their insurance premiums. The good news is that Tennessee’s insurance regulations offer some protection in such scenarios.
Tennessee categorizes damages resulting from weather events as “acts of God” rather than at-fault accidents. Consequently, when you file a claim for weather-related damage, your insurance company cannot single you out and raise only your premiums. This distinction is crucial because it means your premiums should remain relatively stable after a weather-related claim.
However, there’s an important caveat to this rule. Insurance companies can raise premiums across an entire area affected by a significant storm. They do this to recoup their losses from widespread damage. This practice can indirectly affect you, even if you haven’t filed a claim. So, what should you do in such a situation? If you find yourself in an area where a severe storm has caused widespread roof damage, it’s a wise move to have your roof inspected. This logic is straightforward – if your premiums are destined to increase due to the storm’s extensive destruction, whether or not you file a claim, it might be in your best interest to file one if your roof has sustained damage. By understanding these dynamics, you can protect your property and your wallet more effectively with the assistance of Centennial Roofing.