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What Is Matching Coverage

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Your home or business just recently received major damage due to a storm. What now? You were most likely already on the phone with your insurance company or a public adjuster, trying to figure out the next steps. If this is the case, then you probably heard them tell you about matching coverage. So, what is matching coverage? Keep reading to find out!

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What Is Matching Coverage

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  1. If you recently received damage to your home due to a storm or other related incidents, your insurance company probably told you about matching coverage. So what is it exactly? Keep reading to find out! FIRST - WHAT ARE REPLEACEMENT COSTS In the case of a disaster, such as a flood, significant roof damage, siding damage, etc. your insurance company will assess the extra cost of replacement based on your current policy. However - A lot of the time, trying to get the exact same look as your basement, roof, siding, etc. before the damage is impossible, mainly due to the fact that outdated materials are no longer able to be used in repair. So, what now? NOW WHAT IS MATCHING COVERAGE When your insurance company can only replace part of your siding because of high replacement costs, one-half of your siding will look completely different from one other. This is where matching coverage will help save you thousands of dollars on a siding replacement to get the undamaged siding to match the newly replaced siding. HOW DOES MATCHING COVERAGE WORK? DO ALL HOMEOWNERS INSURANCE POLICIES INCLUDE MATCHING COVERAGE When you have a case of mismatched siding due to a disaster, matching coverage makes sure that the insurance company will also pay to have the entire siding replaced to create a matching or cohesive look. SHOULD YOU BUY MATCHING COVERAGE? The answer – it depends. While similar at times, every homeowner’s insurance policy is different from one another. For certain homes, if you live in a flood zone, for example, there may be the option to purchase additional flood insurance coverage. This same concept can be applied to matching coverage. Ultimately, in order to check if you have matching coverage, the best place to check would be your homeowners insurance policy. We especially recommend adding it to your policy if you haven’t done so already if you have not completed renovations to your house in a long time. As your house gets older, so do the companies that produce various shingles, siding, flooring tiles, wallpaper, etc. for your home. You are more likely to receive an updated look at your house in the end if a disaster has caused your home to need a replacement of any kind. Performance Adjusting, Public Insurance Adjusters Licensed in RI, MA, CT, PA, NC, SC, FL 401-724-9111 • performanceadjusting.com • info@performanceadjusting.com @PERFORMANCEADJUSTING @PERFORMANCEADJUSTING PERFORMANCE ADJUSTING @PAadjusting

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