Your garage door is the largest entry point to your home. This door is also one of your home’s largest focal points and plays a role in your property values, security, and indoor comfort. So, when your door is badly damaged, it’s imperative that you replace it as quickly as you can.
Your homeowner’s insurance policy acts as a valuable buffer whenever you’re facing a substantial home expense. When it comes to the cost of garage door replacement, however, the details of your policy can get a little murky.
So, we’ve put together a short list of what homeowners insurance covers.
Wind and hail damage are the most common homeowner’s insurance claims filed each year. This damage can cause dents in your garage door of varying degrees based on the severity of the storm.
Hurricanes, tropical storms, and other weather events are also covered by homeowners’ insurance plans. Your garage door is considered part of your dwelling, if you have comprehensive coverage and the damage is weather-based, you should have a problem being reimbursed.
Damage From a Vehicle
If you park your car in or in front of your garage long enough, there’s always a chance that you’ll accidentally damage the door while going in or out. This is a repair that many comprehensive homeowner’s insurance plans cover.
Keep in mind that you’ll need to file a claim with your auto insurance also to handle any vehicle repairs.
Burglaries and Vandalism
The garage door is a popular entry point for people breaking into your home. Well-made, properly installed garage doors are secure and minimize any threat of unlawful entry. However, if a thief does cause damage, your insurance will cover repair or replacement.
Fires account for about a quarter of all homeowner’s insurance claims. Since your garage door is considered part of your dwelling, homeowner’s insurance will also cover fire damage. This applies whether the entire home caught fire or just the garage area.
What Goes Into the Cost?
The biggest factor in the cost of garage door replacement is whether you opt for the same model or purchase a newer one. Details like the thickness of the track, spring torsion, door colors, and finishes are all factors that you’ll consider when getting price quotes.
Keep in mind that the insurance will cover the current value of a replacement, so you may need to pay the difference if your replacement costs more. You can mitigate these costs by choosing a door on par with the price of the replacement, or exploring financing to reduce your upfront costs.
You have plenty of garage door styles to choose between, including:
- Traditional garage doors
- Raised-panel garage doors
- Contemporary garage doors
- Carriage-style garage doors
Different materials will also yield different prices. Some of the garage door materials available include aluminum, aluminum, steel, and composite.
The Cost of Garage Door Replacement
Will homeowners insurance cover the cost of garage door replacement? As you can see, the reason and nature of your replacement is the biggest deciding factor. The only way to find out for sure is to get in touch with your insurance company to confirm the details of your policy.
Once you’re ready for a replacement, American Garage Door & Gate Systems can offer you the best value for your budget. We’ve been serving the Denver area since 1974 and have plenty of custom garage door options that you can choose from.