How Much Does It Cost To Replace Your Roof?

When seeking out quotes for a new roof, you might feel lost in the process or unsure about getting a fair deal.

Making the decision to purchase some household products can be a simple task.

However, choosing a new roof for your home is a big decision that requires a lot of research and considerations.

You might find yourselves asking these questions: 

• How often should you replace your roof?
• How do I know if I need a new roof?
• Does this type of roof offer a good value for your investment?
• What is the best roof material for what I’m looking for?

Hail Damage Roof Repair Insurance Claim

What happens when your home gets hit by large hail and you need to replace your damaged asphalt shingle roof?



Your first step is to call your insurance company. They will request a visit from an adjuster who will determine the level of damage. Based on your level of coverage, the insurance company will provide a payout value amount.

A number of factors will come into play such as your deductible and if hail coverage is part of your policy. In some

instances, a depreciated value is applied to your roof based on its remaining service life.

Let’s assume a total loss and a replacement cost for a comparable product at $8,000.

You will be subject to a deductible of a set amount or a percentage of the roof’s value depending on the insurer and policy.

Let’s assume the deductible is $1,000 and no depreciation clause so the maximum payout amount will be $7,000.

No matter which roofing product you select to reroof with, that is the maximum payout.

At this point, you have a decision to make.

You can put the same asphalt roof back on with little to no additional cost beyond the insurance payout or you may wish

to upgrade to a more hail resistant permanent roofing option.

That will require additional funds to go with the payout.

Now what?

If hail is a common occurrence where you live then you may become a victim again in the near future.

If this is the case, your Insurers know this and will assess the risk accordingly.

They will also make adjustments to your premiums and deductibles to minimize losses.

In some cases, you may find insurance for hail damage to be unaffordable or simply not available.

How Much Does It Cost To Replace a Roof?

You might find yourself asking these questions when you need a roof replacement:

• How is a roof priced out?
• How do I know I’m not paying too much?

It helps to understand the scope of the work and no 2 roofs are the same.

Let’s break it down.

There are 3 “cost areas” a contractor must consider when quoting a roof replacement. 

• The cost of materials selected
• The cost will vary greatly between asphalt shingles and real slate
• The cost of labour to remove the old roof and install the new roof material
• For example, it can cost much more to remove a cedar roof or a roof with 3 layers of asphalt shingles
• The cost of the associated accessories, cleanup and disposal charges
• This includes nails, underlayment, vents, flashing, sealant and more

Have a really steep-sloped roof? 

The cost to replace it will be higher as it takes more time to set up and navigate steeper slopes during installation.

Two similar-sized homes side-by-side installing the same material can have widely varying replacement costs using the same materials if the slope is quite different.

The Cost For Different Types of Roof

Asphalt shingles

Asphalt shingles are at the lower end of the price spectrum.

They are the most common residential roofing material in use today, primarily due to the lower cost.

They are simple and fast to install by roofing professionals but have a limited life expectancy and are vulnerable to moderate-sized hail impact.

Permanent Roofing Options

The price increased for “permanent” roofing materials such as metal, rubber, plastic, slate, wood and concrete.

The cost for labour to install many of them is also higher due to deck preparation requirements and complexity of cutting and fastening them.

It is understandable that if it takes a contractor longer to install a particular material it will cost more to do the job.

Working With a Roofing Contractor

Most contractors will provide a quote free of charge to replace your roof.

It is in their best interest to take the time to understand your needs and prepare a replacement quote that is fair.

Most contractors understand that they are not the only roofing company out there who can do the work.

A couple of comparable competitive quotes will provide you with the information you need to confidently make a decision.

Ask questions and do some research on roofing materials available and the benefits they offer.

A premium roof will cost more upfront but will offer additional benefits making the cost of ownership over the long term well within reason and perhaps the better value.

How Euroshield Can Help

If you live in a region that gets hit hard and often by hail then it makes sense to install a hail-proof roof like Euroshield’s Vermont Slate HP.

It is backed by a written warranty as hail-proof for any size hail for the first 20 years after installing, followed by 30 additional years of hail damage warranty coverage for 2” hail or less.

It can save you money on insurance premiums, helping offset the cost as each year passes.

A roof replacement is not a common occurrence.

Take the time to determine your needs and ask lots of questions.

Contact Euroshield for more information on Vermont Slate HP, the world’s first hail-proof roof material, as well as other Euroshield permanent roofing options.