Log In1Roof Payment Schedule is not applicable in New Mexico. 2Loss payments and replacement cost loss settlement are subject to all policy provisions and set deductibles. Additional conditions and limitations may apply based on individual circumstances applying to each claim. All coverages and terms are subject to underwriting guidelines, review, and approval. 3Roof Loyalty Benefit is effective 6/23/26 (7/23/26 in IA only) for dwellings only and is dependent on policy renewal date. Wood roofs and Actual Cash Value Roofs are ineligible to receive this benefit.
Roof Coverage Shouldn’t Be a Mystery
Confidence comes from knowing what your policy says and how it works.
No Guesswork. Just Coverage You Can Feel Confident In.
Roof replacement is one of the most expensive home repairs a homeowner may face, yet many people don’t know how their insurance policy would actually pay for wind or hail roof damage until a claim happens.
If you’re unsure how your roof is covered after wind or hail, that uncertainty can be costly.
We help you:
- Understand your policy details
- Feel confident in how your claim may be settled
- Make informed decisions about your coverage
At Farm Bureau Financial Services, we believe roof coverage should be clear, upfront, and easy to understand, so you know what to expect before a storm, not after.
Download the Roof Payment Schedule
Understanding Roof Coverage
Knowing how your roof is covered starts with understanding two common settlement methods, Actual Cash Value (ACV) and Replacement Cost Coverage (RCV).
See What We Would Pay for Wind or Hail Storm Damage to Your Roof
We take transparency one step further by providing a roof payment schedule1 that shows how roof claims caused by wind or hail are paid based on roof age and materials. A roof payment schedule is used by many providers to outline how roof claim payouts change as a roof ages, how different materials are factored, and to set expectations in the event your roof does receive storm damage.
Roof Coverage Comparison for Wind and Hail Damage2,3: Farm Bureau Financial Services vs. Other Insurers
Coverage Feature | Farm Bureau Financial Services | Other Insurers |
Replacement Cost Availability | Replacement cost2 available for roofs up to 15 years old — and beyond with loyalty benefits | Replacement cost often limited to early years |
When ACV Applies (Wind & Hail) | Clear, published schedule shows when and how depreciation applies | Some providers move to ACV for roofs under 10 years old |
Coverage for Newer Roofs (0–10 yrs) | Strong replacement cost protection2 for non-wood roofs with minimal depreciation | Replacement cost may be restricted or phased out |
Coverage for Mid‑Age Roofs (10–15 yrs) | Replacement cost2 still available for non-wood roofs under defined terms | Frequently shifted to ACV during this period |
Benefit for Long‑Tenured Policyholders | The Roof Loyalty Benefit3 allows clients who have been with 10+ years of property coverage with us to receive Replacement Cost Coverage to non-wood roofs regardless of age. | Age based restrictions often apply regardless of tenure |
Material Consideration | Competitive payouts for common roofing materials with clear differentiation | Steeper depreciation for non‑impact‑resistant materials |
Impact‑Resistant Roofs | UL Class 3 or 4 impact‑resistant roofs qualify for the highest payout tier within our roof payment schedule.1,2 | Discounts may exist, but depreciation often continues |
Transparency of Roof Payments | Published roof payment schedule1 | Roof payment schedule may only be available in policy documents. |
Discounts & Incentives | New Roof Discount, Impact Resistant UL 3 or 4 Discount, One Deductible, Loyalty Benefit3 | Varies; Discounts and incentives may vary |