Replacement Cost
The insurance industry shot themselves in the foot when they decided to include roofs in Replacement Cost coverage rather than Actual Cash Value. Even if the shingles are well past their expected life, the policy language specifies replacement with new material. Piecing in new shingles with old is often impossible, due to availability of color and texture. The only fix is a complete new roof. Your insurance policy has become a maintenance contract, and insurers are raising rates to cover. The same applies to siding and garage doors.
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