Tennessee Insurance Litigation Blog

TN Farm Bureau Changes its Coverage on Roof Claims

I recently learned that Tennessee Farmers Mutual Insurance Company (Farm Bureau) has changed the way it will pay roof claims.  Specifically, a recent endorsement changes roof coverage to actual cash value for roofing materials instead of replacement cost.  This means that roof materials will be depreciated in the event of a roof claim.  For example, if hail damages a roof that is 10 years old, the replacement cost would be depreciated to account for the age of the roof.  The depreciation rate will vary depending on the age and condition of the roof, but could be as high as 75%, which will impact consumers' ability to replace their roofs after a catastrophe.  This is obviously a huge deal for Tennessee consumers, particularly in light of the wind and hail storm events that has become common in our state.  

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Brandon McWherter of Gilbert Russell McWherter PLC

Parks T. Chastain of Brewer, Krause, Brooks, Chastain & Burrow, PLLC

Brewer, Krause, Brooks, Chastain & Burrow, PLLC
P.O. Box 23890
Nashville, TN 37202
Phone:
(615) 256-8787

Fax:
(615) 256-8985
2600 Renaissance Tower
611 Commerce Street
Suite 2600
Nashville, TN 37203
Gilbert Russell McWherter PLC
101 N. Highland Ave.
Jackson, TN 38301
Phone:
(731) 664-1340

Chesapeake Business Centre
1616 Westgate Circle
Brentwood, TN 37027
Phone:
(615) 467-6370

Toll Free:
1-888-354-FIRM