Homeowners' insurance can cover the cost of damages incurred in some instances, such as after a hail storm or other weather-related events. But you can’t always count on insurance deductibles to cover the total cost of roof repair and replacement. Insurance reimbursement is based on the depreciated value of the roof at the time of the damage. The roof's age and material will be considered for this type of insurance claim. The result is that you could receive significantly less money than you would need to replace your roof, and the price difference will be your responsibility.