A couple of years ago, I published this blog post:

“HO ‘Matching’ Problems and the Pair or Set Clause”

When only a section of, for example, roof shingles or vinyl siding has been damaged by a covered peril, most homeowners policies, when viewed in isolation, only cover that specific direct damage. Even though replacing, say 10 year old, siding with new siding will lessen the value of the home because of the mismatch, most policies only cover “direct” damage, not the indirect or consequential loss in value.

Exceptions to this usually arise when there is statutory or case law that overrides policy language. For your future reference, here is a detailed article on this issue, along with a state-by-state listing of statutory and case law:

“’MATCHING REGULATIONS’ AND LAWS AFFECTING HOMEOWNERS’ PROPERTY CLAIMS IN ALL 50 STATES”

Thanks to Cliff Treese at Association Data, Inc. for providing this link.

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Bill Wilson

Founder at InsuranceCommentary.com
One of the premier insurance educators in America on form, coverage, and technical issues; Founder and director of the Big “I” Virtual University; Retired Assoc. VP of Education and Research from Independent Insurance Agents & Brokers of America. Reprint Request Information