What a roof schedule endorsement does
It converts roof coverage from Replacement Cost Value to ACV on a sliding scale: typically triggered at a specified roof age (often 10 or 15 years). On a 20-year-old shingle roof, the resulting depreciation can be 60–80%.
How to find it on your policy
Look at your declarations page for any item labeled "Roof Coverage Endorsement," "Roof Schedule," or a specific endorsement form number starting with letters like HO-D, MDP, or a carrier-specific code. The actual endorsement form will be attached to the full policy PDF.
Legality
These endorsements are lawful in Florida. A 2022 statutory change (Fla. Stat. 627.7011) specifically allows carriers to write roof coverage on an ACV basis for older roofs.
What it means at claim time
- Hurricane rips off 20% of your 18-year-old shingle roof
- Carrier applies the endorsement: pays ACV only
- ACV = RCV minus depreciation: you receive perhaps 30–40% of replacement cost
- Gap between ACV and RCV comes out of your pocket
What to do
- Read your declarations annually: know if this endorsement is on your policy
- At renewal, shop for a carrier without the endorsement if you can
- If you're already stuck with it, consider a roof replacement before age 15 on a planned basis rather than after a storm