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Colorado insurance guide · Updated Oct 22, 2026
Got an ACV check or roof schedule?Here's how depreciation, code items and supplements work.
Not every policy pays roofs at ACV or on a schedule, but we're seeing it more and more. Here's what the first check means, who pays for code upgrades, and how supplements work.
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Check your own declarations page. If ACV roof settlement, a roof payment schedule or limited ordinance-or-law coverage is listed there, this page explains what it means for your roof and your check.
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Before you file
Free claim and policy check. Know your number first.
Before you cash, sign or argue, know what kind of payment you got and whether code items should be on the estimate.
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What we check with you
- RCV, ACV or a roof schedule
- Your O&L limit
- Code items for your city
- Missing line items on the estimate
The first check
Why was my first roof check so small?
Actual cash value (ACV)
Replacement cost minus depreciation for age and wear.
Source: Colorado DOI hail advisory
Recoverable depreciation (holdback)
On a replacement-cost policy, the held-back depreciation can be recovered after the work is done and documented. USAA, for example, describes it as the gap between replacement cost and ACV, paid once you show the work is complete.
Source: USAA: recoverable depreciation
Roof payment schedule
Some policies, like Allstate's AVP84 endorsement, pay roofs by a percentage tied to age and material instead of RCV or ACV.
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We read your declarations page with you and inspect the roof. Free, no obligation.
Code upgrades
Who pays for code items like ice barrier or new decking?
Ordinance or law (O&L) coverage
A separate coverage for the added cost of meeting current building codes when a damaged part is repaired or replaced. It usually has its own limit, often a percentage of dwelling coverage, and many policies pay it only once the work is actually done.
The 20% O&L offer
Since HB23-1174, insurers must offer Colorado homeowners the chance to buy at least 20% law-and-ordinance coverage (and 50% extended replacement cost) at new business and renewal, per DOI guidance for policies on or after Jan 1, 2024.
Source: DOI bulletins (B-5.46, HB23-1174 guidance) · HB23-1174
Roof schedules and code costs
Allstate's AVP84 says payments under the roof surface schedule don't include increased costs from enforcing codes, ordinances or laws.
Source: Allstate AVP84 (2015 edition)
Local code examples
Some cities require items an old roof may not have: Centennial requires ice barrier on all roofs; Littleton requires boards with gaps over 1/2" to be overlaid or replaced with 3/8" or thicker panels; PPRBD requires ice barrier above 7,000 ft.
Supplements
How do supplements work?
Supplement
A request for more money when damage or code-required work is found after the first estimate. The DOI says to report added damage to your insurer before the work continues.
Source: Colorado DOI advisory
The deductible is yours
Colorado law bars roofers from advertising or promising to pay, waive or rebate any part of your deductible (SB 12-038).
Source: C.R.S. 6-22-105
Free claim and policy check.
We read your declarations page with you and inspect the roof. Free, no obligation.
Why is my ACV roof check so low?
ACV pays replacement cost minus depreciation. On a replacement-cost policy, the held-back depreciation is usually paid after the work is done.
Are code upgrades paid at full replacement cost?
Not automatically. Code costs are usually paid under separate ordinance-or-law coverage with its own limit, and many policies pay it only once the work is done. Roof schedules like AVP84 exclude code costs from the schedule payment.
Do Colorado insurers have to offer ordinance-or-law coverage?
Yes. Since HB23-1174, insurers must offer at least 20% law-and-ordinance coverage at new business and renewal, per DOI guidance.
Can a roofer cover my deductible?
No. C.R.S. 6-22-105 bars it.
Free claim and policy check.
We read your declarations page with you and inspect the roof. Free, no obligation.
O&L wording varies by policy. Homey Roofing and Restoration is a roofing contractor, not a public adjuster. Your policy wording controls your coverage. Updated Oct 22, 2026.