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It will cost you between $100 and $200 to patch a simple hole or crack in one piece of wood siding. To patch the area, you need to clean out the hole, sand it down to remove splinters, apply wood filler, and let it harden before sanding it down to make it even.

Homeowners insurance often covers damage to siding, but keep in mind it will only cover the damaged siding. So if you replace that siding and it doesn't match the rest of the home, your insurance won't pay to get the siding done on the rest of your house. That will have to come out of pocket. You should contact your insurer to check your policy details.

It's time to replace your wood siding when you notice signs of deterioration like rotting, warping, peeling, or visible cracks. If your siding no longer protects your home effectively—evidenced by higher energy bills, moisture damage, or frequent repairs—it has likely reached the end of its lifespan. Replacing it ensures lasting protection and optimal performance.

Popular alternatives to wood siding include vinyl, brick veneer, stucco, steel, stone veneer, and composite siding. These materials offer benefits like increased durability, lower maintenance, and various design options suitable for different climates and lifestyles. Exploring these alternatives can help you find a siding option that meets your performance needs and aesthetic preferences.