I just brought a 68 year old home. We were going through a drought and I did not know the roof was bad. The first heavy rain came and I found lots of water on one floor, sagging ceilings in another room and water stains. I had some work done to my bathroom and the contractor said there was wet wood in the ceiling. Does homeowner insurance cover this in any way?
I already had an inspection and I was told the roof looks sound however there was a disclaimer that stated that I should get a roof expert to check it out.

Possibly - check your policy, read what exclusions there are. Call your agent.

should have got an inspection. most loan officials require one. and no it wont cover it

It depends. If the roof is 25 years old, then no. If the roof is damaged in a wind storm, yes.