Valuable Information: Roof Replacement and Its Effects on Homeowners Insurance

Valuable Information: Roof Replacement and Its Effects on Homeowners Insurance

Your home is arguably the most important thing in your life. It’s where your family is, where memories are made, and a place where you feel safe. So what should you do to make sure your home is kept safe? The roof is a great place to start, and it is one of the most critical aspects of your home structurally. Moreover, it can have a considerable impact on your homeowner’s insurance. When repairing your roof at the right time, it can pay back many times over. 

What Will A New Roof Do To My Premiums?

If done correctly, Complete roof replacement could save you thousands a year on your premiums. After all, it is the most significant barrier between your family and the dangers of outside forces. Even minor repairs could save you money if you update your insurer after making the changes. 

When hiring a company to do your roof, make sure you do your research! You don’t want to replace your roof every ten years, defeating the purpose of doing it in the first place. A roof done right should last 20-25 years on average, saving you thousands of dollars in the long run.

What To Expect:

What should you expect from your insurance premiums? Depending on your provider and policy, it could range from 5% to 40% for roof repair discounts. They will look at everything from the material quality, state you live in, and existing weather conditions. But with that said, there are always ways to get your roof inspected for weather conditions, like a wind mitigation test that could help get better discounts. 

You can have your insurance provider send an inspection agent to look at your roof and see if you qualify for those reimbursements. On the other hand, time is your roof’s biggest enemy. The longer you wait, the less likely you are to be eligible for those before they fall under general maintenance, making the repair or replacement cost the homeowner’s responsibility.

Tips For Saving On A New Roof:

The average cost for a roof replacement is $200-$700 per square foot. Also, it is dependent on the size of your roof and the materials you want to use.

When you decide you want to tackle this project, you should do a few things before speaking to a contractor. Decide what materials you want to use. There are a variety of roofing materials that have different longevity, aesthetics, and uses. Certain materials might be better for different climates and provide better quality than others. The four different roofing materials are asphalt, wood, clay/concrete, and metal. 

Once decided, contact more than one contractor to get a quote. You wouldn’t test drive just one car and call it a day, so why would you take one opinion on such a significant investment for your home. Repairing your roof can be an overwhelming prospect, but doing it at the right time of year with seasonal discounts, as well as discounts included in your homeowner’s insurance, can make it much more bearable. For a quote on your roof replacement or repair, contact Reliable Roofing.

Contact us today for your free estimate on any roofing, siding, window or door installation.

Let us know if we can help!

We are qualified contractors looking to help you with your next exterior project.

Request a Quote