Homeowners insurance will pay for roof damages caused by covered perils, such as fire, hail, windstorm, vandalism, etc. However, your roof has to meet certain requirements to get comprehensive coverage through homeowners insurance. Do you know what are they? Let us discuss them.
Roof Requirements for Homeowners Insurance
Whether or not your roof will be covered by homeowners insurance depends on various factors, including:
- Age – A new roof costs less to insure, whereas a 20-year-old roof will not be covered or covered only for its actual cash value.
- Shape – Roof designs and shapes can increase their risk of getting damaged, thus inflating premiums.
- Condition – Your roof must be in a fair condition without signs of wear and tear.
- Material – Different materials have different qualities, durability, and capacity, and the cost of insuring them will vary accordingly.
How Roofing Materials Affect Insurance Cost
Here are the different types of roof materials and their effect on the insurance cost:
- Slate/TileTile can easily crack, but it has high-quality insulation that can prevent burning or rotting. Slate can resist insects, decay, and fire, and also requires less maintenance. Their durability can help lower home insurance premiums.
- Asphalt ShingleThough it is durable and cost-effective, asphalt shingles can easily decay, costing more to insure.
- Metal (Copper, Zinc, or Steel Alloy)Metal roofs are fire-resistant and can last for 40-70 years, thus decreasing your insurance costs.
- WoodWooden roofs made of shingles are susceptible to fire damage, so you may have to pay higher premiums or may even be denied coverage until you apply a fire-resistant protectant on your roof.
How the Age of the Roof Affects Insurance Cost
New roofs will usually look and perform better, so you won’t have any issues in getting them covered at affordable rates. However, older roofs are more susceptible to water damage, leaks, damaged/worn-out shingles, etc, which can either cause costly repairs or further deteriorate your roof’s condition.
If your roof is 20 or more years old, your insurance provider may:
- Perform a roof inspection before providing coverage
- Offer only actual cash value coverage
- Deny coverage sometimes
How the Shape of the Roof Affects Insurance Cost
Here are the different roof shapes and how they impact your insurance premium:
- Hip Roofs – They have four sides and usually cost high. However, they are resistant to windstorms, thus costing less to insure.
- Gable Roofs - Resembling an inverted V, these roofs are susceptible to winds, so you may have to pay higher premiums.
- Flat Roofs – Due to problems such as standing water, susceptibility to damage, and short lifespan, flat roofs cost more to insure.
Simple Yet Professional Tips on Roof Maintenance
Maintaining your roof in top shape can help you be eligible for comprehensive roof coverage under your homeowners insurance.
Follow these tips to maintain your roof in prime condition:
- Schedule a regular roof inspection to detect and fix damages before they aggravate.
- Keep your roof clean.
- Trim tree branches that are near or above your roof to prevent damage.
- Replace damaged/worn-out shingles to prevent water damage.
Protect Your Roof with the Right Insurance Coverage from Little & Sons
If you are looking for affordable homeowners insurance that includes broad coverage for your roof, contact our team today at Little & Sons Insurance Services. We will help you find the right coverage to protect your roof.