A roof is the highest part of our house tends to be insignificant to many people.  If roof repair is concerns don’t arise unless damp spots or leaks become evident.  A roof however impacts a home insurance policy more than what most of the homeowners think.

How the Condition of Your Roof Affects Homeowners Insurance?

Save insurance through discount

Insurance companies considered the age of the roof, regardless of the age of the house. Roofs 10 years old or less are likely to acquire discounts, since it’s generally in good condition with reduced likelihood of leakages. Discounts or credits are also provided for hail resistant roof material, including concrete, metal, tile, slate, or fiberglass shingles.

Increased cost of insurance

You can determine the insurance costs by the age and type of roofing material. For roofs 15 years old and beyond, most insurance companies either raise the wind or hail deductible to certain percentages or only insure the roof for actual cash value rather than cost of replacement.

Insurance Policy Declines and Non-Renewals

The policy which has been written by an insurance company is followed through with home inspections to assess the home’s current condition.