Superior Construction

Different factors affect home insurance premiums: the location of your home, any remodeling you or the previous owners may have done, and even your use of a wood-burning stove. They can also be affected by your marital status and your credit score. 

For this article, however, we will focus on a crucial detail that has a tremendous effect on how low or how high your insurance premiums are: the condition of your roof.

Why We Carry Homeowner’s Insurance

It’s not difficult to understand why you need to pay for the insurance that covers your home. In case something happens that causes damage to your home and your belongings, that insurance will come in handy when you repair or replace whatever is destroyed or lost.

In terms of your roofing system, insurance is meant to cover the cost of major roof repair services as well as replacement in case your roof is destroyed through no fault of your own.

Before your insurer covers your roofing system, the company will take into account its materials, its age and its general condition.

The Role of Roof Condition in Insurance Premiums

The condition of your roof helps determine whether you’ll be paying more or less for its insurance. A new roof typically reduces the premium. An older roof, especially one in poor condition, is definitely going to raise it.

The reason for this is simple: a new roof has a much higher chance of protecting your home against the elements, while an older roof that already has leaks is going to do a poor job of protecting your home from more damage.

If you replace your roof, call your insurer to inform them of the improvement. They can then adjust your premium to reflect the new and better roofing system. You’ll be paying less for insurance, one of the best benefits of getting a new roof.

The Role of Roof Maintenance

Regular residential roof maintenance is an important part of ownership that also affects your insurance policy. Most roof material manufacturers back their products with warranties against material defects, but those warranties come with the condition that the homeowner take the necessary steps to maintain their roof. 

The same is true with insurers. They want the homeowner to be diligent in the upkeep of their roof so it stays in good condition for a reasonable amount of time. Some insurers would even refuse to insure your home if the roof is banged up.

Make sure to keep your receipts whenever your contractor inspects and maintains your roof, so you have the documents in case you have to file an insurance claim.

Get in touch with Superior Construction Co. for your roof replacement or regular maintenance. Call us today at (978) 807-1401 or fill out this form. If you need help with your business’s roof, Google “commercial roofing contractors near me” and you’re likely to find us. Let’s get started on your roofing project.