Your roof exists to beautify your home and provide you shade. Besides keeping your indoor spaces dry and providing protection from wind, hail, and UV rays, it is essential to your house’s overall energy efficiency. Another thing that your roof can affect is your insurance rates.
One of the area’s most trusted local roof repair contractors explains how.
How Can Your Roof Affect Your Home Insurance Rate?
Depending on the state of your roof, it can reduce or increase the rate of your home insurance. Sometimes, it can even void an insurance policy or be in the way of its renewal. The age and material of your roof can reduce the price of your home insurance.
Why Do Some Insurers Offer Discounts?
Many insurance providers are offering a discount for residential roofing systems below a decade old, no matter the age of the house. Insurers offer this discount because they know these roofs have a lower chance of leaking and are usually in good condition. They may even offer further discounts if the roof is made of a hail-resistant material, such as metal, tile, slate, concrete, and fiberglass.
Moreover, roofs made of concrete shingles, slate, tile, and steel panels tend to cost more. The more expensive a roof is, the higher its insured values and premiums are. Since insurance companies are not so fond of fire, they might also give you a discount if you have a fire-resistant roof. Another instance where an insurance provider can offer a discount is when you get a new roof. Home improvements, such as roof replacement contributes to the longevity, functionality, and structural integrity of your house.
At Advanced Roofing, we have been providing superior roofing services for nearly three decades. We also specialize in commercial flat roof repair and replacement services. Give us a call at (630) 521-3573 or fill out our contact form to get a free estimate. We work with clients in Naperville, IL, and nearby communities in Illinois.