18 Jul Are Your Roof Insurance Premiums Up?
The roof is the most costly and largest part of your house, especially for roof insurance companies. Its large size and costs associated with it being your first line of defense against the weather are the main reasons. Your roof insurance rates will also be affected by environmental factors and roof age. This makes your roof an important part of how you calculate your insurance.
It is a cost that you can control, however. Your roof is the most important thing that can increase or decrease your insurance costs. You owe it both to your wallet and yourself to make sure it’s in good shape!
Your Roof Is More Than Your Roof
Your roof insurance company has an interest in your roof, and that shows in their pricing. The roof insurance company is responsible for paying for any damage or loss. They will consider not only the age of the item but also its condition, maintenance cycles, as well as how much it will likely cost to replace it. Although this will vary depending on the company and the location, you can get the idea of why they are so strict.
The Environment & Roof Types Play A Large Part
If you live in an area that is prone to wildfires and have a wood shake roofing, your roof insurance policy will be more expensive than those with fire-resistant metal roofs. It doesn’t sound fair, but when you consider the risk, can you blame them for not being fair? Before you decide on the type of roof that you want to replace or build, it’s a good idea for your homeowner’s insurance agent to speak with you. Rates can vary widely.
It is important to choose the right type of roof for your area to protect your investment and to prepare for the unexpected.
Insurance Costs Are Always Higher For Older Roofs
It doesn’t matter how beautiful your roof may look, even if there has never been a single sign of a roof leak or a shingle that is out of place. If your roof is older it can affect your insurance rates as well as your payout if a problem does occur.
Fact is that shingles and roofs age faster than other materials, making them less efficient at routing water around your home. Damage to the roof can cause damage to other areas of your home, and eventually the foundation. This can lead to serious financial problems.
Older roofs may pose a problem when you are looking for roof insurance. This depends on where you live and what company you have. The roof insurance company may cover the actual value of the roof, not replacement costs, if the roof has reached or exceeded its expected lifespan. An older roof will always cost more than a newer one.
Do Your Own Research And Carefully Read Your Policy
It’s important to understand what your insurance covers. Also, what you can do about lowering your rates. This will prevent you from being surprised when you need to file a claim.
Discuss your plans with your KCG Roofing And Carpentry before you make the decision to replace it.
KCG Roofing has the experience and expertise to replace or repair your roof with quality materials and excellent craftsmanship. We have been family-owned and operated for over 40 years. We service a multitude of areas in West Central Florida including Anna Maria Island, Plant City, Apollo Beach, Bradenton, Brandon, and Seffner, Ellenton, Gibsonton, Longboat Key, North Port, Port Charlotte, Valrico, Palmetto, Punta Gorda, Riverview, Sarasota, Sun City Center, Tampa Bay, Venice, Lake Whales, and all points in between! While most of our business is residential, we also handle commercial roofing projects. Check out our 5-star reviews and be sure to contact us today for your quote!