Age Of Roof And Insurance

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Age Of Roof And Insurance – Age is just a number, right? Well, in the world of home owner insurance policies and claims, age matters.

As a homeowner, you know insurance can be complicated—whether it’s for your home, car, or boat. Understanding the various policies can be difficult and filing a claim can often be stressful. That’s why we’re here to share the knowledge of how your roof’s lifespan and insurance go hand-in-hand.

Age Of Roof And Insurance

An “old roof” with one material can still be a very young roof with another. Since most homes are built with asphalt shingles, most shingles are designed with asphalt shingles in mind. But what about other materials like metal or tile?

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The lifespan of an asphalt roof is 15-25 years. You will often see insurance clauses around roofs that are more than 20 years old, and this usually applies to shingle roofs.

Although asphalt shingles don’t have the longest lifespan, they are still the most popular roof in the country due to their low cost and protective properties. It’s also affordable to replace, so that’s a bonus in the eyes of your insurance company.

Asphalt is not suitable for very hot climates because it can age quickly due to heat retention. However, your home insurance rates will not increase if you have an asphalt shingle roof.

Metal roofing is a popular material that shouldn’t raise your insurance rates. It has an expected lifespan of 40-70 years and is an excellent material for all types of climates. It handles rain, wind, snow, and hail very well, and the metal is fire retardant, making it more suitable for wildfire-prone areas than asphalt.

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Clay tile and concrete roofs are more popular in the western parts of the country, but homeowners across the country are taking advantage of these durable roofing materials. Concrete tiles can last 50+ years, while clay tiles can last 100 years or more! This low-maintenance material is resistant to fire, hail, heat and wind, so your insurance company might like the sound of it.

However, one thing to consider is that the cost of replacing a tile roof can be quite expensive. This alone can cause your insurance rates to increase in the event of major storm damage. Also, your home needs a strong foundation to support the weight of the tile roof.

Cedar shake is a difficult property to navigate. Although these wooden shingles offer a great aesthetic element to your home, unfortunately they are highly flammable and are not recommended in fire prone areas. They have an average lifespan of 20 years, subject to mold damage.

You may see higher insurance rates because this material is not the most protective and installation costs are higher than asphalt.

How To Determine The Age Of Your Roof

The good news with natural slate roofing is that it has the longest lifespan of any roofing material. It will last for hundreds of years! If your slate roof is under 75 years old, you may not see higher insurance rates.

However, if the roof hasn’t been replaced in over 100 years, you’ll see higher insurance rates because slate is the most expensive material on the market.

Whether your roof is new, old, or somewhere in between, homeowner’s insurance only covers certain things that cause sudden and accidental damage. Events that damage your property are called “accidents” by insurance companies. Most homeowner’s insurance policies cover the following perils:

You are subject to many types of hazards, but not all. While hurricanes are included in a standard policy, separate policies are required for floods and earthquakes. If you live in an area prone to flooding or earthquakes, be sure to get additional coverage.

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If your roof has been damaged due to something that was not your fault, you should definitely try to file an insurance claim. Keep in mind that older roofs and lack of maintenance can result in your claim being denied.

Older roofs are more susceptible to damage, so your insurance company may have trouble believing that any damage was caused by a storm rather than normal wear and tear over the years. It is your responsibility as a homeowner to keep up with roof repairs and maintenance. If you neglect this responsibility, your insurance company may find that it was your fault rather than an accident.

Alternatively, for roofs older than 20 years, the claim may be accepted, but your insurance company will only pay the “actual cash value” of your old roof. This means that your insurance company will not cover the full cost of replacing the roof, but will only reimburse you for the value of your old roof.

If you want the best chance of an insurance claim being approved, even with an old roof, follow these tips:

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Most insurance companies will not write a new policy on a home with a roof that is more than 20 years old if it fails a professional roof inspection. You need a new roof replacement to renew your policy.

However, 20 years is not the end of everything. The insurance company will also consider any warranty, condition of the roof and regular maintenance. If you pass a professional roof inspection, even on an older roof, you may be fine.

At the end of the day, the best way to extend your insurance coverage and have a better chance of getting your claim approved is to schedule annual maintenance and inspections with a trusted local roofing team like WISA. If you need repairs, our expert crew will have your roof in tip-top shape in no time.

If you need help filing a storm damage insurance claim or would like to schedule a free inspection, contact us today! Learn how to use our quick and easy customer portal to get your insurance certificate and more! Learn more

Under One Roof

Your home does a lot for you: it keeps you warm and dry, it keeps you safe, it keeps all your stuff in one place. Apart from the odd repair or two, it holds up and does its job well.

That’s why it can come as a surprise when the insurance company tells you that your roof is so old that they will drop your homeowner’s insurance coverage unless you get new insurance coverage.

You know to start calling roofers when you have a leak or severe hurricane damage. But the age of the roof and the insurance company’s requirements are usually not considered a reason to replace your roof.

No wonder insurance companies are dedicated number crunchers. They have an entire department dedicated to compiling data on all insurances, including roofers.

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I assure you that your insurance carrier has detailed data on how long the roof is expected to last, the most common causes of roof-related claims, and the types of roofs that are most resistant to damage.

Availability of funds to pay claims depends on the insurance company collecting the right amount of premium (not enough money coming in + too much money going out = bad business). This is why insurance fraud is such a big problem.

If your insurance company can predict—and as much as possible—which roofs are most likely to have claims, they can increase premiums for these “risky” policies and make savings when those claims start coming.

So when they send you a notice to replace your roof or find another carrier, it’s because the age of your roof falls into a “dark spot” in their data that’s too risky for them to insure.

Residential Roofing Specialists

There are two main factors to consider when looking at a roof’s age and insurance needs: the type of coverage and the shape of the roof.

Standard shingles touch each other, giving the roof a flatter, more uniform shape and are expected to last up to 15 years. Architectural shingles overlap each other, giving the roof a more textured three-dimensional look. It is expected to last up to 20 years.

Tile roofs are made of concrete or clay and come in a variety of shapes and textures. Tile roofs are generally stronger than shingles and are rated for a 30-year lifespan.

This does not mean that your architectural roof will begin to collapse after 20 years. But these guidelines have become standard in the insurance industry, so in most cases, the age of your roof needs to be within this range for you to be issued a policy.

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The second thing your insurance company will look at is the shape and slope of your roof. The shape of the roof affects drainage, as well as how much wind speed it can withstand before damage occurs.

Most insurance companies tend to choose a hip roof (where all four sides of the roof slope downward), but a gable roof (where both sides slope downward) will still protect you and your family. Flat roofs are rare in Florida; They are more difficult to insure as they do not allow rain to run off as easily as other types of roofs.

Based on extensive data from insurance companies, older roofs are more prone to serious damage than newer roofs. As building codes and technology evolve, the quality of roofs increases.

For example, secondary water resistance, which

How Your Roofs Age Impacts Insurance & Claims (guide)

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