If you have ever wondered whether to install a new roof, remember there are a number of factors to consider. A s a homeowner you need to manage the costs of your property. And you may wonder does a metal roof reduce the cost of home insurance? Well read on to learn when and how this might be the case.
Does a metal roof reduce the cost of insurance?
If you want to replace your old roof with a metal one, remember metal roofs can lower your homeowner’s insurance by 25%. Additionally, metal roofs will lower your cooling and heating costs with energy savings of up to 15%. In fact, installing a metal roof is considered to be a major investment that offers massively good benefits.
Suppose you are considering getting metal roofing for your home; you may be entitled to a homeowner’s insurance premium reduction of more than 25%. However, your insurance premiums will be calculated based on your personal circumstances. It is essential to understand that not every insurance company will lower your insurance even if it makes sense for them to do so.
Lately, insurance companies have started to offer policy discounts for impact-resistant roofs that have a Class 4 rating. Most metal roofs are classified as having a Class 4 impact resistance rating, but it is critical to verify that UL 2218 testing has been done before buying metal roofing panels. You can always ask your metal roofing supplier whether the metal roofing is UL 2218 certified.
Metal roofs – Are they worth it?
Metal roofs are considered to be a smart choice for many Florida homeowners for good reasons. With the highest wind resistance rating of any roofing material, metal roofs do not absorb water or moisture, do not crack or peel under the sun, and last up to four times longer than traditional roofing materials.
While the initial cost of a metal roof is higher than most other roofing materials, you’ll end up saving money in the long run. They come with a 30 to 50-year warranty and could save you the cost and trouble of ever replacing your roof again. Metal roofs require less maintenance because of their durability. They are also a better choice for the environment and may lower your energy costs. Typically, metal roofs have a minimum of 25% recycled content allowing them to be included on listings for “green” and recycled content products. When removed as part of building renovation or demolition, metal roofs are also 100% recyclable.
Florida homeowners insurance policy
Florida homeowners insurance helps pay to repair or rebuild your roof if it is damaged by a covered loss. A typical policy would include structural damage from fire, leaks, water discharge, fallen trees, or a storm.
If you live in Florida and haven’t had your roof replaced since 2002, it may be a good time to do so. It is certainly the best way of lowering your Florida homeowner’s insurance premiums. You could see a reduction in your premium of anywhere from 15-25%. However, you will most likely need to order a Wind Mitigation Inspection form. Then you need to submit it to your homeowner’s insurance carrier. Notify your insurance agent concerning any updates that you make to your house because they might provide you with savings.
Summary – When a metal roof can reduce the cost of insurance
When it comes to Florida home insurance policies, there are several factors to consider. The main factors are the location of your house, the age of your house, and the shape and age of your roof. For example, a flat roof is among the worst roof shapes that you can have regarding Florida homeowners insurance. However, a metal roof can have some bearing on the cost of your home insurance.
FURTHER READING ON ROOFS & HOME CARE FOR HOME OWNERS
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