25 Oct Roofing Factors that Affect Homeowner Insurance
Sometimes do you wonder why your home insurance rates are more than what your neighbor pays? Well, many factors are considered when defining the rate. Some of them are regional, historical, or even personal. If you know the reasons behind the higher rates may help you save some money. In this post, we are delving on how your roof affects your homeowner’s insurance.
Everyone knows that the roof plays different functions. It protects the entire structure, and as such, its age and quality are a paramount part of your insurance policy.
Age of Your Roof
When purchasing homeowners insurance, the age of your roof and its current condition go into the account. There should be careful inspection of the roof and how it connects to your homeowner insurance policy. Find out if you need to replace the roof or do a major repair. If you compare the quotes before purchasing the home, you will get an idea of the age and condition of the roof and how it might affect your insurance rates.
If you own a home and have insurance, you have to know the age of the roof and its conditions. Ascertain if the materials of your roof affect your premiums. More so, identify if the roof replacement or protecting it from natural disasters will lower your premium.
Location of Your Home
Another factor is the location of your home because it affects the condition of your roof. Some extreme weather conditions can affect the condition of your roof over time and can affect your access to policy. This becomes a worthy factor to consider when looking for a home to buy. Heats are natural and cannot be avoided, and at the same time, heavy downpours and strong winds can put the integrity of your roof to test. As such, it is crucial you need to know the entity that installed your roof.
Using Cheap Materials
If you are a DIY person, using cheap materials to replace or build your roof can affect your homeowner insurance. Some of these insurers are very keen especially when it comes to cedar shingles and other highly inflammable things and may consider them when deciding your insurance rate. Most importantly, find out why the house has been listed for sale. You get to know if it is being vacated due to damage, or defects caused by natural extreme weather conditions.
The Type of The Roof
Sometimes if you are having problems with the homeowner rates of your new home. It could come from the type of the roof that you have. Different roofs have different resistances to extreme winds. The two roofs, hip roof, and gable roofs are different, where the hip roof is more stable and resistant to extreme winds. As such, you can get a premium discount with it as opposed to when you have a gabble roof. Some of the houses that have combined both roofs sometimes are guaranteed partial credit for the hip roof.
Top solve any future problems, it is better to have a full inspection of the roof and reduce the chances of rejection when searching for a policy from your insurance providers.