Insuraning A Home That Has A Metal Roof

Every 2 years after 15 years.

Insuraning a home that has a metal roof. Just as a brick or stone home is cheaper to insure than a wood home a metal roof is cheaper than shingles. While the life of a metal roof is much longer investing in a metal roof only makes sense if you plan to stay in your home long enough to enjoy the cost benefits. Adding more insulation during installation usually solves this problem but that may increase costs. Insurers often factor the type of roof and quality of material into their rebuild costs.

Premium reductions are not available for roofs other than qualifying metal roofs which have been overlaid onto existing roofs. If your roof needs to be replaced be prepared for an average bill of 24 700 for asphalt shingles and 40 318 for metal roofing according to a 2020 report from remodeling magazine. A metal roof is more durable and damage resistant than shingles and that translates into less risk for the insurance company to insure. In addition installing a metal roof is a complex process.

When a major storm is coming document the roof s condition before and after. Insurers know that metal roofs are safe and durable so don t expect to pay more for your policy. Metal roofing materials that are attached as large panels tend to expand and contract. There are several carriers however that exclude cosmetic damage to a metal roof whether caused by hail or a falling tree limb.

In some states provinces use of qualifying impact resistant roofing products may qualify for significant premium discounts. Home insurance discounts are currently available in the following states and provinces. There s a lot of room for error so proper installation is a must. There are a few though that won t if it s a tin roof but they tend to be the exception.

If a tropical storm hail hurricane or heavy tornado season are forecast have your roof inspected. Still roofs that perform better will generally cost less to insure because you re less likely to have a claim. Metal roofs and composite shingles. Roofs made of slate tile concrete shingles or metal offer the best protection but also cost the most to replace.