As the first line of defense for your home, your roof is vitally important to protecting it from the elements. And, that’s precisely why home insurance companies will pay particular attention to what kind of roof you have and what state it’s in when they determine what rates to charge you. Older, deteriorating roofs pose a higher risk and will, therefore, garner higher fees. Having an old roof replaced with a new one can certainly help reduce your home insurance rate, but by how much? That depends on the type of roof you have installed.
Asphalt Shingle Roofs
Asphalt roofing is the most popular option due to its low cost. But, you may not see much reduction in your insurance rate with an asphalt roof due to its susceptibility to damage from hot weather and strong winds that are so prevalent here in Texas.
Clay & Concrete Tile Roofs
Often chosen for their Mediterranean-style aesthetics, tile roofs are also exceptionally strong — except in cold climates. Some areas of Texas experience freezing temperatures in the winter, which can crack tile roofing. Additionally, tile roofing is heavy and, therefore, requires a structurally sound home. Because of this, a clay or concrete tile roof can actually raise your home insurance rate.
Metal roofing is one of the most durable options on the market, with many benefits including being lightweight. Installed correctly, a metal roof can last a lifetime, protecting your home from the elements decade after decade. With a new metal roof, you can expect a lower rate from your insurance company.
One thing to keep in mind is that your home insurance company will likely not inquire if you have a new roof at policy renewal time, so be sure to mention to your agent that you had a new roof installed to see if you qualify for a discount.
BELDON® Roofing Company offers exceptional roof replacement services, and we install all of the roof types listed above. Contact us today to learn more.