Home Insurance and a Metal RoofNov 28, 2018
If you are a homeowner, you probably have a home insurance plan. You understand how important these plans are, protecting you, your family, and your property from unexpected damage, natural disasters, break-ins, and other emergencies. On the other hand, you know how expensive home insurance plans can be. There may be a solution to your high insurance woes – did you know that insurance companies love metals roofs?
Homeowners with metal roofs enjoy lower home insurance rates. Metal roofs are durable, fire safe, and long-lasting, a factor that insurance companies do not ignore when calculating your insurance premiums.
How Insurance Companies View Different Roof Materials
When insurance companies are calculating your insurance premiums, they estimate how much your home would cost to repair in the event of a disaster. If you have more durable materials that can withstand these conditions, your insurance rates will be lower. Here’s how different materials stack up:
· Asphalt roofs are common, but decays and cracks easily as well as increases chances of water damage.
· Wood roofs rot and are not fire-resistant, which poses a serious risk of damage in the event of a fire.
· Slate and tile roofs are resistant to fire and rot, but crack easily.
· Metal roofs are durable and fire-resistant, providing the best protection in an emergency.
If your home is more disaster-resistant, your insurance rates will be lower. Insurance companies examine how your roof will withstand certain conditions, such as high winds, snowfall, and rain. Metal roofs are waterproof, which decreases the chance of water damage. They stay put during high winds. In addition, snow and ice shed off metal roofs, reducing the risk of your roof caving in during the winter.
One of the most common home disasters is fire. In the event of a fire, an insurance company will have to pay thousands of dollars to repair a home. The more resistant to fire your home is, the less your rates will be. Metal roofs are completely fire resistant and your insurance premiums reflect this. Insurance companies will often give fire-resistance discounts to homes with metal roofs.
For situations involving hail or another object hitting your roof, your insurance company wants to know if your home could withstand the damage without needing major, expensive repairs. Many companies give impact resistance discounts to homes with a metal roof, since they are the most durable. While extreme hail can damage any building, hailstorms will usually just bounce off the metal roof. With less durable materials, the roof can crack, or the hail can make holes in its surface, requiring expensive repairs.
Are you ready to make an investment in your home’s future? Contact Erie Metal Roofs today to learn more about our premier and customizable metal roofing services. We provide top-quality metal roof installation to homeowners in Michigan, Ohio, Pennsylvania, Iowa, Missouri, and New York.