How a New Roof on Your Home May Affect Your Homeowner's Insurance Rates

Insurance Blog

Some of the most common types of homeowner's insurance claims result from damage done to the roof of a home. High winds and storms typically cause damage to the roof of a home, but there are other problems that can lead to claims relating to roofs on homes. If the roof on your home is relatively old, you may want to consider replacing it. Not only will a new roof protect your house more securely, but it could also result in a decrease in your homeowner's insurance rates.

Your Roof Protects Everything

The first thing to understand is the importance of the roof on your home. The roof on a home is the main source of protection your home has against bad weather, storms, rain, hail, snow, and more. If a tree falls on your home, your roof is what stops it from harming the rest of your home. Without a good roof on your home, your home is prone to water leaks and damage and many other types of damages. Because a roof is so important, your insurance company may base your rates on the quality, age, and condition of your roof.

How Your Roof Affects Your Premiums

When an insurance company calculates quotes for your home insurance coverage, they will want to know how old the roof is. If your roof is 10 years old or older, you will pay more for your premiums. If you have a brand-new roof, you will pay less, simply because the risks are much lower that you will file a claim on your home. Because of this, you should notify the insurance company if you replace your roof. As soon as you notify them, they are likely to offer you a discount on your policy, simply because you put a new roof on your house.

Other Steps You Can Take

In addition to replacing your roof when needed, you should also make sure you complete the right types of roof maintenance each year. This can include cleaning your roof, removing debris from your gutters, and having the roof inspected every few years for signs of damage or wear and tear. If you do these things, your roof will protect your home, and there will be a lower chance of you filing a claim on your home insurance policy.

If you are interested in finding more ways to save money on your home insurance policy, talk to a home insurance agent, such as State Farm Insurance: Kurt Riehl. An agent can give you tips and advice to help you keep your policy as low as possible.

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