An article posted on FoxBusiness.com explains how roofing quality affects a householder’s home insurance plan. The basic premise of the correlation between roofs and insurance is that the more damage-prone a roof is, the costlier the home insurance becomes.
“The roof is the first layer that wind, hail, wildfire and other hazards really begin to act on,” says Tim Reinhold, chief engineer at the Insurance Institute for Business and Home Safety, an independent, nonprofit research organization based in Tampa, Fla. “In more than 90% of hail or high-wind claims, there is a payout relative to the roof cover.”
With insurance, a lot rides on your roof
Because insurers have a vested interest in your roof, they price your home insurance accordingly, based on the soundness of its construction and what it will cost them to replace it. Note also that premium incentives and disincentives for roof types vary widely by company and location.
The issue of insurance aside, homeowners should definitely go for roofing that’s extremely durable and long lasting. Sturdy and efficient roofing products will serve homeowners well by capably defending their property from the elements and possibly reducing the monthly utility bill, as well. Thankfully, expert roofers in Virginia Beach such as The Roofing and Remodeling Company can help replace existing roof structures with stronger materials.
Many roofing materials are touted as tough components, although some are naturally more resilient than others are. Some of the tougher roofs available are those made from slate and metal. Although nearly indestructible and requiring little maintenance, these materials can be a little too costly for those on a tight budget. Fortunately, there are affordable alternatives such as asphalt and composite shingles, which are quite hardwearing and reasonably priced.
Roofing companies can be enlisted to install quality Virginia Beach roofing on homes. Old and worn shingles can be replaced with materials far more superior, which should further enhance a home’s protection from the weather. When choosing between materials, homeowners should consider the aesthetics and durability of the materials, as well as how using them will affect the environment. Stronger roofs should also make home insurance costs go down as well, so homeowners should seriously consider swapping their old roofs if they feel that they’re paying too much for indemnity.
(Article Excerpt and Image from 5 Roof Types and their Home Insurance Impacts, Fox Business, Published November 13, 2013)