Your Roof - Show it Some Love
Updating your roof might save you money on your insurance
Insurance companies are watching your roof. Why? Because:
Rising Costs: The price of roof repairs and replacements has climbed significantly because of inflation and supply issues.
Labor Costs: Skilled labor has become more expensive, adding to the overall cost of roofing work.
Material Quality: Today’s roofing materials don’t always last as long as older ones, so they may need replacement sooner.
Storm-Related Scams: Unfortunately, some contractors target homeowners after hailstorms with exaggerated estimates or too-good-to-be-true offers. Insurance companies are wary of these situations and their impact on claims.
While many people believe roofs should last 20-30 years, insurance providers are now looking at roofs on a 13-15 year timeline. But here’s some good news: if your roof is new, some insurers offer a discount on your home insurance! However, once your roof reaches the 13-15 year mark, these discounts may be removed, and rates can increase.
As your agent, our advice is to keep an eye on the age and condition of your roof to make the most of any discounts and avoid any surprises with your insurance rates. Regular maintenance, including removing mold, leaves, and tree limbs, helps prevent deterioration and reduces the risk of future claims.
Let us know if you have questions or want to chat about your options.
Wallin Insurance is an independent agency located in Elmira, New York.
