Metal roofing systems offer many benefits that makes them worth investing in. But there’s one benefit that many people don’t think about: how a new metal roof can help reduce homeowners’ insurance premiums.
Metal Roofing and Homeowners’ Insurance
A new roof should be favorable towards your homeowners’ insurance coverage, at least in theory. A new roof, after all, can make the house less susceptible to the kind of damage covered by homeowners’ insurance, such as storm and hail damage.
However, this is not always the case. There are some factors that some insurance providers consider when updating their clients’ homeowners’ insurance coverage. For example, some types of roofing systems are more resistant to damage than others. A wood shake roof is at greater risk of catching on fire than a metal roof. An insurance provider might not approve or even discontinue coverage if the home happens to be located near a wooded area.
Talk to Your Agent or Insurance Provider Representative
Reputable roofers like us will never guarantee that a new roof will automatically reduce your insurance premiums. We can, however, provide information on which features that your insurance provider may find to be favorable and find you the roofing system with the right specifications. Metal roofs have many such features, including the aforementioned fire resistance. Standing seam metal roofing systems are also less susceptible to the type of damage caused by storm, hail and high winds, all of which typically lead to insurance claims.
Ultimately, only your insurance provider knows whether or not your new metal roof will entitle you to a discount. Call your insurance company representative, and ask about the requirements that will help with your insurance premiums. The company may give you a list of specifications, such as minimum wind and impact resistance ratings.
Other Benefits of Metal Roofing
Lastly, don’t overlook other benefits offered by metal roofing systems, such as energy efficiency (savings on your utility bills), longer lifespan (lower lifetime cost and better sustainability) and low maintenance requirements (savings from fewer maintenance appointments). All of these can result in long-term savings, which can potentially reduce your insurance premiums.