Insuraning A Home That Has A Metal Roof

Metal roofing materials that are attached as large panels tend to expand and contract.

Insuraning a home that has a metal roof.

Premium reductions are not available for roofs other than qualifying metal roofs which have been overlaid onto existing roofs. Insurers often factor the type of roof and quality of material into their rebuild costs. There are a few though that won t if it s a tin roof but they tend to be the exception. Metal roofs can be noisy especially during a heavy rain or hailstorm.

In addition installing a metal roof is a complex process. Adding more insulation during installation usually solves this problem but that may increase costs. Metal roofs and composite shingles. Insurers know that metal roofs are safe and durable so don t expect to pay more for your policy.

While the life of a metal roof is much longer investing in a metal roof only makes sense if you plan to stay in your home long enough to enjoy the cost benefits. A metal roof is more durable and damage resistant than shingles and that translates into less risk for the insurance company to insure. There are several carriers however that exclude cosmetic damage to a metal roof whether caused by hail or a falling tree limb. If a tropical storm hail hurricane or heavy tornado season are forecast have your roof inspected.

Metal roofs cost about 500 per panel which adds up. Every 2 years after 15 years. Most home insurance companies will write a home with a steel or metal roof. Still roofs that perform better will generally cost less to insure because you re less likely to have a claim.

In some states provinces use of qualifying impact resistant roofing products may qualify for significant premium discounts. There s a lot of room for error so proper installation is a must. If your roof needs to be replaced be prepared for an average bill of 24 700 for asphalt shingles and 40 318 for metal roofing according to a 2020 report from remodeling magazine. Home insurance discounts are currently available in the following states and provinces.