How Your Roof’s Condition Affects Your Insurance Premiums

A home insurance policy is a good asset to have, providing you with security should your property sustain damage for whatever reason. However, to keep up with your home’s insurance coverage, you need to pay premiums, and according to experts, just how much you have to pay can depend on your roof’s current condition. 

How Your Roof’s Condition Affects Your Home’s Insurance Premiums

According to roof replacement pros, the state of your roofing system can easily affect the premiums of your home’s insurance policy. In fact, a new roofing system is said to typically see a reduced premium while older roofs will see an increase in their monthly fees. Apart from that, if your roof is too old and your insurance provider notices, they may even decide to drop your policy entirely. This is because newer roofs are better protected against the elements while older ones face a greater risk of sustaining damage. As such, it’s best that you keep your roof well-maintained and have it replaced if necessary.

For assistance in maintaining your home’s roofing system, don’t hesitate to turn to the residential and commercial roofing pros of The Great American Roofing Company.

Other Factors That Affect Your Home’s Insurance Coverage

Of course, your roof isn’t the only thing that affects your home’s insurance premium. For example, how near your home is to a fire department can easily reduce or increase your insurance premiums; a house that’s located near a fire department can see a reduction in their fees as there is a place nearby that can put out any fires that break out much quicker. Other than that, the overall age of your home as well as having a pool or hot tub can also affect your insurance premiums.

Is your home suffering from a roof leak? Simply turn to The Great American Roofing Company, the leading professionals to turn to when it comes to residential and commercial roofing services. Give us a call at (201) 825-2955 or fill out our contact form to request a free quote.