The Age of Your Roof Impacts Your Insurance Eligibility

man on roof

Your roof is the first line of defense against a disaster striking your home. Many homeowners have been pushing their roof’s age to the limit. Some homeowners are trying to use their insurance policies to perform basic maintenance on their home. Aging roofs impact more than just one family’s insurance policy – it can affect their financial wellbeing or even impact the insurance market as a whole.

How Long Can the Average Roof Last?

A roof can last anywhere from 8 to 100 years depending on the roofing material. As you can see below, not all roofing material is created equal:

  • Rolled roofing material: around 8 years
  • Asphalt shingles: around 20 years
  • Metal: around 50 years
  • Clay tile: around 100 years
  • Slate: around 150 years

Roof and Insurance Eligibility

Roofing material and an aging roof impacts the eligibility for homeowners insurance. Many insurance carriers in the preferred market will not accept rolled roofing material. In today’s hard market, many carriers are not covering a roof it if is more than 15 years old. The independent insurance advisors at R.C. Keller & Company know which carriers have the strictest guidelines. They can advise you on which insurance carriers will be the best match for your home based on your roof’s age and material.

If Your Roof is Old, Don’t Wait to Replace it

The reasons for updating your roof seem like a no-brainer, but you would be surprised by how many homeowners try to stretch their roof’s age as far as possible. Keeping your roof updated will protect your home from:

  • Leaks
  • Subsequent mold damage
  • Increased risk for house fires
  • Unwanted guests such as rodents or other vermin
  • Reduced energy efficiency

An insurance carrier could deny a roof claim, if they see your roof has made it to the end of its life.

Roof Claim Complications

Home claims have increased nationwide in the recent years; and insurance carriers are trying to put the onus on homeowners to replace their roof themselves and to rely on a roof claim to get a replacement. Roofing companies are likely to walk around neighborhoods after severe weather to talk homeowners into filing wind claims in hopes of getting some work. Talk to your insurance advisor before you file a claim – they are aware of what claim activity you’ve had in the past, or if your insurance carrier is strict about roof claims for aging roofs.

A Final Reminder

The purpose of insurance is to make you whole when a disaster strikes. Is your roof in the condition to protect you against the worst of what nature has to offer? If not, we have great referral partners to suggest. Our team at R.C. Keller & Company is always here to help analyze your policy and provide the best recommendations for your home policy to prevent a financial disaster.

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