Your roof is your building's main defense against harsh weather, and your insurance company knows it. They also know that if you have a better roof, you will be less likely to file a claim on your policy. For this reason, many insurance companies give discounts to business owners who choose to put a new roof on their building. However, not just any old roof will do. Insurance companies look at several factors when setting rates. If you want to lower yours, select the following roofing options when you get your new roof.
High-Class Roofing Materials
Insurance companies rate roofing materials with a number system that ranges from 1 to 4, with 4 being the strongest and most secure. Class 4 roofing shingles and materials are designed to withstand hurricane force winds, hail and the fallout from major storms. Roofs built with these materials also hold up better under heavy snow.
If you want to lower your insurance premium, ask for Class 4 roofing materials. You may also want to ask for written proof from your roofing company stating that they used upgraded materials on your roof since many insurance companies require proof.
Secondary Water Barrier
An underlayment or water barrier refers to the material that is laid under the shingles to prevent water intrusion. If you want a discount, select a barrier that is self-adhering or one that has self-sealing attachments. Insurance companies prefer these types of barriers. They also look favorably upon secondary water barriers.
Since insurance companies have different requirements when it comes to water barriers and how they affect their discount policy, it's a good idea to talk to your insurance company before selecting your barrier.
Fire Retardant Materials
Fiberglass-backed shingles have the highest fire rating, while shingles made with organic or eco-friendly materials have the lowest rating. Other roofing materials, such as metal, slate and clay, are considered fireproof and are preferred by many insurance companies. There are also other roofing materials that you can select, such as fireproof felt paper and fire retardant treatments, that will make your roof less flammable.
By selecting roofing materials that are stronger and and more durable, you can create a safe roof that your insurance company will love. If you can prove to your insurance company that your building is safer because of your new roof, you will likely get a discount on your insurance premiums. To make sure what materials qualify under your policy, talk to your insurance agent.
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