Given the increasingly erratic weather patterns around the country, home insurance has become a necessity for homeowners. Some, however, are still hesitant about getting insurance coverage due to the costs.

We strongly recommend getting home insurance, as the benefits far outweigh the initial costs. Keep in mind these costs aren’t fixed, as various factors, including the condition of your roof, can lower or raise premiums. Read on as Timberline Roofing & Contracting, one of the top siding contractors in the state, lists the factors that can affect your home insurance rates.

The Age of the Roof

Insurance companies will usually give discounts for newly installed roofs or those under 10 years old. That’s because these roofs are less likely to suffer any damage in the short term. Conversely, older roofs will get higher insurance rates because they’re more leak-prone.

Roofing Materials 

The kind of roofing material used matters as well. In general, the more expensive the roofing material, the higher the insurance rates. This is because it will be more expensive to repair or replace these materials.

Climate Conditions 

Insurance companies also charge higher premiums for materials not suited to the climate conditions in your state. Dent-prone roofing material, for example, would be charged higher rates in areas where hail storms are not uncommon. Conversely, hail-resistant roofs in areas frequented by hail storms would get lower premiums.

The Current Condition of Your Roof 

Keep in mind that before your home can get insured, the insurer will send an inspector to check your roof’s current condition. They’ll identify roofing issues, which you’ll have to fix within a predetermined period. Only then will they approve your policy application.

If you manage to get approved and need to file a claim, it would be a good idea to see if any of your local contractors offer assistance for roof insurance claim applications. Filing a claim can get complicated, but having a contractor who can walk you through the process can make things easier.

Just make sure you’re working with a reputable contractor. Don’t have time to do a background check? Check if any of your local contractors have certifications awarded by the Better Business Bureau, a non-profit organization that rates companies according to their adherence to ethical business practices.

Timberline Roofing & Contracting is a BBB-accredited contractor. We offer premium roofing, siding and replacement windows options. To get a free estimate, call us at (612) 263-9700 or (507) 200-8880. Or you can leave us a message on this form. We serve homeowners in Minneapolis, MN.