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Thread: Roof age and insurance

  1. #1
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    Default Roof age and insurance

    Hello,

    I am relocating from CO to FL. I am moving to the Orlando area about 20 minutes from Disney World. I called my current insurance company, and they refused to insure the new home. They asked me many questions, and finally when I told them the roof was 16 years old, they said they wouldn't insure a home with a roof older than 15 years.

    I was planning to replace the roof anyway. The inspector said it would meet minum FHA requirements but highly recommended I replace the roof for insurance reasons. I thought that sounded strange.

    Most roofs have a 25 year warranty, at least on materials. I was also considering spending more to install a rubber tile roof with a 50 year warranty. They are also hail and fire resitant. I was thinking this would reduce my risk and the risk of the insurance company as well.

    Now I am wondering if an "A" rated insurance company would ever deny a claim because I have a roof that is more than 15 years old. In that case I would have to replace the roof every 14 years I live there to insure that I was paid in the event of a problem. I might as well just put the cheapest shingle roof on that I can.

    Any thoughts or advice on this?

    Thanks



  2. #2
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    If you are in a vulnerable area by hail, is likely to be thinner than the list of specialists. Suffice it to reflect on the damage caused by hail in recent years and will be more than happy to come and give an estimate.

  3. #3
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    The insurance comapny usally needs about 10 impacts or areas of damage in a "test square" on any elevation they are being asked to replace. Of course, if multiple elevations face the street, or if more than 50% of the roof is "damaged" then it is common to ask for these additional elevations. Age will usually only play a role insomuch as the roof will be more likely to have damage as it ages from a covered event.

  4. #4
    New User Level 0 Davin's Avatar
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    You better replace that roof for the safety of yourself not for getting insurance . Never compromise on safety . Many builders gave 25 years roof guarantee but there never is a 25 to a roof .

  5. #5
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    Hey wait, that one's rather a little odd. As far as I know, most insurance companies cover the entire usable age of a roof. Maybe it's due to the unique natural conditions that are present in your area.

  6. #6
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    The claims for hail damage caps are growing. If you live in an area where you can get the form of granules of large size can cause damage to the roof, you want to know how and when to submit an insurance claim for damages.

  7. #7
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    I am currently buying a house and had an inspection done. The inspector says the roof is in good condition but gave an older estimate of the roof..

  8. #8
    New User Level 0 Dominik's Avatar
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    Hello guys....!
    I think they won't deny a claim due to the age of the roof (which is why they have guidelines on writing the policy) they simply won't offer the insurance or renew the policy....?

  9. #9
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    Different insurance companies have different guidelines when it comes to the age of the roof. Some companies will allow up to 20 years on a roof where most require the roof to be 15 years old or less. This also depends on the type of roof. These rules usually apply to regular composition roofs where tile roofs generally have a longer roof life and some companies will allow up to 50 years on the tile roofs. Some companies will accept composition roofs over 15 years old if the roof is in excellent condition for the age but, doing so on an exception basis. You may want to call around a little more to find a company that doesn't have such strict guidelines. Then, once you have the coverage, get the roof replaced. Underwriters also know that just because a roof has a 25 year warrantee, that it doesn't mean the roof is going to last 25 years. Not every homeowner keeps up on roof maintenance.

  10. #10
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    Shop around, someone will offer you coverage.
    Last edited by Randy in Vancouver; 03-19-2011 at 12:52 PM.

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