If you are looking to repair, replace, or recover (not recommended) the roof on your home or business you definitely want to talk to your insurance agent before doing anything. Why? Because depending on the job you choose and the material you use may give you the extra benefit of a discount from your insurer or may negatively impact your current coverage.
The actual amount of discounts varies for each class of roofing material (class 1, 2, 3 or 4 products) and between insurers themselves. Like with any type of insurance you will want to do a little shopping. To qualify for any credit for your roof covering, the material must have been tested by an approved laboratory and have passed the UL Standard 2218 test. Class 4 roofing material will receive the highest premium credit. So as you contact various contractors and suppliers you will want to check if what they are offering meets the UL Standard 2218 criteria. Be careful because some roofing materials may be impact resistant but will still not qualify for a discount without having been tested by an approved laboratory.
Roofing materials that qualify can be almost any form such as shingles, tiles, shakes, sheets and metal. Some insurance carriers offer additional discounts for Class 4 roofs and for putting on hail resistant roofing. Of course, the amount of discounts varies depending on the location of your property. This is the reason to shop insurance companies before ordering your roof work done. For instance, putting on a flat roof without having any warranty could really negatively impact your current coverage.
Since you are talking to your insurance carrier it might be a good time to review your coverage and make sure you are getting all the discounts to which you are entitled. For instance, setting up maintenance programs not only for your roof but for other areas of your home as well may qualify. Setting up alarm systems to secure the property and keep your home secure may bring a discount. Installing deadbolt locks, locks to your garages, storage buildings can save you money. Having fire alarms, carbon monoxide alarms, fire sprinklers and fire extinguishers all can contribute to helping you get another discount.
You will want to make sure your home qualifies for not only coverage but any discounts to which you may be entitled. Checking on potential discounts for putting on a new roof is a great door opener to determine what other discounts for which you may be allowed. Now go get that new roof.