Texas homeowners may not realize it, but the type of roof you have may actually affect the rates you pay for homeowner’s insurance. Aside from the fact that older roofs are more likely to need repair or replacement, the type of roofing material will sometimes change the amount of your insurance premium.
When an insurance company writes a policy to insure a home, they look at a number of factors including the age of the home, the condition it is in and how susceptible it might be to damage from elements such as wind, rain and fire. The roof is actually one of the most important parts of a house’s structure that insurers pay close attention to when assessing the risk premium.
When it comes to different types of roofing material, insurance companies will look at such factors as how well it will hold up to rain and hail, whether or not it is fireproof and how long of a useful life it may have. If you already have a roof that has not exceeded its useful life, there is not much you can do to change the premiums you will pay. On the other hand, if you need to replace your roof, you may consider some more insurance-friendly types of material. The more likely that you will need to repair or replace your roof, the higher the premium will be.
An asphalt shingle roof is inexpensive but usually only lasts 15-30 years. It is also susceptible to mildew and mold. Insurers do not like this type of roof too much. Wood shingles are attractive on a cottage or bungalow and can last 30-50 years, but they are flawed because not only are they a fire hazard but also prone to rotting, splitting, mold and mildew.
The more expensive metal, tile and slate roofing options are all fireproof or fire-resistant and with proper maintenance can last 50 years or longer. You may get a break on your insurance rates if you choose to invest the money for one of these durable and attractive roofing options.