Can the type of roof you have save you money on home owners Insurance?
Yes, certain roofing materials can help save money on insurance in Oklahoma. Insurance companies often offer discounts for roofs that are more resistant to damage, particularly from severe weather conditions like hail and wind, which are common in Oklahoma. Here are some roofing materials that can potentially reduce insurance premiums:
1. Impact-Resistant Shingles
Impact-resistant shingles, often rated as Class 4 by Underwriters Laboratories (UL), are designed to withstand hail and other impacts without significant damage. These shingles are typically made from asphalt, metal, or polymer-modified materials. Insurance companies may offer discounts for roofs using these shingles because they reduce the likelihood of claims related to hail damage.
2. Metal Roofing
Metal roofs are highly durable and resistant to weather conditions, including hail, wind, and fire. They tend to last longer than traditional asphalt shingles and require less maintenance. Due to their durability, metal roofs can lead to lower insurance premiums.
3. Slate and Tile Roofing
Slate and tile roofs are known for their longevity and resistance to fire and impact. While they are more expensive to install, their durability can result in insurance discounts. These materials are heavy, so the home's structure must be able to support them.
4. Synthetic Roofing Materials
Synthetic roofing materials, such as rubber or plastic composites, mimic the look of traditional materials like slate or wood but offer enhanced durability and impact resistance. They are designed to withstand harsh weather and can be more cost-effective in the long run. Some insurance companies recognize the benefits of synthetic materials and offer premium discounts.
5. Wind-Resistant Roofing
In areas prone to high winds, like Oklahoma, roofs rated for high wind resistance can qualify for insurance discounts. Materials like certain metal roofs, architectural shingles, and other specially designed roofing systems can provide better wind resistance.
Steps to Take to Ensure Savings
Check with Your Insurance Provider: Contact your insurance company to find out which roofing materials qualify for discounts. Each company may have different criteria and available discounts.
Choose Certified Products: Ensure the roofing materials you choose are certified by relevant authorities, such as UL for impact resistance.
Proper Installation: Proper installation is crucial for the effectiveness of the roofing materials. Make sure a licensed and experienced contractor installs your roof according to the manufacturer's specifications.
Documentation: Keep documentation of the materials used and the installation process. This can help when applying for insurance discounts.
Regular Maintenance: Maintain your roof properly to prolong its life and maintain its resistance to weather conditions. Regular inspections and timely repairs can prevent damage and claims.
Conclusion
Investing in impact-resistant, wind-resistant, or other durable roofing materials can lead to savings on insurance premiums in Oklahoma. It’s essential to communicate with your insurance provider to understand their specific requirements and available discounts. While the initial cost of these materials might be higher, the long-term savings on insurance and reduced likelihood of damage can make them a cost-effective choice.
