My Roof is FINE ~ It’s not leaking! Why does that affect my Homeowners Insurance? As your roof ages, it becomes more susceptible to damage & more likely to cause a claim. Every year your roof lasts, the more wear and tear it sustains and the less life expectancy it has. The insurance industry understands that an old roof is a risky investment. So many companies either won’t take a new client with an older roof or will require a higher deductible or only offer depreciated coverage for the roof (rather than replacement cost) to justify the risk. Why does the insurance company care if the roof isn’t leaking yet? Roofing comes in a variety of materials (Slate, Tile, Metal, Asphalt shingle & flat roofing is a completely different matter) with varying life expectancies. Slate & tile become brittle after many years and have a longer life expectancy, while asphalt shingle may only be expected to last 15 -25 years. An older roof w...
