Will you get a discount on your insurance if you get a new roof?

by Dodie Stark

INSURANCE DISCOUNTS FOR NEW ROOFS

Some insurance companies will provide discounts to homeowners after they’ve installed a new roof. It’s a easy as providing your insurance with the paid invoice from your roofing company.

Photo by Living Stone Design + Build

An asphalt shingle roof that’s 15 years old is more prone to leaks simply due to the fact that it’s near the end of its lifespan and has taken the brunt of 15 years of weather. For this reason, insurance companies see older roofs as high-risk since homeowners are more likely to file a claim for damage, which results in a higher insurance premium.

A newer roof is less likely to be susceptible to weather damage simply due to the fact that it’s new. Different states and different insurance companies have their own discounts for new roofs, so you’ll want to consult with your insurance agent to determine how much of a discount you can receive as each insurance company has their own set of requirements for what qualifies for a new-roof discount.

(State Roofing)