Does A Metal Roof Lower Your Insurance?

Hint: Metal Has The Best Discount

Metal roofs offer a huge number of benefits for a homeowner thanks to the durability of the material and its ability to withstand hurricane-force winds as well as fire. Discounts on homeowners’ insurance premiums reflect the advantages provided by metal roofing.

Your Florida Homeowners Insurance Policy

It’s no secret that homeowner’s insurance premiums in Florida continue to skyrocket. In 2023, rates jumped up by 40%. Since 2017 Florida has experienced 4 major hurricanes in the State which caused widespread extensive damage to homes and businesses. Wind damage to roofing impacted many homes in the areas that experienced high winds as a result of these storms. In 2023 Central Florida was hit hard by hail storms; hail damage to roofs and vehicles was significant. The resulting insurance claims from these storms combined (estimated to be in the billions) forced many well-known insurers to stop writing policies in the state.

It’s no wonder that the cost to insure your house in Florida has increased significantly. So putting a new roof on your house helps lower your premiums, but when you install metal roofing this makes insurers very happy for a number of reasons. The short list of reasons are:

• Resistance to wind
• Fire resistant
• More resistant to hail damage
• Less maintenance
• Resistant to storm damage
• Fewer roof repair claims

How Your Roof Affects Your South Florida Policy

Currently, many home insurance companies in Miami and Broward counties are refusing to provide coverage for old roofs no matter the roof’s condition. For those homeowners who want to protect their home with insurance or those who have a mortgage, it is a necessity to replace their roof.

Does a Metal Roof Reduce the Cost of Insurance?

Putting a new roof on your home will definitely lower the cost of your homeowner’s insurance. But a metal roof will provide the best insurance discount.

Insurance Discounts for Metal Roofs

What are the actual insurance discounts for metal roofs a Florida homeowner can expect? It is usually in the range of a 15% to 25% reduction when compared to other materials.

Why would an insurance company do this? Because they know that metal roof-related claims are much fewer and that a properly installed one will provide optimal protection from water and wind damage. This allows them to charge lower insurance premiums because it is profitable to do so.

Impact-resistant roofs

Metal is a naturally impact-resistant roofing material because it doesn’t crack like tile when hit. While the panels might get dented, it is unlikely that the damage will cause water intrusion. Concrete and clay tile when hit will crack, allowing water through to the deck. If this is not taken care of quickly, it will result in additional damage which can lead to an expensive insurance claim. If the storm damages are left untreated by the property owner for too long, the insurance company won’t cover it. Metal roofing greatly reduces these types of problems and the unforeseen cost of repairs.

Other Benefits of Metal Roofing Materials

Apart from aesthetic appeal, metal roofs have less maintenance and last significantly longer than other roofing materials like asphalt shingles or clay tiles. Replacing your old roof with a new roof using material from a quality metal roofing supplier will save money in the long run even though the actual cash value of a metal roof is higher than other roof replacement types.

Decreased roof repair costs, improved energy efficiency (lower energy costs), maximum water intrusion protection and insurance policy discounts mean that the longer the homeowner owns the property, the better the value a metal roof becomes.

More Sustainable Than Alternative Materials

Metal roofs are considered to be more sustainable than most other roofing materials. The reason is that when the life of the roof has expired the metal roof is 100% recyclable. Also, energy savings are a big factor in metal roof sustainability. Home owners can expect to see reduced cooling costs to their homes. Saving money on utilities with energy efficient roofing is a big plus.

Lightweight option for use on different home types

One of the additional benefits of most metal roofs is that they are lightweight. This means that they put less weight on the deck and trusses than shingles or traditional tile, extending the lifespan of the underlying roof structure. The weight of tile on top of a roofing structure that has even minor water damage will warp the deck and the structure.

Taking Steps to Protect Your Roof

It is important for homeowners to get their roof in proper condition if they want insurance coverage that’s in place and affordable. The best place to start is a roof inspection that will detail the roof’s current condition and its expected life span. The next step is to determine if a metal roof is within the budget. ASP SuperHome has a ton of financing options for your metal tile or standing seam project so give us a call today!

Florida Home Insurance Roof Requirements Are Important

Finally, talk to your insurance agent today in order to get the most accurate price quotes on what you will save on insurance premiums by investing in a metal roof for your home or building renovation. Get a quote from a high-quality metal roof provider like ASP SuperHome and see why metal is superior to every other roofing material. The initial cost to install a metal roof is higher than shingles, but the long-term savings due to the many benefits of metal roofing and its long lifespan make it a wise choice. Give us a call and Let Our Family Protect Yours!