How do insurance companies determine the age of a roof?
How do insurance companies determine the age of a roof?
Roof age is one of four essential factors used to calculate an age-based depreciated value of a roof for insurance purposes. The factors are (a) the replacement cost of the roof, (b) the standard “lifetime” of the roof, (c) the age of the roof at the time of loss, and (d) the condition of the roof at the time of loss. Mar 11, 2014
Why do houses in Florida have flat roofs?
Most commercial buildings, however, have flat roofs. Why is that? It’s because their large square footage and design wouldn’t allow for a slope at the same angle as a single-family home. The roof would be too high, as well as costly. Jul 5, 2019
How much does a new roof save on homeowners insurance in Florida?
If your roof hasn’t been replaced since 2002, replacing your roof may be one of the best ways of lowering your Florida homeowners insurance premiums. You could see a reduction in your premium of anywhere from 15-25%.
