Have you been thinking about switching your homeowners insurance policy to save some money? Before you switch, make sure you do a little homework. Otherwise, instead of saving money, you might end up costing yourself—a lot. Be roof aware before you shop around.
Here are five tips to help you be roof aware before switching insurance providers or policies.
1. Have a roofer check your roof for any damage.
One friend and many of her co-workers decided to switch together to a cheaper policy for home and car insurance. Enticed by the low price offered by an agent who visited their office, they switched on the spot.
Her new insurance company sent a roofer to her home to complete an Age and Condition Report on the roof. Unfortunately, she had hail damage, and her roof needed to be replaced. Because of that, she was uninsurable. Had she filed a claim on time with her previous insurance company or asked a roofer to look before she switched, she would have saved a lot of hassle.
2. Familiarize yourself with your current policy or sit down with your agent periodically to review it.
It sounds mundane, but just knowing the basics of your coverage can really help you, both when rate shopping and if you need to make a claim. Some people switch policies trying to save money only to discover the new policy doesn’t cover the same things as their previous policy.
3. If your roof is five years old or older, have it inspected.
Find an experienced roofer that you trust (and one that’s Haag Certified) to come inspect your roof. Being Haag Certified is an industry-recognized certification that indicates your roofer can effectively and efficiently inspect and assess damage. Also, if you notice that a lot of your neighbors are getting their roofs replaced, it’s a good sign that you should have a roofer take a look at yours.
4. Know your time limit on filing an insurance claim for roof damage.
Many homeowners insurance policies have a time limit for filing a roof claim after storm damage occurs. Usually, it’s two years. Back to our friend’s story above… the hail damage discovered by the new insurance company was more than two years old, which left her on the hook for the cost of replacing the roof.
Many reputable roof companies will do a free or low-cost roof inspection. It’s a good idea to have an annual inspection by a qualified roofer.
5. Can’t remember the date of the storm that hit you? Ask a roofer.
Many roofers, like us, subscribe to a service that archives the dates and details of storms across the country. If you think you might have damage but can’t remember the date, a roofer with this service is your best bet to pinpoint the date for you.
The moral of this story and the reason for these tips? Saving money doesn’t always save you money. Remember to practice the principles of roof awareness so you don’t get stuck with a big bill.