As your local insurance advisor, Cooper Chapman is here to help you protect your home and maximize your savings. Many of our clients have been able to lower their homeowner’s insurance premiums significantly by upgrading to a new roof.
Why a New Roof is a Smart Financial Move
Your roof isn’t just the first line of defense against the elements—it plays a significant role in your homeowner’s insurance. The better condition your roof is in, the lower the risk of damage from storms, leaks, and other costly repairs.
Insurance companies love reduced risks, and that’s where the savings come in. Replacing your roof could lead to serious discounts on your premiums.
Big Savings are Possible
You might be surprised that you could save as much as 35 percent on your homeowner’s insurance with a new roof. Those savings could grow even higher if you choose impact-resistant materials or wind-mitigation features. The National Association of Insurance Commissioners notes that features like hurricane straps, roof clips, or impact-resistant materials may qualify for additional 10 to 15 percent insurance discounts.
And these aren’t just one-time discounts; they provide financial benefits for years to come when you don’t have to make fixes after storms. Studies show that 30 to 40 percent of homeowners’ insurance claims are related to wind and hail damage, often exacerbated by older, weakened roofs.
Real Clients, Real Savings
Consider John, who replaced his roof with impact-resistant materials. His insurance premium dropped by 20 percent immediately. He told us that these savings were one of the primary reasons he moved forward with the project.
Sarah, another client, installed a new roof before selling her home. She called us to inquire about the impact this investment could have on her premiums, and the savings were significant. Not only did she save money on insurance, but the lower premiums became a key selling point that helped her close the deal faster and at a better price.
The 2023 Remodeling Cost vs. Value Report shows homeowners can recoup up to 60 to 70 percent of the cost of a new roof at resale, in addition to the immediate insurance savings.
Why It’s Important to Review Your Policy
Before you get started with a new roof, let’s chat about your policy. Ensuring your coverage is aligned with your new roof investment is essential. We can guide you through what changes might be necessary and how to ensure you’re getting the most out of the available discounts.
Keep Your Documentation
When you install your new roof, remember to save all your documentation. The type of materials and safety features you choose can unlock insurance discounts, so having these details ready when you update your policy is crucial.
Get Started on Savings Today
Let’s discuss your options if you’re curious about how much you could save with a new roof. We’re here to help you every step of the way—from understanding the right materials to maximizing the insurance benefits.
Click HERE for a free insurance review or call us at 864.834.2775 to talk through your homeowner’s insurance today.