How is Climate Change affecting Roof insurance coverage?

Climate change is bringing a big headache to the insurance industry, especially when it comes to roofs. Here’s how:

More claims, higher costs: Stronger storms, hail, and heavy rains are damaging roofs more frequently. This means more insurance claims and bigger payouts for insurers. They end up passing on these expenses to policyholders through increased premiums.
Coverage limitations: In some areas prone to disasters like wildfires, insurers are becoming choosier about who they cover, or raising deductibles. In extreme cases, they might even stop offering coverage altogether.
Focus on mitigation: To manage risk, some insurers are offering discounts or incentives to homeowners who make their roofs more resistant to weather extremes. This could involve using stronger materials or fire-resistant designs.

Some Insurance companies are even canceling customers whose roofs are in disrepair.

Roof-Rite, Inc can install impact resistant shingles with warranties that have infinite wind speed protection.

Overall, climate change is making it more expensive and challenging to insure your roof. Choose Roof-Rite, Inc to help you save costs with your insurance company and avoid costly insurance hikes with avoidable claims.

Pam Brown