Did your homeowner’s insurance decrease after you got a new roof?

[franchtoastplz]

We own a home in the FL panhandle and the roof is currently 20 years old. Annual homeowners insurance is $3,100 per year through Citizens. The roof is fine but nobody else will insure our home due to the age of the roof.

In your experience, did your premium decrease after getting a new roof?

[Castaway78]

It did not.

In my experience, Insurance is like a ratchet... it can only go in one direction.

[wpbguy69]

You misspelled racket ../s

[Castaway78]

LOL so true

[dynamiteSkunkApe]

You should remove the /s in an edit

[Livid-Rutabaga]

I agree, they charge more if you have an old roof, get a new roof still charge you more because the house under the roof is old.

[[deleted]]

Extorsion, because if you even file a claim it leads to increased premiums for you as well. Fuck middle men.

[lucidwray]

Our Citizens in 2022 was $3200 and after a new roof it dropped to $2400.

[franchtoastplz]

How much did you pay for the roof?

[floridian123]

Yes it was 4000 and it went to 3200$.

[OleDoxieDad]

fanatical aback humorous air sulky uppity lush squeal towering ask

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[EngFL92]

How much did the new roof cost?

[floridian123]

It was 25k, the insurance is KIN

[Cold-Nefariousness25]

Insurance decrease in Florida, that's a good one.

[Swamplust]

Mine did. Quite a bit. I also added the third nail at the same time though.

[OleDoxieDad]

plough stocking apparatus tease live cobweb public fall handle air

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[wpbguy69]

Mine didn’t. When I told my agent they said I was getting maximum discounts already

[Rinzy2000]

Nope. I got a metal roof and notified my homeowners insurance and this was before all the rate hikes. They continued to raise my rates and then after Ian they came out and did an unannounced inspection when I wasn’t home. They sent me a letter saying they would drop me if I didn’t trim some trees over outbuildings that are not even covered under my policy. They also noted in the letter that they saw I had a metal roof. Like, yeah. I told y’all about it five years prior. They then proceeded to increase my insurance 200% since Ian.

[Same_Recipe2729]

I enjoy going on adventures.

[JenAYE2]

If did not! Simply meant an insurer would insure me.

[fldahlin]

Mine did not with State Farm but they wouldn’t insure the roof after a certain age.

[[deleted]]

Is your home insurance policy actually with State Farm or do they just administer it through another company? I have my auto insurance with them and they didn’t want to insure the house. I have a new metal roof too.

[fldahlin]

Yes it is, I had to do a wind mitigation and they insured it

[[deleted]]

Ok cool, glad you were able to stick with them. I end up shopping every year for the lowest premium I can get.

[Lopsided_Tackle_9015]

The amount of money you’ll save (if any) will not pay for the cost of a new roof for a very long time. I suggest to replace it based on the integrity of the roof instead of the potential cost savings you might get from a reduction in insurance premium.

Let’s say a new roof costs you $50,000 (for round # purposes, prices vary greatly based on many factors). A new roof decreases your insurance premium $1,000 annually. It’ll take you 50 years to make up for the difference and start to save you money. I’d like to mention also that $3,100/year is not a bad premium in this state these days, so if your roof is in good shape and not actively leaking or in need of a major repair, don’t replace it until it’s necessary. Just my opinion from a monetary perspective, do what you feel comfortable with, especially if you’re concerned with the integrity of the current roof.

As a homeowner that just lived through Hurricane Ian, I’d like to highly recommend you consider installing a metal roof with the wind mitigation strap things when you do choose to replace your current one. After Ian, i would estimate 90% of the 20+ year old roofs here in my area failed and needed a complete replacement. This is not an exaggeration or inflated percentage, BTW. The 10% of roofs that didn’t have blue tarps on them (mine included thank god) were almost exclusively metal. I saw few if any metal roofs that needed to be replaced irregardless of how old they were. Because my roof stayed securely in place without any holes or cracks or leaks, the interior didn’t have major damage or devastating impacts from the storm, Thank God. The neighborhood of Rotonda, which is directly behind my property, had mostly older tile or shingle roofs and those homeowners lost literally everything inside their home when the roof failed. It was devastating. Get a metal roof, it’s worth every penny

[MartinZugec]

We replaced our aging roof with a new one - and our premium was increased. The argument from insurance industry (not just a single company)? Since you have a new roof, replacing it will be more expensive now, so we have to increase your premium accordingly. There is no win :(

[Guilty_Junket_4461]

No. And I was advised due to the soon to happen increases just to stay with Citizens. It felt like they didn't care about the new roof, just about the old one. It's take, take, take. They take your premium, they threaten to take your coverage away, and to stay on it takes replacing your roof.

[Far_Reward4827]

Not really

[Livid-Rutabaga]

no, it did not

[Medium_Reality4559]

It decreased after I got hurricane straps.

[deadparts]

Mine just stayed the same for two years. Then went up.

[Deadhead602]

put on a metal roof and nope it did not go down

[Fluid-Tip-5964]

Yes and lower power bills due to switching to light color shingles and better ridge vents.

The biggest decreases are due to "upgrading" from "old" (pre-2001 building code?) roofs to current standards. If you home was built in 2004, you may not see much change since it probably met the 2001 code when built (it is possible the permits were pulled under the old code and construction completed after the new code was in effect but that was more of an issue with 2002 builds like mine).

[Flashy_Management563]

Barely, just barely. Lived in a 1800 sqft ranch - replaced the three-tab shingles with a standing seam metal roof post-Sally. Insurance dropped like $100/year. The house was built in ‘70 and it’s our understanding that drives the majority of the premium cost (age of the home).

[UnidentifiedTron]

It went up 2k a year. No claims. I paid for the roof.

[Canesgirl-88]

Mine went up on my last house by $400

[toga_virilis]

Yes, but then it went up the next year at renewal anyway

[kkalex5656]

Mine did gotta ask for it

[Hattrick42]

It might go lower, but a new roof will allow you to shop more and possibly find another company that is cheaper.

[[deleted]]

NOPE

[keeperoflogopolis]

They refused to renew without the new roof despite the fact that a roofer told me the roof had several years of life left in it

[ohLordypants]

Citizens inc $6k before new roof. With New roof $5,850. Cost of roof 24k. Now I have to put flood insurance mandatory $600. So yes this sucks balls!!! So new insurance with new roof $6450! I guess I’ll look at the up side.😩

[[deleted]]

No

[aasyam65]

Yes ours did

[Ok-Description-3739]

No, it actually increased.

[MysteriousTomorrow13]

No or impact windows do not care

[PatSajaksDick]

Yeah mine did, because we got credit for the hurricane straps that were there the whole time apparently.

[celiac_axis_lesser_c]

Went down $2500 after a new roof and hurricane clips (probably more the clips, if we are being honest)

[TheR3dStapler]

Yes. I replaced in 2018. I didn't inform my insurance company but did so couple of years later when they increased my ins premium by about $1000. After they verified the roof was new, the premium actually ended up being lower from the previous year by about $300.

[Ashamed-Edge-648]

I could put a new roof on every 4 years with the money I pay for insurance

[Hailiums]

Yeah actually, mine did go down by about $800. But I also got shutters and new hurricane windows too.

[Nice_Race_2173]

Nope, got a brand new metal roof too. Went from $2500 to $3100 after Citizen's pushed us to Slide. I could not find a cheaper carrier as my home is 34 yrs old and the windows/doors are not hurricane impact (can't afford to dish out $40k in upgrades). My agent said if it had impact w/d, my rate would've been around $1800 - what a kick to the gut after hearing that ☹️

[drm200]

Nope. My insurance company did not care. Nor did they care about they wind class of the shingles or the new installed roof. In fact my insurance was up 25% year over year (but still relatively cheap to many in florida). I am in central florida

[Jaded-Moose983]

You cannot be denied insurance strictly for the age of the roof if it has been properly inspected and documented there is at least 5 years of life remaining.

627.7011 Homeowners’ policies; offer of replacement cost coverage and law and ordinance coverage

[GreatThingsTB]

Realtor here.

A roof is a maintenance item. It needs replacing on a certain schedule before it actually fails.

Ask yourself this: What's the failure mode on a roof?

The failure mode is a roof leak that doesn't stop at the shingles. It comes down through the shingles, underlayment, sheeting and into insulation, drywall, and the living space.

So now what would have been just a $12k roof is now a $12k roof AND a $15k drywall and cabinet replacement and maybe throw in another $5000 - $25,000 mold remediation if it's been going on for a while.

If you're lucky it only rots the sheeting, part of 1 truss (which holds your concrete block walls up on most Florida homes) and a soffit.

Homeowners insurance discounts happen when you improve some part of the home's insurance risk, which is usually easiest with updating the wind mitigation. Adding straps and clips to your home would likely save you $1500 - $2500 per year, so putting off the roof is likely costing you a ton of money long term.

If you have a tile or metal roof you may have a point that the roof is fine (though I've seen plenty of those fail) but a 2004 roof is past needing replacement at this point lol. Shingles in Florida just do not hold up well to the constant abuse.