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What is a roof warranty and what does it cover?

posted by TrueNorth Risk Management on Wednesday, July 31, 2024

It’s easy to assume that roofing warranties function like insurance policies. Especially when roofing contractors offer “lifetime” warranties, which could lead a homeowner to falsely assume their roof is covered against weather-related damage if they don’t read the fine print.

Unfortunately, roof warranties like these are designed to cover contractor workmanship and/or defective materials.** To help you understand how these coverages differ, we’ve outlined key differences below.

Homeowners’ Insurance Policies:

• Extend beyond limited coverage, protecting you from weather-related events and additional losses.
• Can pay you the actual cash value or provide complete replacement for covered losses.

Standard Manufacturer Warranties:

• Provided by the manufacturer who makes the roofing materials.
• Often serves as a product warranty, guaranteeing roofing products arrive from the factory free of defects.
• Does not cover workmanship.

Workmanship Warranties:

• Addresses roof installation
• Outlines various conditions the roofing contractor would be responsible for if the roof was improperly installed.

Here are a few factors to consider as you evaluate roof coverage options:

• Price: When it comes to coverage for your roof, what’s more important: coverage or cost?
• Weather: Do you live in an area with high wind/hail risks?
• Savings: Do you have an emergency fund or savings that could cover the cost of a roof replacement, if needed?*

Thank you for placing your trust in TrueNorth. We take pride in helping you navigate coverage options.

Connect with our team of specialists to explore ways to reduce your insurance expenses without compromising the quality of coverage.

Sources:

* What are your roof coverage options? (Nationwide)

** Roof Warranties Explained: Types, Coverage, Exclusions, Etc. (roofonline.com)