Class 4 Roof Insurance Discount

The hail resistant impact resistant roof discount.

Class 4 roof insurance discount.

Here are 5 insurance discounts you can get just from your roof. Class 4 shingles cost a roofing contractor on average 25 30 per square more than simple 30 year laminate roofing. Impact resistance has to do with the shingle s impact resistance to hail. Whether or not you can receive the discount depends on what roofing material was used and what roof coverings classification the roof falls under.

Roof coverings that have passed the ul standard 2218 test are classified by ul as either class 1 2 3 or 4. Fm and be rated as a class 1 2 3 or 4. Most insurance companies offer a discount on premiums for a class 4 roof which makes it more appealing. Most insurance companies will give you a premium discount for installing a class 4 shingle on your roof.

Over time you can recoup your initial investment. Class 4 rated shingles will typically last longer and will do better in a hail storm. A homeowner with the lowest resistant rated roof class 1 in a part of the state with the least hail would only get a 1 discount. Do not sign any waiver to your insurance company.

Class 4 roof covering is the most impact resistant roof and receives the highest premium discount. These 4 upgrades can lower the cost of your homeowners insurance opting for some voluntary upgrades not only reduces your risk but it can also save you as much as 35 percent on your policy. Call your agent to find out how much of an annual discount you can receive and weigh that against the cost of the upgrade and future deductible payments. Premium reductions are not available for roofs other than qualifying metal roofs which have been overlaid onto existing roofs.

In some states provinces use of qualifying impact resistant roofing products may qualify for significant premium discounts. Class iv insurance discounts saving money on your homeowner s insurance premium is no easy task and often its one of those pay now or pay later situations. However a class iv roofing system can typically save you 10 27 of your premium for the year. Home insurance discounts are currently available in the following states and provinces.

But for a homeowner using class 4 materials in that portion of the state that regularly gets pelted with hail at least 6 times a year the discount was a whopping 35 annually. You probably need to look for a new insurance company if your discount is only 300 unless you have a very small home.