The Roof Age Limit

The appraiser must clearly state whether the subject is to be repaired or re roofed.

The roof age limit.

Obviously the best way to know your roof s age is by keeping records from the last time the roof was replaced. Tile roofing is typically stronger than shingle and is considered to have a life expectancy of 30 years. The average lifespan of asphalt shingles ranges from 20 to 40 years depending on the manufacturer although many warranties only guarantee between 15 and 25 years. Roofs last a long time with the typical asphalt shingle roof lasting between 15 to 25 years depending on the type of installation.

If the roof has less than two years remaining life then the appraiser must call for re roofing or repair. But that s not all the fha also requires a minimum amount of durability. Age of roof and insurance insurers consider a roof s age and condition when providing coverage. Estimating roof age is difficult.

If your policy is for acv your insurance company will pay the actual cash value of your roof at the time of a covered loss. Most asphalt shingle roofs can survive only up to 30 35 years after its first installation. Generally the older your roof the higher the amount depreciated or not covered under your. Tile roofing is made of either concrete or clay and comes in different shapes and textures.

Fiberglass shingles are more. These are expected to last up to 20 years. In the lawson s situation the repair bill came to just 45 000 including tax but their insurance company didn t pay them the full amount. This means the actual cash value minus your deductible amount minus the depreciation cost according to the age of your roof.

But most homeowners don t always understand that the age of their roof or house or belongings or furnace and so on can actually impact the claim limit coverage. Some insurers refuse to renew existing homeowner insurance policies on houses with roofs older than 20 years unless they pass an inspection. However if you re looking at a new home or uncertain of your home s pedigree there are warning signs you can look for before your roof starts damaging your house. This doesn t mean that your architectural roof will start collapsing after 20 years.