How Does Getting a New Roof Affect My Home Insurance?
The roof over your home does more than keep you safe and dry—it’s one of the most significant factors in determining how well your home is protected against unexpected damage. That’s why in Nova Scotia, your roof plays a vital role in how your home insurance policy is priced and what kind of coverage you’re offered.
If you’re considering replacing your roof, you may wonder how it will affect your insurance. The good news? A new roof often means benefits for both your home and your insurance. Let’s break it down.
Your Roof Matters to Insurers
Insurance companies assess risk when setting premiums. The roof is one of the first things they look at because:
- It shields your home’s structure. A strong, well-maintained roof prevents water leaks, mould, structural damage, and costly repairs.
- It reduces claims. Old or deteriorating roofs are more likely to fail during storms or heavy snowfall, leading to expensive insurance claims.
- It affects longevity. Some roofing materials last much longer than others. For example, asphalt shingles may last 20–25 years, while metal or slate can last 50 years or more.
Simply put, the condition and age of your roof directly impact your insurance risk profile.
What are the Insurance Benefits of a New Roof?
Replacing your roof is a significant investment, but it comes with some important advantages for your home insurance:
- Lower Premiums
Insurance companies often reward homeowners who take steps to reduce risk. By installing a new roof, you may qualify for a lower premium because your home is less likely to suffer weather-related damage. - Potential Discounts
Some insurers offer specific discounts for roofs made with impact-resistant or fire-resistant materials. If you’re replacing your roof, it’s worth asking your insurance broker whether these upgrades could earn you extra savings. - Better Coverage Options
With an older roof, insurers may limit your coverage or increase your deductible, especially if your roof is 20+ years old. A new roof restores your eligibility for complete coverage and ensures you won’t face restrictions due to roof condition. - Peace of Mind
Beyond financial benefits, a new roof gives you confidence that your home is better protected from leaks, windstorms, and other hazards.
Check out our blog for a comprehensive list of how other home improvements may impact your insurance.
What to Tell Your Insurance Company About Your Roof.
If you’ve recently replaced your roof, it’s essential to notify your insurance provider right away. Be prepared to provide:
- Proof of replacement – receipts, invoices, or a contractor’s report.
- Details on materials used – for example, asphalt shingles, metal roofing, or architectural shingles.
- Date of installation – to ensure your policy reflects the new timeline of your roof’s lifespan.
Keeping your insurer in the loop ensures your policy remains accurate, and you won’t miss out on possible savings. Use our home insurance renewal checklist to keep track of what to communicate to your insurance provider.
Choosing Roofing Materials with Insurance in Mind.
When installing a new roof, consider how different materials might affect your insurance. For example:
- Asphalt shingles: The most common and affordable choice, typically offering solid coverage options.
- Metal roofing: Durable and resistant to fire, wind, and hail—often qualifying for discounts.
- Slate or tile: Extremely long-lasting but heavier and more expensive, sometimes requiring additional structural support.
- Impact-resistant shingles: Specifically designed to withstand hailstorms and flying debris, reducing the likelihood of damage claims.
Your insurance broker can guide you on whether certain materials qualify for premium reductions.
How Much Can You Save?
Savings vary by insurer and location, but a new roof can sometimes reduce your home insurance premium by 5–20%, particularly if you’ve upgraded to stronger, safer materials. Even if the premium reduction isn’t huge, you’ll still avoid potential rate hikes or coverage limitations that come with an aging roof.
A new roof is more than just a home upgrade—it’s a wise investment that improves safety, increases your property’s value, and can positively impact your home insurance. By protecting your home from costly damage and lowering your insurer’s risk, you may qualify for better rates and coverage.
If you’re planning a roof replacement or have recently completed one, be sure to contact your insurance broker. Contact one of our experienced Bauld Insurance advisors today to update your policy, check for discounts, and ensure you’re getting the best protection possible!
