Obtaining a commercial insurance policy to cover your business is an important way to protect your company from financial ruin. However, the costs for commercial insurance can be very expensive, making a sizable dent in the profits that you make each quarter. Although you may think that there is little you can do to reduce the cost of your property insurance policy, you have more power over this rate than you know. Renovating your roof is one step you can take to obtain a more reasonable policy rate because insurance companies are aware of how big of a role roofs play in protecting commercial property. Learning more about how you can save money by renovating your roof can help you determine if you should take this step today.
Wooden Roofs Are Not A Good Idea In The Wildfire Zone
If your commercial building is located in a part of the country that is known for wildfires, you may be surprised at how much money you are paying for the risks that accompany a wooden roof. Wood is very flammable and can cause your building to go up in flames very quickly if the sparks from a wildfire come near it.
Updating your roof with a flame retardant material is the perfect way to watch your property insurance rates decrease. Asphalt and clay tile are two flame resistant options that may serve as a great alternative to your current wooden roof. If you want to maintain the rustic appeal of a wooden roof without using the actual product, consider constructing your roof out of a faux wood material that has all of the looks of real wood without the risk.
Wind, Excessive Rain And Hail Demand A Strong Roof
Extreme weather conditions demand a roof that is up for the task. When your commercial property is initially assessed for insurance, the adjuster will carefully note if your roof will be able to withstand strong winds, heavy rains and damaging hail without the need for you to file a claim. If your roof is found insufficient, your premium rate will reflect this added risk.
Renovating your roof so that it is made out of products such as slate or steel is the optimal solution to this problem. In addition, you may want to request that your roof incorporate a cathedral shape that encourages rain and hail to slide off of it for even greater savings on your insurance policy.
Although you will need to make an initial investment in order to have a new roof, you may find that the roof quickly pays for itself because of the money you save in premium payments. Once you have obtained your new roof, be sure to inform your insurance company so they can re-calculate your policy amount right away.
For more information, contact Marty Robbins Roofing Co Inc. or a similar company.