When you're considering a roofing warranty, it's crucial to understand what's included and what isn't, so you can ensure that your investment is protected. Here are key points to check for in a roofing warranty:
- Length of Warranty: This is the duration for which the warranty is valid. Typical warranties range from 10 to 50 years depending on the material and manufacturer. Longer warranties might sound appealing, but always read the fine print to understand what's actually covered over time.
- Coverage Details: There are generally two types of warranties for roofing – manufacturer's warranty and workmanship warranty. The manufacturer’s warranty covers defects in roofing materials, while the workmanship warranty is provided by the roofing contractor to cover issues arising from installation. Ensure both are included.
- Prorated vs. Non-prorated: A prorated warranty means that as the roof ages, the coverage on the materials decreases. On the other hand, a non-prorated warranty offers full coverage throughout the warranty period, without the reduction in payout as the roof ages.
- Material vs. System Warranty: Some warranties only cover the roofing material itself, while others, often referred to as a “system warranty,” might cover the entire system including underlayment, ventilation, and other accessories. System warranties are more comprehensive.
- Transferability: This is especially important if you plan to sell your property before the roof's warranty expires. Some warranties are transferable to the new owners, which can be a selling point for your property.
- Exclusions and Limitations: Be aware of what the warranty does not cover. Common exclusions include damage from natural disasters, improper maintenance, and normal wear and tear. Some warranties may also have specific maintenance requirements.
- Claim Process: Understand the procedure to file a claim under the warranty. This should be straightforward and not overly cumbersome. Know whom to contact, the paperwork involved, and the expected time for the claim resolution.
- Financial Stability of Issuer: The warranty is only as good as the longevity and financial health of the company that issues it. Do some research into the manufacturer and contractor to ensure they have a solid track record and are likely to be around for the long term.
Before finalizing your roofing materials and contractor, take the time to compare warranty options and read the fine print. A good warranty can save you a lot of hassle and expense down the line, so it's worth getting one that's robust and reliable. Remember, a warranty is part of your property's long-term protection, so choose wisely!
