From natural disasters to general stress from the wind, sun, and rain, you can’t count on your roof to last forever. The average system will last around 20 years before it starts to show signs of wear and tear. (You may not need to replace it, but you should at least have an inspection.) If you do happen to need a new roof in Gainesville, FL, the sticker shock can be intense. We’ll look at a few financing options if your roof needs to be replaced.
Homeowners insurance won’t be able to cover your roof if it’s just worn out over the course of its lifetime, but it can cover you from natural disasters or fire. Insurance companies are notorious for bending the terms of their coverage so they don’t have to pay, but filing a claim will always be the first step in the process. With the high number of storms in Florida, it is very common for the roof to have sustained damage from one of these events which means the insurance company is required to pay for the replacement. This can save you the cost of the entire roof minus your deductible.
Finance Options Offered by the Roofers
Roofing companies know that their invoices are high, which is why they have their own financing options. Typically, homeowners without a lot of home equity will choose this option. The best thing that you can do if you want to pay for your roof this way is to read the small print and do the math. You just want to make sure that you’re comfortable with how much you’re paying for the roof over time.
Home improvement loans, credit cards, Home Equity Line of Credit (HELOC) loans: there are a variety of additional financing options that will help you cover the cost of the roof. Much like the financing options offered through your roofers, each product will offer its own advantages and disadvantages. The best thing you can do if you’re exploring these options is to not make assumptions. The terms can vary wildly between carriers, even for the exact same loans.
If you have questions about replacing your roof in Gainesville, Perry Roofing is here to help. Experts in both residential and commercial roofing, we’re here to help you get the service and repairs you need. Contact us today to learn more about what we can do.