Commercial Roof Types For Insurance

Asphalt has long been the standard for flat roofing systems due to the fact that it s simple and economical.

Commercial roof types for insurance.

Because of its high thermal performance it is the product of choice for energy aware architects specifiers builders building owners contractors and consumers. For example if your roof is 25 000 new and is 15 years old on the date of a claim and the insurance company attributes a rate depreciation of 1000 per year on the roof then they will subtract the depreciation from the value of the new roof and only pay you the. Example of acv vs. The brands we use are duro last firestone and gaf.

They can last 20 to 25 years. The roofing material and installation may be covered by product specific warranties including warranties for proper installation by your roofing contractor. Built up roofing bur more commonly known as tar and gravel or hot mop roofs is one of the oldest and most reliable commercial roofing systems for low slope or flat roof structures. The replacement cost for metal roofs can be rather high however so check the terms of your policy to see if the insurer is willing to offer replacement cost coverage on this type of roof.

Commercial roofing already complicated is getting more so as new types and materials are being introduced according to a leading engineer who specializes in assessing roof losses for insurers. If you do not know what s on your commercial roof or what your insurance covers then the roof that protects your building may have no protection. While these are not strictly insurance policies bonds provide a work guarantee and may be required particularly if you do commercial or municipal roofing jobs. These roofs may become sticky in summer and it is harder to shovel snow off of these roofs when compared to smooth surfaces.

This covers all your cars trucks vans specialized trucks bucket truck flatbed truck dump truck etc used for business purposes. Tar and gravel roofs also for flat roofs are best for roof top decks with heavy foot traffic. Iso in its commercial lines manual clm for purposes of developing rates for insuring commercial property based on susceptibility to damage by fire the clm description of fire resistive construction followed by the associated iso construction code is exterior walls floors and roof of masonry or. Built up roofing bur systems.

Actual cash value will give you the depreciated value at the time of the loss on your roof. One of six building construction categories established by insurance services office inc. Metal roofs are very durable and fire resistant making them attractive to insurance companies. Polyisocyanurate polyiso is a closed cell rigid foam board insulation used in roof and wall assemblies within commercial and residential buildings of all types.