roof Warranty 101: Understanding Types, Coverage, and Cost
Roof warranties are crucial to protecting the longevity of residential and commercial roofs alike.
Without roof warranties, property owners could be stuck paying for expensive repairs or replacements due to faulty materials or poor workmanship.
Warranties provide coverage for purchasers, as well as the peace of mind that even in the case of a problem, they’re budget is protected.
There are several different types of warranties that are available, and it’s important for homeowners and business owners to know their options before taking on a new roofing project.
Below is Malone Roofing’s breakdown of the different types of roof warranties offered and how they’re designed to help you.
Types of Roof Warranties
There are 3 major types of warranties. Manufacturers, Workmanship, and Extended Manufacturer’s.
Some are included in the price of materials, while others are usually an additional cost.
Each warranty covers a different aspect of the roof and the work performed during the installation.
● Manufacturer’s Warranty
○ Manufacturers warranties cover the functionality of the materials used on the roofing project. Generally the roofing company that installs the roof must be a certified installer for the purchaser to receive this warranty.
● Workmanship Warranty
○ Workmanship warranties cover errors made by the laborer who physically installed the roof system. If problems arise due to improper installation, the installing contractor agrees to repair or replace the required areas.
● Extended Manufacturer’s Warranty
○ Extended warranties, sometimes called System warranties, are additional coverage that is paid for up front by the buyer, and they often cover material and labor costs for roof replacements if one or more aspects of the roof begins to fail.
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Coverage and Duration of Warranties
Warranty coverage periods can vary depending on the manufacturer, the type of material, the location of the property, and whether or not the roof has an active maintenance program.
Typical manufacturer warranties cover about 20-30 years of life. This is essentially how long the manufacturer believes the roof should last if well maintained and isn’t subjected to overtly harsh weather conditions.
There are warranties that cover up to 50 years, and even the entire lifetime of the roof.
Benefits of Extended Warranties
Getting a warranty that goes above and beyond the typical coverage period can be well worth it. It will all depend on the needs and long-term plans of the business or homeowner purchasing the warranty.
However, the purchaser usually pays a larger fee up front to receive the coverage.
Some of the main reasons a property owner might purchase an extended roof warranty are listed below.
○ They plan on owning their property long-term: For homeowners this means they plan on living there for life, and for business owners that intend to own a property for several decades.
○ They plan on having to replace the roof at some point in the future: Extended warranties usually cover more costs than standard warranties, and in many cases covers the costs of materials and labor.
○ They live in an area where roofs are replaced more often: Such as areas that experience above average instances of rain, wind, hurricane, and tornado damage.
Some warranties are transferable, which means that they are still valid if the original purchaser of the warranty sells the property that is covered.
Transferability is something that should be considered by businesses and homeowners alike, as the price for a transferable warranty could be steeper over time, but ultimately makes a property appear more attractive to buyers.
○ Manufacturer’s Warranty: can be transferred to new owners when a property is sold, adding to release value. Most only allow one transfer to a new owner, and none thereafter.
○ Workmanship Warranty: This quality-assurance warranty is a direct relationship between the purchaser and the roofing contractor. These warranties tend to be transferable, as long as new owners are aware of the installing contractor.
○ Extended Workmanship Warranties: depending on the terms of the warranty, these can be transferable to subsequent property owners.