Did you know that wind and hail makes up a third of all roofing damage claims in the US? Whenever a roof changes owners, the new owners always want to know how to protect themselves against these common forms of damage.
Usually, there is a roofing warranty they need to think about transferring from the previous owner.
Are roofing warranties transferable? What does it take for you to transfer a roof warranty? And how do you go about finding the right roof warranty in the first place?
In this article, we will walk you through everything you need to know about how to transfer your roofing warranty as easily as possible.
Not every roof warranty is the same, and not all will transfer. Some warranties may even be non-existent. Considering purchasing a new home? Take the procedures below to check and validate the coverage provided with the home.
Landmark Roofing is happy to discuss any and all concerns related to transferable roof warranties no matter what type of homeowner you are.
1. Determine Coverage
Some warranties simply cover the cost of the materials or shingles themselves, leaving you responsible for labor and removal. Examine the warranty to check whether it is an expanded guarantee that covers the product, malfunction, and workmanship.
2. Realize that Not Every Contractor Provides Premium Guarantees
Although the roofer may claim to have provided a high-quality guarantee covering both product and craftsmanship, premium manufacturers demand a high degree of training and certification before a roofing contractor can give these warranties to their consumers.
3. Confirm Filing
Any warranty must be filed and applied for on behalf of the owner in order to be legitimate. After the roof installation finishes, the roofer has a limited time to fill out the registration with the manufacturer. The warranty won’t be conferred to the buyer if this step is not completed…because the warranty does not exist.
4. Verify That the Warranty Can Be Transferred
Manufacturers may place restrictions on the transfer of a warranty to a home owner. Some roof warranties may only be transferred once, while others can be transferred several times.
5. Notify the Manufacturer of the Product to Ensure Transfer
You may learn through your study that the manufacturer demands notice of the roof warranty handover within a particular time period after the purchase, and that there is even an administrative cost to complete the documentation. Remember this last step to prevent any unpleasant shocks in the future if a roof component or craftsmanship fails.
The roofing guarantee usually transfers to the new owner, although there are some exceptions and limitations. As one element of their due diligence throughout a house transaction, the buyer should request the registration and terms of the warranty.
Choosing a Transferable Warranty
At the end of the day, a transferable warranty makes sense for a wide array of homeowners. It’s best to discuss your transferable warranty with a certified roofing contractor. They’ll be able to give you the best information as to whether or not transferring the warranty makes sense when setting up your new roof for the first time.
If you enjoyed this article about roof warranties, please check out the other articles on our blog!