New Roof Guidelines for Homeowners

Due to the increasing numbers of insurance claims as a result of inclement weather, many insurance companies are changing the guidelines by limiting or declining coverage with older or wood roofs.  Beginning this year, some of these guidelines include:

• Composition over Wood Shake Shingles: 
•  no longer insurable
• Composition over Composition:
•  insurable up to 3 layers.  Top layer may be subject to Composition Age Guidelines
• Wood Shake Shingles: 
• 10 years or newer - insurable at full replacement cost with $1000 deductible
• 10-15 years - subject to higher deductibles
• 15+ years - subject to higher deductibles and Actual Cash Value Loss Settlement
• Composition: 
• 20 years or newer - insurable at full replacement cost with $1000 deductible
• 20 years+ - subject to higher deductibles and Actual Cash Value Loss Settlement

If you have any questions regarding your coverage or whether the guidelines have changed on your policy, contact your insurance agent today.

Why Home Ownership is Good for You

Studies show that owning a home not only instills a sense of comfort and pride, but it also brings higher academic achievement, more cohesive communities, better connected families, improved health and safety, and a stronger economy.  Home owners:

• are 15% more likely to vote
• live 4 times longer in a community
• are 16% more likely to belong to parent-teacher organizations, book clubs, etc.
• are 1.3 times more likely to read the newspaper
• are 10% more likely to attend church
• have a net worth 45.9 times that of a renter's

For more information, check out the National Association of Realtors' Field Guide to the Benefits of Home Ownership.

When you are ready to buy or sell your next home, please give us a call.  No matter the need, Pickett Property Group can help!