If you’re a property owner weighing their options regarding roof warranties, you might be interested in learning about the process of transferring roof warranties. A roof warranty is generally transferred from the owner to the new buyer of the house/property. Many roofing services offer roof warranty against any future damage to the roofs. But, as the property is sold, this roof warranty is also transferred to the new owner only if it’s a transferable warranty. Read on to find out more about roof warranty transfers.
How Does Roof Warranty Work?
Roof Warranties are the first line of defense for the homeowner against the possibility of future roof failure. If a roof falls, it can cause severe damage to a home and disrupt daily life. Therefore, it is wise to know about roof warranty transferability and benefits before purchasing a roof. Get in touch with Water Damage and Roofing of Round Rock to learn more about roof warranty transfers.
This may help you decide if your home needs warranty coverage or not. In addition, roof warranties are generally transferable within a given region. For example, if you live in the United States and want to sell your house in another state, you can still transfer your roof warranty to someone else.
How to Transfer Roof Warranty?
Roof Warranty usually covers all types of damage, including leaks, cracks, and other damages that may occur outside the house. While most roof warranties are transferable, some may charge a small fee for the transfer. So, for your property to be protected under a warranty agreement, you must do some paperwork first.
Write a letter to your insurance company asking if they will consider transferring your existing agreement. Most roof manufacturing companies allow it. However, you may need to provide them with some proof that they will believe it. Usually, they require a letter from the current owner stating they are willing to make the transfer and that it won’t affect their premiums or coverage.
What to Look for While Transferring Roof Warranty?
When transferring a roof warranty, you need to know what your insurance company covers. Each company offers different types of agreements. This means that you should know your policy and how it works. Before getting a warranty transfer, check for these points first:
- Deadlines for transfer requests
- History of ownership of that roof warranty
- Commencement date and warranty period left
You can get the required documents online or by contacting the concerned companies. The warranty manufacturer or repair company can better assist you throughout the transfer process.
How to Use Roof Warranty?
There are different types of insurance on the market. Some companies offer general liability insurance, which covers damages caused by fire, theft, and vandalism. Other companies may provide coverage for specific harm caused by items like hail, wind, or water.
Generally speaking, if you want to use a warranty transfer agreement, you need to read the policy that comes with it. Most policies will include a clause that declares a one-time transfer of coverage only. Once this is done, the insured person can ask for a new agreement later.