Roof warranties provide homeowners with coverage for roof damage from workman errors, material defects, and more. When you’re installing a new roof, it’s important to have a warranty so you stay protected and don’t have to pay for repairs and replacements you’re not responsible for.
But if you ever decide to sell your home, it’s very important to understand whether it’s possible to transfer your roof warranty. This post will cover the basics of a roof warranty transfer as well as the potential value a warranty can add to your home.
What Are Roof Warranties?
A roof warranty is a guaranteed agreement that a manufacturer or contractor will fix certain types of roof damage as long as it occurs within a predetermined time frame. There are two guarantees you should have when installing a new roof. They include:
A material warranty covers the products used for your new roof, assuming the contractor installed them correctly. If parts of your roof are defective in any way, this warranty will foot the bill and issue a replacement.
This warranty guarantees the contractor’s quality of work during installation. If any damage occurs to your roof due to an improper installation or poor technique, this warranty will cover the cost and provide repairs or a replacement.
Can a Roof Warranty Be Transferred?
Typically, roofing warranties last anywhere between 15 and 30 years, and some even last the entire lifetime of the installed roof. The average length of home ownership in the US is 13 years. So, what happens to a 30-year roofing warranty that has covered you for 13 years?
Any homeowner can do a roof warranty transfer to a new buyer, allowing them to enjoy the coverage. And because a warranty can save homeowners a lot of money from potential damage, having one can significantly raise the value of your home when you put it on the market.
How to Transfer a Roof Warranty
Once you’ve decided to sell your home, you should immediately begin the process to transfer your warranty. The transfer must be concluded within a specific time frame, so it’s best to get started quickly. Here are the steps to take when transferring your roof warranty:
Notify the manufacturer
The warranty provider needs to know any intention of transferring the ownership of the property.
Meet all deadlines
All requests and documents must be submitted before the closing date of the transfer window.
Installation date and receipts
This is required information to validate the installation and warranty period.
Provide proof of ownership
A copy of the deed indicates the previous owner, the current owner, and the transfer date.
An administrative fee is paid to complete a warranty transfer.
What To Consider When Purchasing a Warranty
Whether buying a new home or replacing an old roof, you should verify and review the roof warranty coverage and understand the factors that void a warranty.
This is what to consider:
- What the warranty covers
- Check that the warranty was registered
- Whether the warranty was only transferable once or non-transferrable
It is also important to ascertain the provider’s competency and certification before being bound by the warranty.
Get Your Roof from Roofers Who Value Warranties
Whether you’re repairing or replacing a roof, having a warranty is a worthwhile investment that can give you peace of mind and increase your home’s value. Roofing Optimum provides a premium 25-year workmanship and roof warranty for our customers. Contact us to learn more and get your free estimate!