In Florida, insurance companies can cancel or refuse to renew a homeowner’s policy if the roof is 15 years old or older. However, this can be avoided with an inspection by an authorized professional. If the inspection confirms the roof has at least five years of useful life remaining, insurers must provide coverage. This law aims to ensure homes are well-maintained and protected against Florida’s severe weather. Learn more:

15-YEAR ROOF RULE : STATUTE 627.7011

What is the 15-Year Roof Rule in Florida? The “15-Year Roof Rule” in Florida is a regulation that significantly impacts homeowners, particularly those dealing with insurance policies. This rule is detailed in the Florida Statutes Section 627.7011, which addresses the valuation of property insurance policies, specifically concerning roof coverage. Here’s a summary look at what the 15-Year Roof Rule in Florida is and why you should care.

Understanding the 15-Year Roof Rule: Insurance Inspections: If your roof is 15 years old or older, your insurance company may require an inspection before issuing or renewing your policy. The goal is to ensure your roof has at least five years of useful life left.

Passing or Failing: If the roof passes, the insurance company must offer or renew coverage. If it fails, you may need to repair or replace it to maintain coverage.

Purpose: Risk Reduction: The rule helps mitigate risks associated with older roofs, which are more prone to damage and wear. This stabilizes the insurance market and helps keep premiums more affordable.

Impact on Homeowners: Inspections and Repairs: Homeowners with roofs approaching or over 15 years old may face inspections. If the roof doesn’t meet the requirements, there may be unexpected costs for repairs or replacement.

Insurance Policy Considerations: Policy Details: Reviewing your insurance policy’s terms regarding roof coverage is vital to avoid surprises during the inspection process.

Preparing for the 15-Year Mark: Maintenance: Regular roof maintenance and keeping records of inspections and repairs can extend your roof’s life and help you during the 15-year inspection.

Exceptions and Alternatives: Policy Types: Some insurers may offer policies with limited coverage for older roofs based on actual cash value (ACV) rather than replacement cost value (RCV). ACV policies consider depreciation, which can lower compensation in the event of a claim but also reduce premiums.