Roofing products typically come with warranty coverage that is “Pro-rated”. A pro-rated warranty is one that diminishes in value over time, and is designed to financially protect a roofing company at the expense of customers. A pro-rated warranty means the cost of roofing failures are reimbursed at a small fraction of the real replacement costs in an amount that declines over the length of the warranty. Customers may find that their 50-year warranty only covers a small fraction of the replacement value of a roof in the event of a failure.
Many roofing companies offer a pro-rated type of warranty in order to camouflage the real durability of the product; a 50-year warranty can comfortably be offered when in fact the roof it is supposed to cover lasts only a fraction of that time.
Pro-rated roofing warranties are the source of many class action lawsuits, where customers who have found that their roof lasts as little as twelve years may then find that the warranty coverage they expected does not cover the real product replacement costs. These lawsuits are common and often range in the hundreds of millions.
Roofing customers seeking adequate warranty coverage are wise to look at “Non Pro-rated” warranty coverage. This type of warranty does not decline in value over time, and is designed to ensure the cost of the customer’s roofing product is properly reimbursed in the even t of premature failure. Interlock Roofing is protected by a Non Pro-rated warranty that is transferable to a new property owner. Click here for details.
Tags: Interlock Roofing, Non-Protated Warranty, Rooing Warranty
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Good article about roofing warranties.
Some roofing companies offer other different types of roofing warranties. The best way to find out what type of warranty fits your needs is to shop around and find the best contractor!
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Thank you for writing this it was used as a source for a paper I am currently writing for my thesis. Thanks
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