Roofing warranties helps you secure your investment if any anything goes wrong within the stipulated timeframe. Selecting the types of warranties, however, depends on multiple factors ranging from the roofing material to the location of the roofing system to weather conditions. In short, different types of roofing materials respond differently to various climatic conditions, and therefore, are backed by different types of warranties. Once you are sure about the roofing material that qualifies your prerequisites, it is time to choose the right warranty that helps secure your roofing investment. Therefore, it is essential for investors and owners to ensure that the commercial roofing company offers comprehensive coverage against all possible issues. On that note, let’s take a look at some of the most common warranties offered by commercial roofing companies.
NDL or No Dollar Limit
The NDL, preferred by most commercial real estate investors, covers both manufacturer’s and contractor’s workmanship warranty (in some cases). There is no cap on the damages covered, no matter it is a product defect or an installation issue. Though, you are required to pay a fee for this warranty.
This type of warranty covers only the cost of the labor required to rectify the damages caused due to improper installation. It does not cover the cost of any defective products. You have to pay for all the additional roofing materials and accessories required to restore the roof.
As the name goes, the warranty only covers the cost of the material required to solve the defect in the roofing system. It does not cover the cost of the labor required to rectify the installation mistakes. The warranty period is much longer than labor-only warranties. 3-tab shingles, for example, usually provide a warranty of 25 to 30 years, whereas architectural shingles carry a lifetime warranty.
Labor and Material
It covers both the cost of the labor and material required to restore the roofing system. There is; however, a limit to how much the manufacturer of the material is to bear the cost involved in replacing the defective material. Labor and material warranties work on a pro-rata basis, which means time is a crucial factor when it comes to how much the building owner would be able to cover his investment through it. Similar to an NDL warranty, it attracts a small fee.
These types of warranties usually do not cover the entire cost. Some are hybrid in nature, meaning the warranty might work as an NDL–cover 100 percent labor and material cost–for the first five or ten years, and then work on a pro-rata basis. Others may cover your investment a pro-rata basis from year one–80 percent for the first five or ten years, 60 percent from the 12th year, 40 percent from the 13th or 14th year and so on.
Never judge a warranty on its length. Rather, evaluate how much it covers the labor and material cost for that period. A 15-year NDL warranty, for example, could be better than a 25-year 3-tab shingle warranty. The first reason is that materials such as shingles hardly wear before 20 or 25 years. Secondly, even if there’s a defect on the shingles of your roofing system, say the shingles go bad on the 19th year after their installation, you would still have to pay for the cost of the labor required to replace the defective shingles. Similarly, even in a 20-year pro-rated warranty, the coverage cost, say, after the 10th or 11th year would drop every year and the property owner would have to bear the remaining charges. In short, calculate the total cost of ownership of the warranty before signing the dotted line.
SRG Roofing provides 10, 15, and 20 year NDL warranties to ensure you get optimum value from your roofing investment. As a premier roofing company in California, Colorado, Florida and Texas, we offer holistic solutions for all roofing needs, be it for commercial, industrial or multifamily properties. To learn more about our warranties, call us at 1.855.860.3732.