The common adage is that ‘an ounce of prevention is worth a pound of cure’. When it comes to commercial buildings, this simply means that maintenance and inspections should be done early and often. It is estimated that repairing problems as they arise can cost 3 to 4 times more than proactively maintaining. Financially, this could mean anywhere between $100,000 to $200,000 over a roof’s lifespan for a 20,000 square foot roof. However, it could save so much for commercial building owners.
Commercial building insurance companies analyze a risk and collect a premium corresponding to how risky that building is. So, when a building is proactively maintained and documented, it saves the policyholder money on their monthly premium. It also helps them avoid filing a claim, which could substantially increase their monthly premium as well. Moreover, a building that is more favorable for insurers can easily be shopped around so that the policyholder can choose the best rate offered to them. Most insurers will even give a policy credit for annually inspecting a commercial building.
Ultimately, taking care of your roof is financially beneficial for a variety of reasons. However, who you choose to maintain your roof is just as important. Fortunately, with the roofing professionals at Kato Roofing, getting the right person is easy. They will thoroughly document and maintain your roof, and even provide a multi-year repair plan to ensure the longevity of your roof. If you want to save money while maximizing your roof’s lifespan, proactive maintenance is undoubtedly the way to go. Fortunately
Source: Kato Roofing
