If you're a homeowner who's still trying to decide between attempting a roof repair yourself or hiring a professional roofing company, you're no doubt weighing all the aspects like your safety versus your budget. One aspect of hiring a professional roofing company that could tip the balance in their favor is their bonded and insured status. This offers you a lot more protection if something goes wrong than if you were doing the repair yourself.
More Protection for You
Roof repairs, especially simple ones, can often be done by a skilled homeowner. But if something happens during the repair, such as a defective tool causing more damage, you are really the only one responsible for the damage unless you want to pursue legal remedies against the toolmaker. These can take a long time to be resolved, of course. If the same thing happens when a bonded and insured roofing company is doing the work, though, then the surety bond or liability insurance takes over the financial aspect, protecting you from additional costs.
Surety bonds cover work that isn't completed or that is done terribly. Insurance covers injuries and additional damage caused by the roofers. If you decide not to hire roofers and do the work yourself instead, you have no bond. So if you get distracted and don't finish, there's nothing you can do except get back to work. That's not always as easy as it sounds.
If you get injured, hopefully your medical insurance will cover you, and hopefully your homeowner's insurance will kick in as well. However, both of these are dependent on the actual policies you have in force. Sometimes insurance coverage excludes incidents where you were participating in something known to be risky.
Avoid No-Insurance/No-Bond Companies
One other option that could be tempting is to hire a company that isn't bonded or insured. Chances are they'd have lower prices than a fully insured and bonded company, but if something were to go wrong, you could end up spending more money to fix the problem. There would be no insurance to handle medical costs if a worker were injured, and no bond to cover finishing the work if the company were to leave the job undone.
If you want more information about how bonds and insurance can protect you and your home when roofing repairs need to be done, contact both your homeowner's insurance agent and good roofing companies in the area. No doubt everyone involved will have tales of times when things didn't go as expected and how insurance or the bonds saved the situation. Talk to a professional like David Construction, LLC for more information.