September 15, 2022
Roofs are the first line of protection for homes against harsh weather, rain, and sun rays.
In a state like Florida, where hurricanes, rain, and storms are a more than just a seasonal occurrence, well-constructed roofs are an important part of any property.
Hence, roofing projects should always be completed correctly by experienced professionals.
However, roofing projects are expensive, and home and property owners should always opt for bonded roofing from bonded roofing contractors.
If you live in Hollywood, you can benefit from the services offered by J & K Roofing, a bonded roofing company with bonded roofers available in Hollywood, FL.
Many of you may be wondering what bonded roofing and bonded roofing contractors are.
Let’s discuss bonded roofing in Florida and why bonded roofing contractors are important for your roofing solutions.
Bonded Roofing in Florida
Roofs are an investment and when you are looking for roofing solutions in Florida, you should always opt for a bonded roofing contractor to protect your investment. Sometimes known as a surety bond, a bond is a legal contract.
In roofing, a bond protects you against monetary loss if your roofing contractor fails to perform the agreed-upon task. It means your roof investment, as a property owner, is protected in case your contractor fails to deliver the agreed-upon terms of your contract.
Florida is a prime location for roofing services.
The tropical weather, hurricanes, windstorms, and rain contribute to roof damage, especially on roofs that are not well-maintained. This has resulted in plenty of roofing contractors flooding the Florida market.
In a sea of competitive roofing contractors, you may be tempted to choose one that gives you a better price. While there is nothing wrong with this, you may find that such a contractor is not up to standard. In such scenarios, bonded roofing contractors stand out.
Bonded Roofing Contractors
To be a bonded roofing contractor in Hollywood or any city in Florida, roofing contractors have to go through extensive paperwork and provide a lot of information to a bonding company. They have to submit things like a detailed business plan, several financial statements, proof of credibility, available credit with a bank, and much more.
To put it simply, they have to pass a certain standard and prove their legitimacy, finances, and compliance. Only then can they become bonded roofing contractors.
For residents of Hollywood, this means choosing J & K Roofing, a bonded roofing contractor with bonded roofers in Hollywood, FL. We have over 30 years of experience in serving the roofing needs of South Florida residents.
Types of Bonds
Due to the higher costs of materials and labor, bonded roofs are more common in the commercial and industrial sectors. However, there is no reason homeowners cannot take advantage of bonding. Here are some common types of bonds.
- Performance Bond
An insurance company or bank issues a performance bond that guarantees adequate completion of the roofing project by the hired roofing contractor. The performance bond gives property owners some assurance about the roofing contractor completing the roofing project to their satisfaction and according to the contract.
If the roofing contractor fails to complete the roofing project according to the contract for any reason, the performance bond guarantees that the property owner will not lose any money in bringing in another roofing contractor to complete their roofing project.
- Bid Bond
Unlike a performance bond, which is used to ensure the roofing project is completed correctly, a bid bond is used to help select the roofing contractor that will get the project. These are usually done for medium to large commercial or industrial projects.
The lowest bidder gets the roofing project and signs a contract that gives the owner assurance that the bidder has the financial means to undertake the roofing project for the price quoted in the bid.
Hopefully, you now understand bonded roofing and why Florida residents should opt for bonded roofing contractors. The protection for such an expensive investment can be the best decision you make for your roofing in Florida.
However, there is only one drawback to hiring bonded roofing contractors, your roofing project will cost slightly more than usual. Although, the protection and peace of mind you get as a home or property owner, is well worth the minor increase in roofing costs.If you want to learn more about bonded roofing in Florida, or if you are looking for the best roofing company in Hollywood, FL, please visit our website today.