No Dollar Limit Roofing Warranty Definition

The last option is an ndl or no dollar limit warranty.

No dollar limit roofing warranty definition.

These warranties like all manufacturer warranties are subject to certain terms and limitations stated by the manufacturer. What does pro rated mean. This is usually considered to be the most favorable kind of warranty because it means the manufacturer will take full responsibility for the associated costs of repairing a defective roof without placing any restriction on the amount they will spend. With an original cost warranty the manufacturer is only obligated to cover repair costs up to the total of the original roof purchase.

Materials only warranties are worth little if anything because roof replacement projects that. There is normally a charge for no dollar limit warranties. The warranty only includes roof leakage that is caused by defects in labor or materials. Prorated warranties diminish in value over their lifespan.

Materials only materials and labor on a pro rated basis and no dollar limit ndl. Failure of the owner to do so shall automatically relieve both sheffield and the installation contractor of any and all responsibility and or liability under this 20 year weathertight limited warranty. A no dollar limit warranty assures that a manufacturer will spend whatever it costs to repair a roofing system leak. With an original cost warranty the manufacturer is only obligated to repair leaks costing up to the total of the original roofing purchase.

These are referred to as no dollar limit or ndl warranties. It does not include damage caused by abuse to the roof. A no dollar limit warranty reimburses owners for the full replacement cost of the roof for the entire term of the warranty. This absolutely does not mean that the manufacturer will pay for everything no matter what the cost to repair or replace your roof.

What is an original cost warranty. Some warranties however cap repairs at the original cost of the roof or per square foot amounts that are based on the size of the roof penal sum warranty. Most commercial roofing warranties do not include specific monetary limits. Roof warranties come in three basic types.

Warranty period and within 30 days of discovery of any leak in the roofing system.