Property insurance and roofing

[Sam Zawatsky]

I've got a property that I recently purchased with cash at tax deed auction. I have not yet set up property insurance, and there is a tenant living in it. When I called an insurance company while looking for a quote, they asked me about the roof and the age of it. While the roof is not leaking, I believe it is older and could cause me to pay more for insurance each month. What is your experience with the cost difference of insurance with an old vs new roof? Is it worth it for me to rush into getting a new roof for insurance reasons?