Quote:
Originally Posted by Choro&Swing
Perhaps you can answer a question for me. If I buy new shingles for my roof, they come with a warranty, perhaps twenty-five years, or forty, depending on the quality. However, that warranty is pro-rated, so if my shingles start falling apart in ten years, the maker will only pay part of the cost for replacement, and perhaps not the labor for removal or replacement.
But if you claim shingle damage from a storm, do insurance companies usually pay full replacement cost, minus the deductible, which might be only $500? So if someone is willing to climb onto your roof and certify that you have storm damage, you can file a claim and receive a new roof that might cost $25,000? You get this even though you live in a house that is 22 years old, and your shingles were 25 year shingles and were due to be replaced in the near future, paid for entirely by yourself. The damage by storm might be minimal and debatable, but maybe some lawyer is willing to threaten a law suit if your insurer won’t pay, and the insurer would rather pay than have to spend that much having its own lawyers defend it in court.
I realize that with insurance, we essentially pool our money nationwide so those in need can get paid. I realize this is legal, but getting these new roofs seems rather close to insurance fraud. It saves us a LOT of money we probably don’t have (maybe more than we have paid for house insurance in our entire lives), but actually, usually our “storm-damaged” roofs are still working fine and not leaking. Are we sort-of making false claims and passing on the costs to our neighbors? Is this moral? Does it give anyone qualms?
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While I see how you can come to that conclusion, let me say our house is 12 years old. We are in an area that Owens Corning admitted to have inferior roofing products.
We have to have a new roof. When our adjuster showed up he blatantly said the roof should have been replaced several years ago. My hubby who KEEPS EVERYTHING, had the paperwork from Owens that they inspected the roof and it was fine. Evidently Owens was cherry picking homes to reroof, ours not being one. Same thing with my neighbor.
Seems to me the fraud is with Owens Corning AND the building inspectors that we pay for through tax dollars.
As far as I’m concerned my insurance company should go after Owens. One thing I know for sure INSURANCE COMPANIES DON’T PAY UNLESS THEY HAVE TO!!! So some are under the influences of the conspiracy theories that everyone including ADJUSTERS are dishonest and make big bucks off of this. My suggestion to them is to relook at who the fraudulent parties are.
Anybody remember the siding debacle? Where were the inspectors when the homes were being built. That was our area too. Had to have an inspection for that too, so far the siding hasn’t blown off the house, thank goodness.
By the way a house 20 year old home with a 25 yr roof, will not be paid for by insurance. The roof will be considered end of life.