Quote:
Originally Posted by Rosie1950
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.
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That is not true. Policies that insure the quality of homes in TV will almost certainly have "Replacement Cost Value" (RCV) meaning when you replace the damaged item it will be paid at full replacement cost ie: new. The insurance company accepted the risk of insuring a roof that is 20 years old it is on them to pay any legitimate claim.
I disagree they pay only when they "have to". The policy is a contract. If something is covered by the policy/contract they are going to pay. Otherwise it is bad faith and that cost them a LOT more than paying claims they clearly owe based on the policy.
I don't mean to come off defending Insurance companies but the reason Florida has marginal (and I'm being kind) insurance carriers is because all the lawsuits and unscrupulous contractors out there taking advantage. If writing an estimate large enough to cover your deductible isn't insurance fraud I don't know what is. Again, we are the ones paying for it in the end.