Quote:
Originally Posted by keepsake
This roofing scam is affecting even those of us with metal roofs. I saw a $1,000 increase Jan 2022. Even thou it's the shingle roofs that the scam affects, insurance is making everyone pay for it.
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Insurance companies are prohibited from increasing premiums on individuals. Instead, they "redline" an area and increase premiums on all policyholders in the redlined area. Health insurance companies use zip codes to calculate the premium because health costs vary by region. In both cases, if an individual policyholder becomes too expensive to continue to insure they just refuse to renew the policy.