Quote:
Originally Posted by blueash
My proposal would be that homeowner's insurance cover roofing as a depreciating asset like when you buy tires. Full replacement for 2 or 3 years then decreasing coverage down to zero percent after 15 years for claims related to weather damage. You could optionally buy 100% replacement roof coverage, but you can be sure it would be expensive.
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For years I've wondered why home insurance isn't prorated, just as you say, for roof damage. Insurance is prorated on cars -- you don't get a new car if your 10-year old one is wrecked. It seems blindingly obvious to cover roofs that way.