Quote:
Originally Posted by mikreb
Beginning July 1st insurance companies in Florida can no longer deny coverage if the roof is under 15 years of age. If the roof is 15+ years old and insurance company requires roof replacement to continue coverage you can hire a licensed inspector to examine the roof. If the inspector determines there is a minimum of 5 years of life left on the roof the insurance company cannot deny new coverage or renewals.
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Quote:
Originally Posted by Stu from NYC
Good news
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But does it prevent them from increasing your rate astronomically on that renewal or charging you much more for a new policy on an older roof? Not according to the quoted article. So I guess it will force them to insure you but not control how much of a premium they can or will charge. Then the Mr Homeowner might say "sorry, not going to deal with you Mr Insurance Company" and Mr Insurance Company will say "that's the idea."
After a few years insurance prices may drop (yea, right, haha) because scammers will be shut out.