Usually one of the stupider ideas is to have government get involved with business. But since they did I'd like to suggest that the law written is terrible. So we're at least two different ways that it could have been written better one is allowing insurance companies to have an option not to cover the roof and reduce the premium accordingly but allow insurance coverage on the house, the second would be to cover the roof but to allow coverage to be based on usable life left in other words if your house is one or two years old there's no deductible on depreciation of the roof but for every year I'll have 5% deductible depreciation so that after 15 years they'll only pay 25% for replacement minus whatever your actual deductible is IE 4000 or $5,000 so that it doesn't pay to make a false claim. Insurance companies should be allowed to make money but that doesn't mean homeowners should be able to rip them off
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.
|