Quote:
Originally Posted by Blueblaze
Maybe you just can't read, so here is the solution, spelled out, yet again:
D-E-P-R-E-C-I-A-T-I-O-N.
So far, you've accused me of being a communist, being too poor to live here, and being a five-year-old. Interestingly, the censors haven't said word one about your personal attacks.
The one thing you HAVEN'T done is poke a single hole in my argument.
Seriously, when someone defends such obvious corruption so vigorously, you have to wonder at the source. And the fact that you get to break the rules with abandon makes me wonder if there's a sponsorship aspect here.
Should we call you "Roofer Jim"? Or maybe Kin Jim?
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I was in the insurance adjusting biz in Florida for over 40 years. Worked for a company and as an indendent adjuster. There are a few insurance companies in Florida who have what I would describe as "shady" adjusting rules. These companies have a much higher % of litigated claims and when the insurance company loses a case they pay out 3-4X more than if they paid the claim.
In Florida there is very little corruption by insurance companies. They are highly regulated and if a good plaintiff attorney gets wind of "corruption" they can and will file suit against the insurance company and their probablitity of winning is high. For this reason and other reasons there is a high failure rate of insurance companies in Florida. Bet anyone can find more corrupt lawyers, public adjusters, roofers, general contractors than insurance companies. They have a lot more incentive to be corrupt than insurance companies.
Regarding depreciaition, Florida has had Replacement Cost Policies(RCV) for long before I was in the biz. They are the most popular policy out there and they are not going to go away. Policies that pay ACV(Depreciaton) can be bought but they are not very popular. Most people if they have a legitimate insurance claim would not be able to pay the full cost of repairs to their home. Depreciation might be a good idea on these ?able roof claims but hardly anyone wants to buy this type of policy.