Quote:
Originally Posted by Nacoma
Here’s the real problem with the roofing scams. In my opinion it’s often not the fault of the homeowner (who wouldn’t want a free roof?) or roofing company scamming homeowners by claiming they need a new roof when they really don’t. The blame is squarely on the insurance companies for choosing not to pay for legal fees to fight theses lawyers the roofing companies have hired. The insurance companies have chosen to just pay for the new roofs and pass the expense off to all of us homeowners by upping our premiums. Insurance companies will always take the least expensive option on any matter when deciding to honor any claims including unfair claims. Rather than paying for expensive legal fees fighting cases they often choose to just pay and pass the expense off to the homeowner by raising insurance premiums. SO; by THEIR DECISIONS ALONE not to to pay for litigation and fight such faults claims as the roofs in Florida your premiums go up or in some cases they just fold up and and move on refusing to operate in your home state anymore.
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Where do they get the money to do what you have stated? Everyone thinks insurance companies have millions of dollars. If you have a home insured for $300,000 that is 10 years old. Original premium first year was $600.00 and each year with up $100.00. Roof claim is $20,000. Legal fees to fight that claim around $100,000 or more. Over a 10 year period you paid less than $20,000 in premium. Company has minimum $80,000 loss. Multiply that by hundreds more homes. $1.7 billion in a little over year. Add inflation cost too. Think about it.