Quote:
Originally Posted by RRGuyNJ
Has it ever been looked into about possibly getting the population together and start a self insurance company that would cover roofs only. Maybe have qualified trust worthy inspectors and take care of the members roofs as they are truely required. Remove the regular Homeowner Insurance company completely when it comes to roof related repairs or replacements. It would be a lot of work for sure but in the end it may work out if enough homeowners got involved in it. Just an idea, maybe a crazy one.
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The problem with the insurance industry is that it is very heavily regulated by the Federal and State governments. The HO-3 homeowners policy is written by the state, and all insurance companies must provide the same coverage. They cannot exclude the roof from the policy, even if they wanted to. That is why some insurance companies decide to stop selling policies in some states.