[villagetinker]

Originally Posted by Will.S

I have been reading some TV posts that confuse me regarding insurance. I have NEVER heard this before in any state Ive lived outside Florida. Does the home insurance that covers your physical structure and ROOF..... Also cover HVAC & WATER HEATER ?

My question for clarification is we will be buying in the villages very soon. IF we buy resale, it will be 8 years old (or we will buy new). Some people mention the age of all three of these things like the home owners insurance covers all three so if they are older, they're maybe an insurance issue at the 10 yr mark.

Thanks for your time.

Insurance here is the same as where you are now, it does not cover 'wear and tear', it covers damage due to covered events. In Florida, lots of shysters conned people to sign "assignment of benefits" documents which allowed the shysters to have COMPLETE CONTROL of the roof replacements up to and including filing suits to have roofs replaced. The con was the people were told the roof replacement was FREE. Florida did pass a law to bar this activity, however there is a loophole, sorry I do not recall the details, however, the bottom line do NOT sign an assignment of benefits document under any circumstances.