I understand a $50,000 bond is hefty but insurance companies are requiring new roofs - which on a house our size are about $25,000, then there is the HVAC which is $13,000 and the hot water heater. So we are going to be spending money either way. We were just thinking about building a larger home with more space and a view versus keeping our present home and replacing everything that is about 13 years old. I am not sure how the insurance can request the new roof when our roof warranty is 25 years, but it is happening and three neighbors on our block have replaced their roofs not due to damage but to keep their homeowner's insurance.
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