New roofs causing higher insurance rates
When I received our homeowners policy and noticed the significant increase in our annual premium, I started doing some research. Please be aware that these roofing companies are preying on the elderly who will believe what they are told since most are unable to see the roof themselves. They are also having you sign an assignment of benefits saying that they will take care of your roof for you with no money out of pocket. The reason is that by signing that form, you are waiving your negotiating power and allowing them to charge your insurance company whatever they please for your new roof. This then raises everyone's insurance premiums. If you look at switching insurance companies now when your rates are high, you also will need a roof that is less than 14 years old for them to consider taking you. All of these claims and new roofs that probably weren't necessary are causing everyone's rates to go up.
I encourage you to google: assignment of benefits Florida, for more information on the form roofers are having you sign. Be extremely cautious of people who come around knocking on your door offering services! Most are out to take advantage of you. Do your research and take your time with making decisions. |
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An insurance adjuster checks your roof to see if needs repair or a new one. It's up to them.
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Agreed. Roofers are quite busy around here. Have had a number of sales people trying to convince me my 6 yr old roof needs to be replaced. Previous discussion here: https://www.talkofthevillages.com/fo...highlight=roof
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Something smells! Contact your insurance agent for the truth.
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A lot of the information in your post is not correct but yes due to the amount of roofs that have been put on in this ZIP Code, insurance rates have gone up especially if you happen to have an older roof. It’s not that the premium has gone up that much, they have raised the wind and hail deductible significantly if your roof is beyond a certain age. Pretty much forces you to replace any roof that’s more than 17 or 18 years old
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I actually have a video showing one of the roofing contractors doing an inspection and sabotaging the roof. If you’re going to have your roof inspected by a roofing contractor you need to watch them while they’re doing the inspections.
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If the insurance company’s inspector and the in house adjuster approves he claim as damage replacement then why would you not replace? As in any major home repair situation always do your due diligence before signing a contract. Before coming here I lived in Charlotte County FL. After 2 hurricanes our homeowner’s insurance nearly doubled, yet our home only had minor issues. Whether you like it or not we all pay for the natural storm damage in higher rates, and in all cases that includes ones that fall prey to scammers adding to the increases. DUE DILIGENCE!
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Yes there are companies doing that but my insurance cancelled my policy in 2019 because they could. I had one claim since 2007 for $800 and that was the end. I tried to get coverage and no one would insure me because my roof was too old. So I called a roofing company to get a new roof and they took one look at the roof and said I had lots of damage from wind. I did have some shingles off. The end game of the story was that the company that cancelled me for that little claim ended up buying me a brand new roof and that was what I call poetic justice. I would never have replaced the roof had they not cancelled my policy and given me six months notice to do find someone else.
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Free roof inspection
Really? That free roof inspection will cost you dearly. The first thing the roofing company did was to send a solicitor to your door in total disrespect of You and the rules of the villages.Take their business card and report them to your insurance company. Better yet report them to the state insurance commission.
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New roof
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OMG, Can't imagine what the insurance rates will be out West after all the fires are out. I don't think it would be a good idea to rebuild in that area.
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