[Battlebasset]

I would be happy with "self-insuring" my roof with a higher separate deductible if it would lower my annual premium. A roof is not an item without a known life-span or even a fixed maximum cost. Eventually, even without wind damage, it will need to be replaced at some point.

You want a $250 deductible and a full roof replacement even if 15+ years old with only moderate damage? Pay the premium for it yourself, don't ask others.

[retiredguy123]

Originally Posted by Battlebasset

I would be happy with "self-insuring" my roof with a higher separate deductible if it would lower my annual premium. A roof is not an item without a known life-span or even a fixed maximum cost. Eventually, even without wind damage, it will need to be replaced at some point.

You want a $250 deductible and a full roof replacement even if 15+ years old with only moderate damage? Pay the premium for it yourself, don't ask others.

The problem is that the roof protects the entire house from expensive damage. If the roof blows off, the rest of the house and the contents are destroyed. That is why insurance companies want you to have a roof that is in good condition.

[G.R.I.T.S.]

Originally Posted by Florida Fan

My 90 yr. old mother-in-law, who lives a short distance from us received notification that her homeowners insurance will be cancelled due to her roof being almost 15 yrs. old. So the hunt will be on. Are there any insurance companies that would insure a 15 yr. old roof or should I be getting roofing estimates? Thanks for your time.

The same happened to us. Our roof had been inspected (our request) and was found to be in good condition. We found Farm Bureau in Wildwood to insure both our house and car. Great company.

[Vicxyz]

Our roof is 18 years old, and we were able to get reasonably priced insurance. Try Dee’s Insurance and Kin Insurance. You will probably need to get a four point inspection with wind mitigation.

[me4vt]

It’s a $💸💵💰racket!

[sweetemmie6@gmail.com]

We have had USAA insurance for 55 years. When we heard about this 15 year problem, we contacted them. The agent said that we did not have to get a new roof for insurance purposes but we could have their inspector check our roof if we wanted. We did, he suggested a new roof but that was an option at this time. We got a $22,000 roof and we only had to pay $2000. We used Sky and they were fantastic. The inspector said that it was the best job he had seen.

[nancyre]

The issue with the roof is not the roof itself. It is the damage created below when the roof fails.

[Pmota]

Had that happened to us on the home we sold. Roof was 15 years old and the insurance company we had since we got that home sent us a letter that they were not covering us anymore due to the age of the roof.
We looked around and the only one that was willing to cover us was a company out of California. We paid dearly for the coverage $$$$.
We had company others that we were able to convince to come over and inspect the roof (something we had just done about a year before and were told we still had a good few years on it); the inspectors that did come out agreed that the roof was still in good shape but because of the policy/red tape the companies have to do what they were doing.
I would look for a good roofer.

[OhioBuckeye]

Now you know why Insurance Co. never go broke. You know certain people in this country are trying to change us. That’s terrible that they would do that.

[jrref]

Originally Posted by Bogie Shooter

Appreciated home value can also contribute to premium increases.

Exactly and the cost to repair your home has gone up significantly. These are some of the reasons why premiums increase.

[Janie123]

Originally Posted by OhioBuckeye

Now you know why Insurance Co. never go broke. You know certain people in this country are trying to change us. That’s terrible that they would do that.

My best friend’s wife is an insurance broker. After Ian, she had 5 of her companies she carries go out of business.

[nn0wheremann]

Originally Posted by Florida Fan

My 90 yr. old mother-in-law, who lives a short distance from us received notification that her homeowners insurance will be cancelled due to her roof being almost 15 yrs. old. So the hunt will be on. Are there any insurance companies that would insure a 15 yr. old roof or should I be getting roofing estimates? Thanks for your time.

Farmers. Mine is 19 years old, and they have been reasonable about insuring it so far.

[Daxdog]

Find a insurance broker, I never heard of them either, but our neighbor did, lowered his cost, we did it lowered our cost over $500 a year.

[Whitley]

Originally Posted by retiredguy123

Buy a new roof.

What this will lead to, is people buying lower quality roofs. Why pay for a 30 year roof when you will have to scrap it in 15 years. The entire insurance system is broken. From providers providing quotes for a property to only one agent, to reinsurance, to requiring individual policies on a multi building association the system is broken. Plenty of blame to be spread around. The insurance providers like to blame lawsuits as one of the major reasons for high rates. Ask them what percentage of claim denials that make it to arbitration or court they lose.

[Whitley]

Originally Posted by OhioBuckeye

Now you know why Insurance Co. never go broke. You know certain people in this country are trying to change us. That’s terrible that they would do that.

Go Broke? They reinsure the policies they issue! Guaranteed not to lose money. On top of this, Florida has a slush fund to be used to help insurance companies if they need to pay claims FHCF.