[Whitley]

Originally Posted by Janie123

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

Go out of business or pull out of Florida?

[Battlebasset]

Originally Posted by retiredguy123

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.

Fully understand that. And a higher separate deductible would not remove that requirement. It would just stop the "Oh, I have some missing shingles. I should get a new free roof so all of the shingles match!"

Case in point - we have a house in our neighborhood that had a small addition put on it. The new shingles don't quite match the rest of the house because the original roof is about five years old. It's perfectly serviceable, and in a couple of years, you won't be able to tell. If it was the insurance company's money I'm sure he would have not put up with that, and insisted on all new shingles.

[Whitley]

In the past three years, one of my clients Wind Insurance policies has almost tripled.
This is the result of the state allowing providers to cancel existing policies (right before hurricane season)mid term, and the need to put together a multi tier provider policy.
Looking back, they should have gone with Citizens. The annual increase is limited to 12% (going to 15% over the next three years). This would have saved millions over five years. If you have the option, perhaps consider Citizens. They have an annual ceiling on how much they can increase your premiums, and for now they are flush with cash. While the initial year rate may be higher, after one year it will most likely be lower AND you have forward control on your increases.

[retiredguy123]

Originally Posted by Battlebasset

Fully understand that. And a higher separate deductible would not remove that requirement. It would just stop the "Oh, I have some missing shingles. I should get a new free roof so all of the shingles match!"

Case in point - we have a house in our neighborhood that had a small addition put on it. The new shingles don't quite match the rest of the house because the original roof is about five years old. It's perfectly serviceable, and in a couple of years, you won't be able to tell. If it was the insurance company's money I'm sure he would have not put up with that, and insisted on all new shingles.

I admit that I don't understand why there so many new roofs being installed. But, I would think that, if you only need a few shingles, the insurance company should say no to a new roof.

[Arctic Fox]

Originally Posted by nn0wheremann

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

Another vote for Farmers.

Rate went up about 10% this year but still cheaper than the other quotes I got.

[jparsoneau@aol.com]

I do believe you can get an insurance policy on an older roof but they’re going to charge you an extreme amount for that policy. I would check both roofing quotes and insurance prices. And with your mom being 90 years old, she’s going to need a new roof or you’re going to need to put a new roof on when you sell the place anyways so feel free to check on both but I would just probably go ahead and put the new roof on and be done with it

[jdigman]

I have read that Farmers will insure older roofs.

[MrFlorida]

Shop around, some will insure an older roof, but your premium will be higher than with a new roof.

[GmaLisaG]

FYI it's not just in Florida and just the Villages that claimed for new roofs.. happens other places as well. Hail storms in Georgia and the Carolina's send out the roofers also.

[rjnueland]

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.

You can have the roof inspected and hopefully the roofer says the roof has 5 more years, submit that to her insurance company

[OhioBuckeye]

Did you ever wonder why they went out of business? The only ones that survive is the biggest ones! You made a good point why couldn’t they survive.

[OhioBuckeye]

Really sorry to hear this, but this goes to show you that Ins. Co. & Govt. are bound & determine to bankrupt American people so they can get all of America dependent on the them. I did read this in a earlier TOTV.

[joelfmi]

speech is silver, slience is golden, alot of communities do not have exterior maintenance covered by the community were they repair your roof or replace it after a period or a number of years it is figured into the common charges you pay monthly for this. It seems this community does not have this, so you have to pay with or without insurance. Next time when you buy into a community ask this Question. That is WHY due diligence is very important before you buy into any community.

[KAM+6]

Originally Posted by joelfmi

speech is silver, slience is golden, alot of communities do not have exterior maintenance covered by the community were they repair your roof or replace it after a period or a number of years it is figured into the common charges you pay monthly for this. It seems this community does not have this, so you have to pay with or without insurance. Next time when you buy into a community ask this Question. That is WHY due diligence is very important before you buy into any community.

That is called an HOA. We do not have HOA fees which could cost hundreds per month. I have friends that are paying $675 per month in HOA fees.

[Dotneko]

Originally Posted by joelfmi

speech is silver, slience is golden, alot of communities do not have exterior maintenance covered by the community were they repair your roof or replace it after a period or a number of years it is figured into the common charges you pay monthly for this. It seems this community does not have this, so you have to pay with or without insurance. Next time when you buy into a community ask this Question. That is WHY due diligence is very important before you buy into any community.

I know knocking the Villages is one of your favorite passtimes, but we do not have an HOA, Our monthly fees of $175 or so covers twice weekly garbage pickup, care of the greenery around us, maintenance of golf courses and cart and walking paths. Who would begin to think that small amount would cover a replacement roof???