Talk of The Villages Florida - Insurances and roofs

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- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - Insurances and roofs (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/insurances-roofs-343446/)

Quote:

Originally Posted by margaretmattson (Post 2247944)

Your statement is true. Your insurance is only valid for the time period stated on your policy. An insurance company, as with all companies in the USA, are free enterprise. There are no rules that state an insurance company must take in new customers or keep the ones they have. So yeah, the law is meaningless because the insurance company can easily find another reason to dump you or not offer policies to new customers.

As for the discussion on metal roofs, I believe there was an entire CYV section constructed with metal roofs near the Lopez Golf course. (Summertree or Springdale maybe is the name? not sure. This was many years, ago) I do not know what condition those roofs are in now or if they have been replaced with shingles. Have not heard about them in several years.

Village of Caroline (across from Sumter Landing) has a couple of metal roofs. We have concrete tile roof, majority of roofs in South Florida are the same, very few here, not sure why, most are 80 year roofs. When the Villages insurance insisted on new roofs, we found another insurer, now that insurer is leaving Florida, so will self insure if that is only option. Wish we would have self insured 50 years ago (no claims) , we could have bought a house with savings, lol.

Quote:

Originally Posted by Blueblaze (Post 2245882)

Well, if the roof was bad, I'm glad the buyers get a new roof out of the deal. But it's more likely that they just couldn't find an insurance company that is willing to abide by the 2022 law that forbids an insurance company from rejecting coverage due to a 15-year-old roof that has 5 years of life left in it.

But good news! There is at least one honest insurance company left -- Kin. They just wrote a policy on my perfectly serviceable 16-year-old roof at a very reasonable rate. Unlike these moronic Florida companies that insist on writing full-replacement policies on a depreciating asset, Kin depreciates the coverage of the roof as it ages, so they don't have to worry about roof scammers.

I have KIN as mine is dwelling insurance.......they doubled me practically after my first year with them!!! I wont change it over to a normal policy yet as I dont know when I can move in yet. It maybe another rental but I hope NOT

Quote:

Originally Posted by Andyb (Post 2246564)

I got an old roof and have no problem with insurance. They may charge more for insurance, but you can still get it. You need to shop around.

Who do you have?