[Topspinmo]

Originally Posted by retiredguy123

If the insurance company gave you a check for $12,000, why didn't you shop around and find a roofer who would charge less, and pocket the savings?

Wouldn’t the honorable thing to do would be turn over and excess money to insurance company?

[Topspinmo]

Originally Posted by Michael G.

When we bought our house, the sky lights showed leakage, so the seller paid for them when I had a new roof put on for $8,500.

Three years later I had hail damage along with other neighbors and we all needed new roofs.
We had a roofer say our roof needed to be replaced and our insurance adjuster came and said yup,
you need a new roof and they cut me a check for $12,000.

Guess how much my roofer charge me to replace my three year old roof, yep, $12,000 to the penny.

That roofer screwed me though my Insurance Co.

Surely wasn’t in this area. I only seen pea size hail and pea size hail don’t damage anything.

[retiredguy123]

Originally Posted by Topspinmo

Wouldn’t the honorable thing to do would be turn over and excess money to insurance company?

Is that a serious question? The insurance company has the option to replace the roof themselves, or to pay you for the estimated value of the loss. You have no obligation to spend all the money, or to reimburse them. The claim is settled when you accept the check.

[Byte1]

Originally Posted by Topspinmo

Wouldn’t the honorable thing to do would be turn over and excess money to insurance company?

[kkingston57]

Originally Posted by MrFlorida

Beware, scammers are coming around, offering a free roof inspection. I had two of them in the last few weeks....No matter what they say, they are there to separate you from your money.

Partially correct, they are trying to get money from insurance company(in the end we all pay due to higher insurance premiums).

If you do get a roofer to re roof your home do not sign an AOB(assignment of benefits) contract. You are assigning over your rights that you have to the roofer and they are are going to pursue claim against your insurance company.

PS I was in the insurance biz for 40+ years.

[427dave]

Originally Posted by Philipd411

I keep hearing about insurance rates going up once you roof is 7 years old or older. Are people having this issue or is it just rumor's?

AIG sent us a letter stating our deductible for roof damage was changed to $15,000 and increased the premium also. They did give me a choice for double the premium they would give me the $500 deductible back. I called agent and they (Villages) said there was nothing they could do about it. I cancelled and got a different insurance company and found out Villages had screwed me on vehicle insurance also.

[bilcon]

My homeowners went up up $800 last year, (never had a claim and roof is 10 years old. This year it went up again to $2100 and still no claims, but the new roof damage replacement section of the policy sucks. Will be looking. Nothing wrong with my roof.

[Malsua]

Originally Posted by Philipd411

I keep hearing about insurance rates going up once you roof is 7 years old or older. Are people having this issue or is it just rumor's?

I own two villas here in TV. One, with a new roof is about $600 with one company. The other with an old roof is $1306.00 with Tower Hill.

I tried to switch, but the 4 point inspection said the roof has about 3 years of life left in it. Not a surprise, we know this. The cheaper company wouldn't write the policy. The policy was under $800 3 years ago.

So, as far as I'm concerned, yes, they have raised my insurance cost because of the roof and because all of the roof "fraud" that has happened in the last few years.

[Topspinmo]

Originally Posted by 427dave

AIG sent us a letter stating our deductible for roof damage was changed to $15,000 and increased the premium also. They did give me a choice for double the premium they would give me the $500 deductible back. I called agent and they (Villages) said there was nothing they could do about it. I cancelled and got a different insurance company and found out Villages had screwed me on vehicle insurance also.

I agree All village insurance does is add to cost of insurance for their cut.