Why Does Insurance Pay For Roof Replacements? What Homeowners Owners Need to Know
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- čas přidán 4. 05. 2022
- Many homeowners are scared to use their insurance. But roof damage is no joke. Even if it's "minor." Here's WHY the insurance company covers roof claims for hail, wind, or hurricane damage. Every property owner needs to know this.
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Insurance should pay for roofs to avoid paying for the entire inside of the home next hurricane season, but some companies still haven’t learned that lesson.
Right?
Answer on that. File another claim.
Great video my man! Learning so much from your youtube videos, keeping pumping content.
Good information as always! Thanks Adam
🙏
Yeah. I wish I'd gotten this information years ago.
Great Video to start the day out!
💪❤️
Very interesting 👌 love it
Thank you! Cheers!
When only a small portion is found to have damages or below deductible…now the policyholder added another claim to policy and jeopardize rates going up or possibly getting dropped from their carrier
Great information, even for real estate agents to give informed information to your sphere, or relegate any concerns current and potential home owners may have. Thank you!
🙏👊♥️
Great content as always! Any videos about being in this business during a recession? How does a economic downturn affect this industry?
Thanks man. Glad to have you here. This industry is pretty much recession proof :)
I bought my first house on Dec 2022 and payed house insurance in full now is March 2023 and i get informed that they send someone to inspect the house also in Dec 2022 before i even moved in now there requesting me to fix the roof or risk cancelation by the end of the year 2023 dont kno what to do
My bro got me on this channel 💪🏾💪🏾
Glad he did and welcome to the channel! 💪
A cat got on my roof and tore up the ridge vent.
Its a 25 yr old roof so it needs to be replaced.
We always have heavy storms and it gets beat up every year.
Full direct sun doesn't help.
When is the podcast??
I tried to make a claim a year ago from hail and monsoon damage. We fixed where the damage was. Now after this last bout of wind rain and it has again damaged the roofing and seeping into the house and is now started to damage the ceilings. I have a 2,500 deductible and after 18 yrs the roof is in need of a new one. I just can't afford the deductible. We would be willing to do the work ourselves if insurance would pay for the materials I've been with this company for over 8 yrs and the last go around was just a hassle. I'm not sure which way to go after paying 8 yrs for insurance and no claims I'm starting to wonder if it's worth it.
Hey Kelly, so sorry to hear what you are going through. My best advice is to find a local roofing contractor who specializes in storm damage to help. They can guide you through the process and help make sure that all necessary repairs are documented appropriately.
Also, the right roofing company will be able to provide very affordable financing options to help with your deductible. Hope this helps and sending my best your way!
Hey Kelly, hopefully everything has been sorted out by for you by now.
Briefly adding onto Adam here, it may behoove you to look into what sort of warranties the contractors offer as-well if you are ever in this type of situation again, I can only imagine how frustrating a $2,500 deductible can be especially when you are barely over half the expected lifespan of a roof and already facing major repairs.
Some offer an additional labor/material warranty you can get on top of the manufacturer warranty, I've been working with a Platinum Preferred company and I've seen us run 50 year warranties like that for a few hundred bucks. You might be able to get an equivalent of sorts like a 20 year warranty or something to that effect, could spare you some hassle and save you some money in the future.
Thanks for the informative video. Our roof is only 13 years old and we have leaks. We don't know if they were possibly caused by wind damage or perhaps limbs falling on house, since both have occurred at points in time since we've lived here but with no damage immediately apparent. I just discovered leakage at the point where the roof meets the wall, and water damage to a bedroom ceiling. Also, a couple of small drips in other places. For a roof to fail after only 13 years, do you believe insurance would cover? I have all the paperwork from the roof installation which the previous homeowner had done.
Likely not. For it to be covered by insurance there would have to be an identifiable event that caused the leak. So if there's shingles that have blown off, yes - but if it's workmanship related then no. I would contact a storm damage expert (roofing company) and have them take a look to see if they can help you through the process.
@@TheRoofStrategist Thank you. We followed your advice. Unfortunately, we're going to have to pay out of pocket for a new roof. Sad that a roof can fail after only 13 years with no coverable damage. The previous homeowners hired the contractor who apparently did a horrible job and used poor quality materials.
Love your videos, you’re doing a great job. Something that bugs me though, is sometimes you give too much unnecessary information. It’s hard to focus on what you’re saying when you get too wordy.
Mr Homeowner? What happened to Peggy? Great video Adam Thank You
😂 I can't believe I even switched it up like that! Whoooopss! Good catch and great seeing you here Cybil :)
Can they replace the whole roofing it if one spot has leaked due to rain which could become more like you said if we don't get a claimed before it happen
The cause of the leak would have to be linked to damage caused by a severe weather event or tree damage.
Where can I find actual info about the 10% quarterly increase? I want to use it as a sales tactic.
Your supplier will likely have sent the notices to the company. Get with your company and get copies of the rate increase notices :)
Hello, I have a question do I as a contractor need a HAAG certification in order to do or start a roof claim just insurances?
Nope!
Thanks for your video! I’m coming at you from a completely different angle; from the angle of the consumer. A very long story made short; my mother, a senior citizen, owns her home, free and clear, but she has some serious roof issues that need to be fixed as soon as possible. Because she no longer has a mortgage, there’s no home owner’s insurance in place. What are the best ways for a senior citizen with excellent credit and a lot of equity in their home to get a loan to pay for a roof repair? I am afraid that any loan vehicle we select is going to do a home inspection and that will preclude her from qualifying because there’s quite a lot of water damage in some of the bedrooms. Signed, Desperately seeking advice and help on where to turn.
Great question. First of all, I would 100% recommend homeowners insurance even if you're mortgage free. I had a flood in my basement of my house that caused 30k of damage due to a water back up. I've also worked simple hail claims that have caused nearly $100k damage to a residential home.
That being said, a home equity loan or line of credit would likely be the best bet. However, some roofers are set up with lenders who can offer really, really competitive financing options. I would inquire with local roofing companies and then decide which financing option suits you best.
@@TheRoofStrategist thank you I very much appreciate your advice.
@@TheRoofStrategist i’m sorry, but I forgot to ask you one more question that might be a problem. 10 years ago, she hired an air-conditioning company to install a brand new central air unit in our home. After the work was done, they never sent her a bill. She called multiple times, and told them to please send her one. They assured her they would, but subsequently went out of business. Apparently, this is quite common; companies start up, use credit to get lots of equipment to install in customer’s homes, do the work, and then claim bankruptcy. Then they sell the debt to a debt collector. Anyway, 10 years later, there’s a lien on her property and I’m wondering if that will preclude her from being able to receive loans of various types. Is this going to be a problem for her?
I HIGHLY recommend you research/google and or study lien in property law because I had former coworker who took ownership of others properties and it was because they had a lien on the property
i bought a house from 1999 last year roof is fine but it looks pretty thin/old can i use my insurance to replace it or it wont cover because i bought the house like that ?
Insurance will only cover it from a covered "peril" -- meaning damage caused by hail, wind, hurricane, tree falling on it, etc. If it's just old - you're on your own. But I would highly recommend getting a roofing contractor who specializes in storm damage to come out and take a look first. Hope this helps!
Most expensive item of your home
Lifespan shortened over time
15,000-25,000 in the next 5 years
What if I was denied a full roof claim and they only offered 3800 minus 2200 deductible left me with $1400, should I return the money ? And start all over with another insurance? Does it do any good, to return the money? Thank you
You can't return the money or stop the claim unfortunately. You can't switch insurance either. Whoever insured the roof during the time of loss is responsible. I would get in touch with a storm damage expert (roofing contractor) for help. They'll guide you through the process and be in your corner.
That’s fraud bro. The other company will no about the claim anyway.
Purchasing a new house which the roof is at the end of its life, I am shopping for insurance, if I decide I want to get a new roof in a year or so after purchasing the home, how can I get the insurance company to pay it without them increasing my premium ?
any info?
File a roof claim recently n got approved but they send me a ACV check instead of RCV? I call them n ask n they said I do got RCV policy but my roof was over 15 years old n that’s why I got ACV. He said if I file before the 15 years old roof I would of got RCV. Is that true?? Meaning we needs to file our roof 15 years before in order get RCV. Please explain
Ah shoot... this is the fine print in SOME policies. The insurance agent should have informed you about that... Some policies switch from RCV to ACV after a certain time window. I would shop around for a new policy.
I'm confused. I just had someone from my home insurance company come out yesterday and inspect the roof. I do have water damage in my ceilings from a leaky roof after it had rained, he said he couldn't do anything about it and get it fixed unless a tree was to fall on the roof and make a hole. We only lived here in this house for two months and previous owners did not take care of the place at all. Should I get a second opinion from another person from the insurance company?
Shoot! Sounds like the roof wasn't maintained properly. Insurance only covers for sudden loss (severe weather damage, tree falls, etc.). I would contact an restoration specialist (or storm damage specialist) to get a 2nd opinion before doing anything with your insurance.
Definitely get another adjuster out there. Call the insurance company back. Demand another adjuster. There going to send an engineer. Watch every move they make. Don't give them any information. Get a real good roofer and contractor. You might have a pipe boot leaking. If you can get into the attic. Find where it's leaking. Take real good pics with your smart phone. Don't let them lie to you. Watch out for all there tactics. Watch all the videos on roof adjusters, insurance companies, etc. The biggest crooks in America.
same thing happened to me It wasnt covered, adjustor said our roof was not maintained. It was 40 years old.
@@stevenevangelist5221 ~ My roof is very old...i inherited it from my husband who passed...i actually don't have any money coming in, but there have been many birds and animals getting into holes on the sides of the roof and i can't get up into the attic to trap the squirrels for a bunch of reasons, nor do i have money to get a new roof or animal control., so they are dying up there but more are always coming in...i'm in a very dire situation, and very incapacitated myself...What is your advice about that as far that as far as insurance covering anything...?...i'm pretty sure the two hurricanes that came through NJ, about 10 or more years ago, had something to do with tearing the edges up...i just found out about the edges...Also, more tornadoes and tornado threats are frequently coming through here these days....i'm really bummed, most of the creatures coming in started happening this year, after he died and checks stopped, which weren't that much, but at least it was something...i;m not a senior yet, i'm 56....Thank you....🐦
@@olgagonzalez-alvarado4339Insurance does not owe for old age. You need to maintain your property and replace the roof yourself.
Does the insurance company come out to see if you need a new roof or not?
Yes they do. They will schedule a time with your roofer if you have one. It’s usually best so the contractor and insurance agent can go through the damage together.
Under certain circumstances such as a catastrophe like a tornado, they may while in the area.
Typically the answer is going to be no, they're not going to come out and ask you to put in a claim, once they're out in the field and they identify severe damage often times the damage will be documented and coverage will either be dropped or you will be contacted and informed if you don't perform the repairs they determine you need to retain your policy it will not be renewed.
How do I get in contact with you?
You can call/text our office: 303-222-7133 :) Also - there are links in the video description to access all of our products and programs. Happy to help!
Phone number?
@@TheRoofStrategist can you cover the objection that claims are what make rates go up??
All i know is i want that shirt lol
Funny enough - I got this at an Oakley Outlet store like 7 years ago 😂
First like. Wuts güd
🥇 winning! Glad to have you here!
Thank God " guiding" an insured to file a claim by a roofer is rapidly moving to a fraud status by the state ins departments.
Says?
@@vincentmarro1396 state corporation commissions
Misinformation. Because getting clueless people as yourself to take ownership of a problem they don’t see YET or have no clue how to navigate, IS NOT a priority for honest and legitimate companies. They tend to focus on the HO that want to educate themselves, presented with proof, offer them how they can help and MOST IMPORTANTLY let them decide for themselves if they choose to proceed at all. No skin off my back.
I’m sure you’re this type:
Tire shop: Sir you have a tire that has a nail on the side wall and it cannot be repaired and needs to be replaced AND here’s why…….
You: oh I’m sure you are a scammer, I don’t believe you. I’m sure you are “guiding” me to blah blah blah and I’m sure I can use a plug from Walmart that cost $3
Tire shop: ok sir have a great day
You few weeks later: tire blew out on the freeway going 70 miles an hour and now the car is totaled
The moral of the story here is: Adam is teaching people how to ACTUALLY help HO and not screw them. The Ins adjuster will still have to go up on that roof and agree or disagree. It’s up to the HO to take responsibility or play Russian roulette. MOST honest companies wouldn’t really care if you decided to not take charge and file the claim.
I would have really, really loved to watch this video but I couldn't take the analogies anymore, I made it to about 2 minutes before leaving.
Nobody likes you