Insurance getting outta hand.
#41
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Join Date: Jan 2023
Location: Sarasota FL Priest River ID
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No claim. This was apparently a 3rd party deal. She noted a couple nit picky things inside also. No big deal but my wife blows it out of proportion.
My wife would be happy to go without homeowners entirely. I don’t have the balls to go without coverage but there are two homes nearby that the owners have told me they’re never carried it??
My wife would be happy to go without homeowners entirely. I don’t have the balls to go without coverage but there are two homes nearby that the owners have told me they’re never carried it??
#42
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That isn't completely true. As it sits right now our policy still allows full RCV for cosmetic damage. I am paying over $100k almost daily on metal roof claims because of scuffs in a roof that has zero leaks.
So it goes both ways.
Our new policy will allow for a cosmetic allowance though to help. People shouldn't be getting new roofs that are structurally great because of a dent. Do you get a new car for a door ding?
As far as percentage that is a FL guideline, not your insurance company. For a roof 1-3 years old and up to current code. 50% needs to be damaged or will need replacing for repair to get a full replacement..
For roof 4 years or older it goes down to 25% total to get to full replacement.
So it goes both ways.
Our new policy will allow for a cosmetic allowance though to help. People shouldn't be getting new roofs that are structurally great because of a dent. Do you get a new car for a door ding?
As far as percentage that is a FL guideline, not your insurance company. For a roof 1-3 years old and up to current code. 50% needs to be damaged or will need replacing for repair to get a full replacement..
For roof 4 years or older it goes down to 25% total to get to full replacement.
#43
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Few years back I stopped buying expensive furniture, my wife gets bored and replaces every few years anyway, why bother!
Since this has went to home insurance I have a question for Nate, a buddy in our hood told me the other day they no longer are giving him wind mitigation for his shutters. Told him how do they know he will close them when a storm hits? It is his primary home and these are the nice ones that you just close.
The following users liked this post:
offshoredrillin (01-24-2023)
#44
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Q big spot this also happens is personal property. People think because they have $200k in coverage that their wife's $20k ring, their rolex, or their gun collection is covered ans that isn't the case. Items like that need a specific endorsement for full replacement cost but people have no clue (or play dumb) and are pissed when I issue the $1k max to them
The following 2 users liked this post by Nate5.0:
offshoredrillin (01-24-2023), Wildman_grafix (01-24-2023)
#45
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Since this has went to home insurance I have a question for Nate, a buddy in our hood told me the other day they no longer are giving him wind mitigation for his shutters. Told him how do they know he will close them when a storm hits? It is his primary home and these are the nice ones that you just close.
How do we know if they are shut? 9/10 times they are damaged when shut during the storm and we buy new ones, almost ever claim I have for Ian on a property with a storm shutter the shutter did it's job and protected the house but got damage on it as well so we end up buying the new shutters for the home.
If they are down during a storm there will be dirt, debris, scuff, and scratches at the very minimum.
#46
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A good chance is how old are the shutters? If older they may no longer have standards to support the credit.
How do we know if they are shut? 9/10 times they are damaged when shut during the storm and we buy new ones, almost ever claim I have for Ian on a property with a storm shutter the shutter did it's job and protected the house but got damage on it as well so we end up buying the new shutters for the home.
If they are down during a storm there will be dirt, debris, scuff, and scratches at the very minimum.
How do we know if they are shut? 9/10 times they are damaged when shut during the storm and we buy new ones, almost ever claim I have for Ian on a property with a storm shutter the shutter did it's job and protected the house but got damage on it as well so we end up buying the new shutters for the home.
If they are down during a storm there will be dirt, debris, scuff, and scratches at the very minimum.
As for them getting damage, yes but better then breaching the house. Same goes for hurricane windows, they will need replaced in a direct hit but are there to protect the house.