May 24, 2024
0 0
Read Time:2 Minute, 24 Second

By  Dave Elias

Some homeowners may not know why they are receiving property liens on their homes that were damaged by Hurricane Ian.

Many homeowners believed that their roofs were fully covered for replacement, but they weren’t.

Some homeowners in Southwest Florida are finding out that their insurance policies have a clause that covers “complete replacement costs” – which can be as high as $15,000.

Jacky Maxwell fought with her insurer for several months before finally agreeing to a settlement.

Maxwell said that the roofing company put a lien against his home as the insurance company had been slow to pay.

Maxwell was given a second lien by the roof repair company when her original lien was finally paid.

Maxwell stated, “I called a roofing company and was told that I still owed more than $11,000, depreciated worth of my roof. This was not mentioned.”

Imagine it like a larger deductible for your vehicle. If you have an accident, the damage is half your monthly payment.

Gregg Martin is the owner of Eagle Roofing.

Martin said that while his company did not repair Maxwell’s roof, when insurers refuse to pay for the entire roof repairs, homeowners and companies are left with the bill.

Insurance agent Reid McDaniel said it’s quite common.

How is it happening, you ask?

Their roof might not be covered for the replacement cost. McDaniel said that many agents do not disclose this information to their clients.

He always encourages home owners to purchase complete coverage for roof replacement so they are not surprised.

Even though homeowners can save money on insurance each month, they may find that it is not worth the cost if a storm damages their roof.

McDaniel explained: “You’ll be upset with yourself when the cost of a roof is $25K and you only get $14K back from your insurance.”

McDaniel says that now, as we are in hurricane season’s peak, the best thing to do is check your policy and make sure you have a fully-covered roof.

Quality commercial roofing materials in Toronto is essential to protect and maintain the integrity of your roof. Maintaining a well-maintained roofing system is crucial to protect your home from rain, snow, and wind. Expert roofing services provide a variety of options to resolve roofing problems. If you are interested or interested in our article and services, you can check in more detail here https://therooftechnician.ca/ Roof inspections, roof repairs, reroofing and the installation of new materials may be included. You can increase the durability and longevity of your roof by engaging professional roofing services. This will prevent leaks and structural damage. It is important to have a sturdy roof that will not only increase the value of your home but give you peace-of-mind knowing your belongings and your house are protected from any weather related challenges.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %