Roof replacement using insurance question

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How exactly do I get a new roof without paying out of pocket?

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Steal it.

You’ll pay $11,900 or the price of the roof, whichever is less, plus any upgrades.

Contact Premier South Roofing.

They can take care of it.

I had damage a few years back from a storm. The guy told me if your insurance company gives you a full replacement we will take care of it and it will not cost you a dime. He was right.

Don’t tell the roofer what your insurance company paid you. Offer to pay in cash for an amount less than what your insurer actually pays you. Many roofers can do the work considerably less than the amount of the estimate.

Also, if you have an RCV policy (replacement cost), the insurer pays initially based on ACV (actual cash value, meaning replacement cost less depreciation).

If you have RCV, you can submit a claim for your depreciation holdback if the roof repairs exceed the ACV amount.

Lastly, don’t sign any assignment of benefits for the roofing company.

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Am I an idiot or something?

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yes, you're an idiot.

why do you feel entitled to not have to pay the deductible on the policy you purchased?

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The guy told me if your insurance company gives you a full replacement we will take care of it and

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But i assume the owner still would end up paying at least the deductible amount. If not, then that means the roofing company gave a replacement cost.... $11,900 above what it would have been.

Yes sir you are correct.

Then you have the flip customer who has their insurance company call you to handle everything for him. You get there, handle everything for the person from inspection to claim to point of contact to adjuster meeting. When adjuster is done she mentions his $5700 deductible then once she leaves he starts asking about eating a deductible. I told him it’s insurance fraud and he said he’s heard others do it before. Hands me his Baptist cards of prayer life or some BS and I leave. Once he gets the paperwork and money from insurance he decides he wants to go with someone else.

Roofers get a bad rap…rightfully so most of the time…homeowners aren’t the best either to deal with.

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Offer to pay in cash for an amount less than what your insurer actually pays you. Many roofers can do the work considerably less than the amount of the estimate.

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If you have RCV, you can submit a claim for your depreciation holdback if the roof repairs exceed the ACV amount.

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You aren't getting back recoverable depreciation if you paid less than the insurance estimate.

If your adjuster estimated the roof replacement to be $20,000 and held back $4000 depreciation, but you get the roofer to do the job for $16,000 or less, you won't get any of the depreciation back. If the roofer did the job for $18,000 then you only get back $2000 of recoverable depreciation instead of the full $4000.

Depreciation hold back is a way the insurers combat homeowners submitting inflated estimates, then getting the actual work done cheaper so they can either pocket leftover cash or offset their deductible.

Where are you located? I could talk to you about it and help you with the process. It's what I do every day. Or you can email me and we exchange numbers. I'd be a 15 minute read if I tried to explain it well.

Don't remember. I know I looked them up on FB and they seemed new to the Baton Rouge area. They don't show up in my search history.

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Looked at my deductible and it is $11,900 for wind and hail damage.

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In my area once a roof reaches 15 years of age the deductible gets crazy high, and you're typically paying half the replacement cost yourself.

We've considered getting a higher-cost metal roof, since this is the second time we've been through this expense with asphalt following a hail storm.