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OT: Should I do a Claim
Posted on 9/9/08 at 11:01 am
Posted on 9/9/08 at 11:01 am
My deductible with Allstate is $9800 (5%) and I was told by roofer I need new roof. I'm planning on filing with FEMA also. My question is since a new roof might cost say $5000 (should not be more then my $9800 deductible anyway), should I not file a claim with Allstate since I won't get anything from them out of it. But does Fema require you to claim any damage with your insurance company before asking them for help? Anyone go thru this process?
4
Posted on 9/9/08 at 11:03 am to LSUTigerz
had allstate with katrina. also filed with fema. fema basically told me we can't help u cause u have insurance. but they did offer me a fema trailer
Posted on 9/9/08 at 11:27 am to LSUTigerz
FYI, a roof will cost you closer to $10,000.
Posted on 9/9/08 at 4:56 pm to MikeBRLA
File a claim...Acts of God claims cannot count against you.
Posted on 9/9/08 at 5:01 pm to LSUPIMPRGB
quote:
File a claim...Acts of God claims cannot count against you.
Wrong... just ask anyone south of I-10 post Katrina/Rita if their rates went up.
Posted on 9/9/08 at 5:47 pm to MikeBRLA
quote:
Wrong... just ask anyone south of I-10 post Katrina/Rita if their rates went up.
that wasn't because they made claims, it was because of where they lived. I didn't claim anything in Rita OR Katrina, and my rates still went up by like 20%.
Posted on 9/9/08 at 7:05 pm to LSUTigerz
quote:
My deductible with Allstate is $9800 (5%)
Damn, you guys are paying similar deductibles to state of FL these days, that is brutal.
Posted on 9/10/08 at 9:24 am to LSUTigerz
what are you expecting from fema ? a sba loan ?
Posted on 9/10/08 at 2:46 pm to Zilla
quote:
Wrong... just ask anyone south of I-10 post Katrina/Rita if their rates went up
Please do research before you vomit at the mouth.
Thanks.
Posted on 9/10/08 at 2:50 pm to LSUPIMPRGB
quote:
that wasn't because they made claims, it was because of where they lived. I didn't claim anything in Rita OR Katrina, and my rates still went up by like 20%.
Right, people made claims in that area, thus the rates went up. Are you honestly trying to argue that if nobody made a claim after Katrina/Rita that rates would still go up?
quote:
Please do research before you vomit at the mouth.
Prove me wrong then. Acts of God certainly will make someone's rates go up... if not, why are rates higher where 'acts of God' occur at a higher rate such as hurricane/flood prone areas.
I think you are referring to one single act of God affecting 1 person such as a lightning strike...I'm referring to it on a larger scale such as a hurricane/flood, which certainly will make your rates to up if you live in an area prone to such things.
This post was edited on 9/10/08 at 2:56 pm
Posted on 9/10/08 at 3:56 pm to MikeBRLA
quote:
FYI, a roof will cost you closer to $10,000.
I wanna come do your roof.
I know prices will be up due to demand and the cost of oil-based roofing materials has gone way up, but it better be a DAMN big roof for me to charge $10k.
Posted on 9/10/08 at 4:07 pm to MikeBRLA
In order for the insurance companies to stay in this area and write business, the state and the policy holders HAD to make a few concessions.
I think it makes perfect sense that if you are in a higher propensity area for hurricanes, that you have a higher premium. That is just smart business, plain and simple.
NO company could survive with having 1000 deductibles and non-rate appropriate premiums for their policy holders. Those were the post Katrina adjustments made.
All 8 companies that are still here have a hurricane deductible on their homeowners policy. Thats the only way they could survive.
A catastrophic occurence, hurricane, etc. claim, does NOT count against you at the time of renewal. That is a fact.
I think it makes perfect sense that if you are in a higher propensity area for hurricanes, that you have a higher premium. That is just smart business, plain and simple.
NO company could survive with having 1000 deductibles and non-rate appropriate premiums for their policy holders. Those were the post Katrina adjustments made.
All 8 companies that are still here have a hurricane deductible on their homeowners policy. Thats the only way they could survive.
A catastrophic occurence, hurricane, etc. claim, does NOT count against you at the time of renewal. That is a fact.
Posted on 9/11/08 at 4:41 pm to LSUPIMPRGB
Im in the insurance business, I would get a firm quote from a roofer if its over your ded., then file the claim, if not just pay it. Act of God claims usually do not count against you however its better for you in the long run not to file if you dont have to. I dont think FEMA will help if you have insurance even if your out of pocket for the whole claim, but Im not sure about that.
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