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Started By
Message
Roofers wanting the hurricane deductible
Posted on 9/18/21 at 6:00 pm
Posted on 9/18/21 at 6:00 pm
Can someone explain this to me? I’ve talked to 3 roofers and 2 of the 3 say I have to pay them the deductible plus what the insurance gives me. I know for certain the insurance company will take the deductible off the top of whatever my claim is. I went through this last year with zeta but didn’t need a new roof. Why are these roofers saying I owe them deductible plus first check up front? The second check upon completion. If that logic holds true, then I would owe the contractor the deductible as well for my tear out and construction. The first guy who told me this I told him to kick rocks. But then I’m hearing the same story last night so I’m wondering if this might be true.
This post was edited on 9/18/21 at 6:01 pm
18
Posted on 9/18/21 at 6:02 pm to Success
Call your insurance company and find out exactly how it should work. I’m pretty sure there’s much more fine print in your contract with them then with a roofer
Posted on 9/18/21 at 6:04 pm to Success
If the insurer deducts the whole deductible from the roof claim, then they shouldn’t be deducting it from the payment to your contractor for other repairs if it arises out of the same claim.
Posted on 9/18/21 at 6:08 pm to Success
You are paid for your repairs with the deductible subtracted from the payment, as well as recoverable depreciation.
The deductible is held out of what your insurance pays as that is the portion of the estimated repairs you are responsible for.
When the work is complete they’ll pay you the recoverable depreciation, to pay to the roofer.
Once that is paid, you will have been paid in full for the repairs, minus the deductible. Assuming you have a replacement cost policy.
ETA The roofers may also be assuming your roof is the only damage, or the first thing your having repaired or replaced.
The deductible is held out of what your insurance pays as that is the portion of the estimated repairs you are responsible for.
When the work is complete they’ll pay you the recoverable depreciation, to pay to the roofer.
Once that is paid, you will have been paid in full for the repairs, minus the deductible. Assuming you have a replacement cost policy.
ETA The roofers may also be assuming your roof is the only damage, or the first thing your having repaired or replaced.
This post was edited on 9/18/21 at 6:10 pm
Posted on 9/18/21 at 6:09 pm to Success
Example: repair costs $30,000. Deductible $5000
Insurance will cut you a check for $25,000.
Roofer will want $30,000 for the repairs since they cost $30,000
You pay roofer $30,000 ($25,000 from insurance payout plus $5,000 out of your pocket)
Hence you pay the deductible to the roofer
Insurance will cut you a check for $25,000.
Roofer will want $30,000 for the repairs since they cost $30,000
You pay roofer $30,000 ($25,000 from insurance payout plus $5,000 out of your pocket)
Hence you pay the deductible to the roofer
Posted on 9/18/21 at 6:09 pm to Jack Bauers HnK
For zeta last year, they claimed I had 42k worth of damage. They took 7200 out and wrote me a check for the remainder minus depreciation. I got the work done. Showed proof and they payed me for the depreciation. This year roofers telling me I owe them the deductible.
Posted on 9/18/21 at 6:10 pm to Success
You don't owe every contractor the deductable. You owe the amount of the roof including the depreciation and if that includes you paying some out of pocket (deductible) then that is it. I hate the roofers that go around saying to pay them the deductible. The ones saying that are doing for a few reasons.
1. Once they take your money they put you "on their list" and make you wait. The only way to get the money back is to get legal over it and/or call the DA. They will keep telling you that you are on their list and you very well may be but they have your money using it to roll other jobs and hope you won't go elsewhere since you paid money already.
2. They are broke dicks that can't float a roofing job for a few days so they are using your "upfront deductible" to purchase your materials.
1. Once they take your money they put you "on their list" and make you wait. The only way to get the money back is to get legal over it and/or call the DA. They will keep telling you that you are on their list and you very well may be but they have your money using it to roll other jobs and hope you won't go elsewhere since you paid money already.
2. They are broke dicks that can't float a roofing job for a few days so they are using your "upfront deductible" to purchase your materials.
Posted on 9/18/21 at 6:11 pm to tigeraddict
quote:
Hence you pay the deductible to the roofe
He is saying he had more than just roof damage so why does he owe the roofer the deductable. I get what he is saying. He only owes the roofer the agreed-upon price and that may or may not include his deprecation as well as some of his overall deductable.
Posted on 9/18/21 at 6:12 pm to tigeraddict
quote:
Example: repair costs $30,000. Deductible $5000
Insurance will cut you a check for $25,000.
Roofer will want $30,000 for the repairs since they cost $30,000
You pay roofer $30,000 ($25,000 from insurance payout plus $5,000 out of your pocket)
Hence you pay the deductible to the roofer
That makes more sense. I’m not paying him the deductible. I’m paying him the cost to fix the roof with insurance money plus the deductible.
Posted on 9/18/21 at 6:13 pm to Success
You pay the roofer in full for the roofing work. He should quote you a price and if you hire him you pay him that amount.
The deductible has nothing to do with anything.
Now it would be smart to get your insurance company to tell you how much they are giving you before you commit to a roofer unless there’s a reason to hurry.
The deductible has nothing to do with anything.
Now it would be smart to get your insurance company to tell you how much they are giving you before you commit to a roofer unless there’s a reason to hurry.
Posted on 9/18/21 at 6:16 pm to Success
Roofer wants the RC or replacement cost ! Your adjuster will estimate this cost then deduct the depreciation amount and your deductible . Once your roof is complete, if your policy allows, he will pay you the depreciation amount. This is only if your policy pays for replacement costs !
Posted on 9/18/21 at 6:16 pm to Success
quote:
I’m not paying him the deductible. I’m paying him the cost to fix the roof with insurance money plus the deductible.
Repeat that slowly back to yourself
Posted on 9/18/21 at 6:17 pm to Success
No reason for roofer to know what you are getting. 2 different transactions. One between you and ins and one between you and roofer. Tell roofer to give you a quote and either accept it or decline.
Posted on 9/18/21 at 6:17 pm to Success
Give them your agent's number and let them discuss it.
Posted on 9/18/21 at 6:22 pm to geauxskeet
quote:
No reason for roofer to know what you are getting. 2 different transactions. One between you and ins and one between you and roofer. Tell roofer to give you a quote and either accept it or decline.
It's not like he can profit off of the roof so even if the roofer comes in lower than the insurance is willing to pay all that will happen is they keep the depreciation. The insurance company wins when people think like this so keep telling people this and save the insurance companies some money.
Posted on 9/18/21 at 6:26 pm to stout
2/3 of the quotes have been roughly 18500. The third company wouldn’t give me one until they saw what the insurance company will pay so I’m definitely not using them.
I guess the insurance company will be giving me about that minus the deductible.
I guess the insurance company will be giving me about that minus the deductible.
Posted on 9/18/21 at 6:27 pm to Success
quote:
I guess the insurance company will be giving me about that minus the deductible.
And depreciation based on the age of the roof.
Posted on 9/18/21 at 6:29 pm to stout
quote:
t's not like he can profit off of the roof so even if the roofer comes in lower than the insurance is willing to pay all that will happen is they keep the depreciation. The insurance company wins when people think like this so keep telling people this and save the insurance companies some money.
The insurance company owes you the cost of the roof replacement (assuming this is a roof only claim) minus your deductible. If you want to get your depreciation paid back you’ll have to show a final bill. If that bill does not exceed your deductible and the check you’ve already received, they aren’t paying your depreciation to you.
Posted on 9/18/21 at 6:30 pm to CaptainsWafer
quote:
If you want to get your depreciation paid back you’ll have to show a final bill. If that bill does not exceed your deductible and the check you’ve already received, they aren’t paying your depreciation to you.
Like I said...
Posted on 9/18/21 at 6:33 pm to Success
I don't have a horse in this race, but I'd tell the roofer to pretend he didn't know what my adjuster is quoting and he should quote me the price he thinks it costs for a roof replacement. It's really none of their business what your insurance is quoting.
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