30
Jan

Will Filing an Insurance Claim After a Storm Increase Insurance Rates?

damage storm increase insurance rates

Scared that filing an insurance claim after a storm will increase insurance rates? 

You are not alone!  But fortunately, your insurance company is NOT ALLOWED to increase your insurance rates from damage due to storms (or Acts of God).

“But my friend, neighbor, brother-in-law, co-worker, (FILL IN THE BLANK) once told me that filing an insurance claim will make my rates go up.”

Why do most people assume that filing a home insurance claim will increase their rates?

Because we have been conditioned into assuming that a claim, any claim, will cause rates to go up.

Auto insurance has worked this was for so long, we assume all insurance, including home insurance, will operate the same way.

Home insurance does NOT work this way.  

How is home owner insurance different?

The reason behind your claim is the determining factor in whether or not the insurance company can increase your rates (or drop you).

The reason behind a storm claim is very simple – a storm.

Your insurance rates CANNOT be increased due to claim related to a storm.

The answer is simple.  If you have storm damage, make a claim!

Get the money your are owed, WITHOUT the fear of increasing insurance rates.



Want more information?  Trying to understand the costs associated with replacing a roof?  Call, email, post to Facebook, or tweet to us. 

No Fee, No Obligation, Just help for you.

Don’t want to talk to anyone and just want a quick, satellite photograph measurement to help estimate the cost for your roof?  Order the Quick Report

21
Nov

5 Reasons You MUST Notify Your Insurance Company After A Recent Storm

recent hail storm map texas

Why You Must Notify The Insurance Company After A Recent Wind or Hail Storm?

One of the most frequent questions asked is “Do I need to notify my insurance company?” or similarly, “Do I have to call my insurance company?”

The simple answer is YES.  Call and make an insurance claim.  Not only does it makes sense but you most likely must do it or you breach your insurance contract.

Homeowners often are nervous about making an insurance claim, even after storm damage.  Usually this fear stems from past experiences related to auto insurance.  That being, that rates will increase after a claim.  But property insurance contracts and State insurance laws are different.

Top 5 Reasons To Notify The Insurance Company After A Recent Hail Storm

1. If you have recently received damage you are more than likely REQUIRED to notify the insurance company under your policy.

2. In the future, they can deny a roof replacement claim due to undisclosed and previous damage.

3. There exists a statute of limitations on insurance claims.  Once this run out, the insurance company can deny your request to replace the roof.

4. You are paying for insurance in case of storm damage or similar reasons.  Why would you not use it?

5. Your rates CANNOT be raised for making a claim, whether approved or denied.  Repeat the words: CANNOT be raised.

So in the immortal words of Nike, Just Do It!

Notify the Insurance Company after a recent hail storm by making an insurance claim.  Get the estimated damage and monies available to replace your roof from the insurance company.

Bid out the job to at least seven different companies to find the best contractors at the best price.  Save tons of money. Enjoy your new roof.


Confused or want more information? Trying to understand the costs associated with replacing a roof?  Call, email, post to Facebook, or tweet to us.  No Fee, No Obligation, Just help for you.

Don’t want to talk to anyone and just want a quick, satellite photograph measurement to help estimate the cost for your roof?  Order the Quick Report

If you have a specific roof issue and can send us a photo via email, Facebook, or Twitter, we will do our best to advise you on the specific issue.

12
Oct

How does RoofBidders offer cashback on a roof?

Cashback on a Roof?How can RoofBidders offer cash back when traditional roofers cannot?

Replacing a roof costs thousands of dollars, which means someone (or multiple someone’s) are PAYING thousands.  However, RoofBidders claims to be able to give cash back.

How does this work?  Is RoofBidders rebating the deductible?

No, we are not rebating the deductible. We are not absorbing the deductible. Nor are we doing anything else  else that is considered a crime or could put a property owner in legal jeopardy.

REMEMBER: Slam the door shut if someone promises to replace your roof without you paying the deductible OR promises to absorb it or give it back. Insurance fraud is a felony.

Honest roofers, such as those who are either BBB or RCAT members, pledge to operate in a manner that keeps everyone away from insurance fraud and out of jail.

How does RoofBidders’ system save money and at the same time create cash back on a roof?

In the past, it was costly, as well as time and labor intensive, to estimate roofing or similar contracting jobs. This is even more so when a contractor is competitively bidding.  The contractor needs to know exactly how much the job will cost to determine a profitable bid.

Our ability to leverage highly sophisticated satellite technology that did not exist several years ago gives us a unique edge.   Couple this with competitive blind bidding and we get massive cost savings which in turn allows us to generate profits and share them with you.

We provide a unique platform for consumers and roofers – one in which both win.  All without anyone stepping foot on the property and most times you get cash back on your roof.

How does saving money for roofers help property owners?

Roofers spend a tremendous amount of money in sales and marketing.  Most roofing contractors send sales teams into neighborhoods to knock doors.  But RoofBidders bring the roof jobs directly to the roofer, saving 20-30% (typical sales commissions run 25%).

With huge cost savings, high quality roofers can afford to lower their prices and competitively bid on jobs.

This is why we save When Roofers Bid, You Win!


Confused or want more information? Trying to understand the costs associated with replacing a roof?  Call, email, post to Facebook, or tweet to us.  No Fee, No Obligation, Just help for you.

Don’t want to talk to anyone and just want a quick, satellite photograph measurement to help estimate the cost for your roof?  Order the Quick Report

If you have a specific roof issue and can send us a photo via email, Facebook, or Twitter, we will do our best to advise you on the specific issue.

31
Aug

Can I keep excess proceeds from an insurance claim?

excess money found from insurance

Can I keep excess proceeds from an insurance claim? 

Is it legal? Is it ethical? How much can I make? How to do it? The questions keep coming once someone gets the hint they can “make some money” by putting on a new roof.

Wrong! The focus should be finding the highest quality roofer who can install a quality roof at a competitive price.

Recently we received this comment with two excellent questions. In this blog, we’ll answer #1 and next #2

Love your blog and the info that is provided here. I am a bit concerned with shady tactics #4. You talk about how disreputable companies absorb deductibles and it being illegal, which I understand and agree with. My concern falls under the spreadsheet you post on your site multiple times regarding profit to the owner.  How is it legal and ethical to make me profit from a claim? {emphasis added by RoofBidders}

Isn’t that the same as absorbing deductibles? {emphasis added by RoofBidders} I only ask as I love the idea of this however don’t want to get involved into something that could get me into trouble. Look forward to hearing from you and keep up the good work!!

How is it legal and ethical to make a profit from a claim?

The most accurate answer is: “It is not; intentionally trying to profit from a claim is not legal”.  Yet, the key word is intentional.  Whether or not it is unethical depends on whether the actions are unethical, such as lying or duping the insurance carrier.

Is it legal (or ethical) to keep excess proceeds from an insurance claim?  YES!

When a homeowner uses RoofBidders, we share our profits, so there is not “excess” but we’ll tackle how that works next blog. But it can be legal and ethical to do so.  Here are two examples:

  • EXAMPLE #1: All insurance companies must permit homeowners to pick their own contractor.  Here is a section from my personal homeowner’s policy.  Note the final sentence…“You have the right to have your home repaired by the repair person of your ”

Assume you have a friend in the contracting business who agrees to do the work at cost or even as a favor for you. The insurance company will send the initial check (the actual cash value component).  Your friend (your selected contractor) completes the work for less than the money given to you. You, the homeowner keep the difference.  This is legal.

  • EXAMPLE #2: You do the repairs yourself since you are skilled in the trade.  Again, the insurance company pays the actual cash value, you do the work for less, and again you legally keep the difference.

So is it ethical to profit from an insurance claim?  Not if you are illegally gaining the proceeds.

In the above examples, we were dealing with the Actual Cash Value part of the insurance claim.  Things go awry when the homeowner or roofer fraudulently seek the second component, the replacement value payment (or recoverable depreciation).

  • It is illegal to dupe your insurance company so you can intentionally profit from an insurance claim.
  • It is illegal to lie and claim that a deductible has been paid, when it has not.
  • It is unethical, not to mention illegal, to look the other way and let the roofer handle the lying and duping instead of you doing it directly.
  • It is illegal for the roofer to kickback the deductible and thereby absorb or “pay” the deductible.

Sadly, these are exactly the tricks shady roofing contractors and unknowing or unethical homeowners are pulling.  These roofers are not the type RoofBidders works with or recommends.  More importantly, they are not the type of roofers a homeowner should use.

Would you start a relationship with a lie?

Disreputable roofers lie and cheat their way into people homes.  They convince homeowners that the insurance company does not care, does not know, and that “everyone” does it.

The roofer, as the direct contractor (meaning the one actual doing the work), lies to the insurance company regarding you, the homeowner, paying the deductible.  They submit fraudulent paperwork saying that they collected the deductible, and charged you more than they actually did.

Simultaneously, you lie and commit fraud by signing fraudulent paperwork or intentionally omit the truth.  Both you and the roofer have committed insurance fraud. The felony-type fraud that can send you to jail.

So, how does RoofBidders put money in your pocket?

RoofBidders is a completely new concept leveraging highly sophisticated satellite technology. We can cost effectively do what previously was not only impractical but also very costly. Because of these advancements in technology, we can profitably operate and in turn share our profits.

Stay tuned to Thursday’s blog where we go into exactly how RoofBidders is different and you can save money, maybe put some in your pocket, avoid committing a crime, and stay out of jail!


Confused or want more information? Trying to understand the costs associated with replacing a roof?  Call, email, post to Facebook, or tweet to us.  No Fee, No Obligation, Just help for you.

Don’t want to talk to anyone and just want a quick, satellite photograph measurement to help estimate the cost for your roof?  Order the Quick Report

If you have a specific roof issue and can send us a photo via email, Facebook, or Twitter, we will do our best to advise you on the specific issue.

24
Feb

Will filing an insurance claim increase premiums?

insurance claim

Homeowner’s Insurance Policy

Will An Insurance Claim Increase Premiums?

Most people associate filing an insurance claim with rising policy rates.  The fact is, this is usually not true.  Claims made due to “Acts of God” such as wind, hail, or other storm damage will NOT cause an increase in your premiums.  Furthermore, insurance companies CANNOT drop your coverage for making such a claim.

Property insurance is different from auto insurance.  Auto insurance has dozens, sometimes hundreds of tiers for premium rates.  Auto insurance rates consider claim history, citation record, driver’s license points, and various other factors which contribute to the policy owner’s tier and premium.  But when in comes to property insurance premium rates, claims they do not necessarily dictate the rates for homeowner’s insurance.

Homeowner’s insurance focuses more on the region in which the property is located.

As previously mentioned, an insurance company cannot raise an individual’s rates when a claim is filed due to weather-related damage.  The number of catastrophes an area has suffered in the past few years, the potential risk in the area, the type of residential home, the amount of coverage bought, and other factors dictate premium cost.

Filing one claim will not spike an individual premium rate.

Premiums may go up in the subsequent years, but it is not a direct result of a legitimate claim. The premiums are usually raised in bulk for a given region, not individually, and insurance companies can only submit rate increases once per year.  Thus, when asking yourself, “will filing an insurance claim increase premiums?” tell yourself, “No, it will not.”

In fact, if you have a loss with significant damage, the right thing to do is file the claim.

Why file an insurance claim instead of paying out-of-pocket?

First, you have been paying premiums every year for exactly this reason.  Why not use your insurance for what it’s designed?   Second, most policies require that you MUST notify the insurance company if you have significant damage or coverage could later be rejected for “hiding” this information.  Could you still to choose to pay for your roof out-of-pocket and never use insurance money?  Sure, but if they offer money we suggest taking it.  Think about it for moment…they are returning some of your money you previously gave them.

Finally, rates tend to go up so take advantage of your insurance coverage when you get the opportunity.


Confused or want more information? Trying to understand the costs associated with replacing a roof?  Call, email, post to Facebook, or tweet to us.  No Fee, No Obligation, Just help for you.

Don’t want to talk to anyone and just want a quick, satellite photograph measurement to help estimate the cost for your roof?  Order the Quick Report

If you have a specific roof issue and can send us a photo via email, Facebook, or Twitter, we will do our best to advise you on the specific issue.

12
Nov

Rats in attic and other nesting nuisances

Rats in attic giant rat

Giant Rat by Randy Parsley

Rats in attic or pesky squirrels running rampant?

Animal roof inhabitants are not pets.  They are a real concern for homeowners.  They damage your roof, and they constitute a health hazard for humans — either through the spread of pathogens or by direct attack.

Giant rats in attic?

While Texas is home to some large critters, the largest rat I have ever seen was posted by Randy Parsley at Rat Control Reviews in Florida.  The photo above is evidence of his find.  But whether you are dealing with small mice or giant rats either kind can be a giant pain.

Beyond rats in attic to other rodents

The most common types of rodents that cause damage to your roof are: Norway rats, roof rats, house mice, squirrels, and raccoons.  With sharp claws and teeth and a love of gnawing, these animals will easily damage your roof and any other part of your attic and roof.   They not only nest in your attic but will creep around and cause damage inside your home as well.  They sneak around looking for tasty morsels and easily accessible water.  Beyond the general damage caused they are distributors of bacteria and viruses, all of which spread disease.

Take control

If your house has rats in attic issues or simply has become a nesting ground for rodents then take action to stop them from spreading.  This means employing a combination of stop gap techniques, permanently plugging entry points, and then removing them.  The Wildlife Center of Texas has some great tips:

Weak spot under eaves and soffits are vulnerable entry points to your attic, and the space under your porch, deck, or house are all ideal places for animals to live and nest as they are protected from the elements and from predators. Products such as HardiePlank can be used to reinforce weak spots on your house. Screens or metal sheeting over holes and dryer vent covers help keep small mammals and nesting birds out. Chimney caps will prevent squirrels and birds from nesting in your chimney.

Confused or want more information?

Call, email, post to Facebook, or tweet to us.  No Fee, No Obligation, Just help for you.

31
Oct

Will a new roof save energy and lower my utility bill?

Will a new roof save energy

High Energy Costs?

High energy bills?  Asking yourself will a new roof save energy?

The short answer is… Yes, a new roof almost always saves energy.   Older attics and roof are likely to be outdated in a variety of ways.

Why will a new roof save energy?

Excessive energy costs come from many different places in a home.  Previously, we mentioned how the roof is similar to a body’s skin.  One the skin breaks, the body is susceptible to infection. Any exterior component of a home such as windows, doors, or a roof all are potential energy loss points.

Consider why you are asking yourself the question of will a new roof save energy.  Why ask this question?  Because just putting a new roof on your home may save energy; but it might not save enough energy to make up for the cost of the roof – unless you look at a a long timeline such as 5-10 years.

What are some of the ways a roof will save energy?

First, determine where you can save money by determine where you are losing energy.  Is it the attic itself?  Is it a break down in the roof?  Is there adequate insulation?  Is there adequate ventilation? An issue as simple such as insufficient attic ventilation will cause heating/cooling systems to run excessively.  If the cold air or hot air  pumping into a home from these types of systems escaping as fast as it is coming in?

In warm weather, inadequate ventilation will trap hot air in the attic, causing air conditioning systems to work harder, or leaving your home’s interior hotter and less comfortable.  Additionally, in both hot and cold weather, insufficient attic ventilation may cause moisture in the attic to become trapped and condense on the rafters. This condensed moisture can drip down onto the insulation and reduce its effectiveness.

Will a new roof save energy if the insulation situation is poor?  Not much it won’t.  Without a doubt better insulation and ventilation will reduce energy usage.  So, first consider your current attic insulation and ventilation.  You can get a good idea about what insulation rating is right for your area by checking out the Energy Star government website.

Confused or want more information? Trying to understand the costs associated with replacing a roof?  Call, email, post to Facebook, or tweet to us.  No Fee, No Obligation, Just help for you.

Don’t want to talk to anyone and just want a quick, satellite photograph measurement to help estimate the cost for your roof?  Order the Quick Report

If you have a specific roof issue and can send us a photo via email, Facebook, or Twitter, we will do our best to advise you on the specific issue.

8
Oct

Roof Warranty. What are the Costs?

No one beats my roof warranty.

Roof warranty! Mine costs less!

Roof warranty covered your issue?  Really?

Roofing materials have one warranty lifespan and the roofing contractor has a second and separate warranty.

Along with overall shingle lifespan, homeowners should understand that the roofer’s warranty, usually called workmanship, and the shingle warranty (or what most call the roof warranty) are two separate affairs, which may or may not overlap.  Fixing something after the warranty has expired will cost you money!  Understand the limits.

In regard to the roofing shingles themselves, understanding what is actually being warranted, who covers it, and what things can void a shingle warranty is all important.  Discussing roof warranty  details with your roofer so that everyone is on the same page is helpful, and reduces the chance of surprises should there be an issue that puts the warranty into play.

When comparing roofing contractor bids it is important to consider how long you plan to live in the home and the warranties provided.

Going to leave within the next few years?  Maybe you don’t want to buy a 30 years roof warranty shingle.  Maybe a excellent 10 year shingle will work fine.

With all of this food for thought, it’s probably easy to see how there is a lot more involved in deciding on the best roof shingle to use on your next roofing job.  Spending a little time researching the various options will pay off in the long run with a quality, durable roof that will last for years without a problem.

Still confused or want more information?   Call or email us at RoofBidders.com    We love to provide FREE education to property owners.  Don’t want to talk to anyone and just get a quick quote?  Order the Quick Report.

We will talk with you at no cost.  If you have a specific roof issue and can send us a photo via email, we will do our best to advise you on the specific issue.

 

3
Oct

Choosing the Best Roofing Material for Your House

What kind of roof do you want?

What kind of roof do you want?

There are so many kinds of roofing shingles on the market, choosing the best roofing material AND the one you really want one can become quite a task.

Just looking at the various types can make you dizzy.  For starters, homeowners should consider first and foremost which products are appropriate for their home in consideration of the style of the home, weather patterns, property owners association rules, deed restrictions, or a combination.  Doing so will narrow down the field substantially making the task easier, albeit with fewer choices.

Also, keep in mind that different materials have different life expectancies, too.

We recently spent time analyzing the pros and cons of metal roofs.  Further, slate and ceramic tile can seemingly last forever, but they’re extremely heavy, expensive, and not every home is suitable for them.  Asphalt and certain types of wood and treated wood products are the most popular since they not only last a while, but they are affordable in comparison with some other “lifetime” materials.  Even asphalt singles, which are the most common have life expectancies from as short as 7-10 years to 25-30 years.

Lastly, you’ll want to think about whether there is any kind of maintenance required to keep shingles in good condition, and if so, what it involves.  Buying a new roof should be thought out.  How long do you plan to stay in the home?  What kind of investment do you want to make?  Do you simply want to replace what you have with another cost affordable look alike?

Still confused or want more information?   Call or email us at RoofBidders.com    We love to provide FREE education to property owners. We will talk with you at no cost.  
If you have a specific roof issue and can send us a photo via email, we will do our best to advise you on the specific issue. 

 

 

25
Sep

Is a metal roof right for you? – Part 2

Red Metal Roof

Red Metal Roof

As we mentioned in Part 1 of Is a metal roof right for you? metal roofs offer attractive cost benefits when compared to traditional asphalt shingles.

Further, metal roofing no longer carries the stigma of a one size, or one type fits all. Once, metal roofing wasn’t seen as diverse or accommodating with regard to style. Today, however, metal roofing is as diverse and versatile as other types of coverings.

What kind if metal options exist today?

Aluminum, Steel and Copper are the most common. Steel comes in more than one grade and has different name such as Galvalume. Aluminum and Copper roofs are a higher grade compared to Steel. Due to the fact that Steel will rust over time. In some ways a rusty roof adds character but rust is corrosive. Hence the lack of rust in Copper and Aluminum make them more expensive.

Beyond the types of metal you can also choose from various metal shingles, slate, or tiles in different textures and colors. The metal shake is made of various types of metal and “natural” metal roofs are traditionally all of the same type of metal. One of the best things about metal is that they can easily be customized and fitted to coordinate and complement your current or even a newly desired style.

Bottom Line

Metal roofs have a longer life and increased versatility compared to composition.  How much would it cost to put a metal roof on your home?  Order a Quick Report.