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Do insurance companies require a copy of receipt when a roof was replaced in order to insure a new buyer?
A receipt is not usually required in order to insure the home, however it would be required if you were receiving a discount due to your roof being newer.
The buyer of our home agreed to fix the hail damaged roof and the insurance company sent a check can you keep it without repairing the roof?
If it is in writing that the buyer of your home agreed to pay to have the roof repaired or replaced, and the buyer knows you have received an insurance check for the roof, and if the insurance check is made payable to you, then yes, you can legally keep the money without paying for the new roof.
Am I required to use insurance money to replace roof?
Insurance companies grant money to correct issues from claims. If a person receives money to replace a roof from an insurance company, the money should be used for the repair. If a person decides to not use the money to replace the roof, there could be issues selling the home. The value of the home could decrease. Another issue a person may encounter is the risk of other damages resulting from the roof not being repaired. The insurance company may not cover damages to the home as a result of the roof not being replaced.
What insurance company will insure a home built in 1925 in Florida without the updates for electric plumbing and roof done?
Insurance for older homesYou may not find a company willing to provide all-risk coverage or replacement cost coverage. You should be able to buy a named-peril, ACV (pays depreciated value due to age) policy with basic fire & extended coverage. Contact a few agents. In Florida, most insurers will require you get a 4 point inspection and the inspection covers roof, electrical, plumbing & AC. Based on the inspection, the insurance company will decide whether they'll sell you insurance.Example, if the inspector deems your roof needs to be replaced, most companies won't insure you until you get roof fixed, replaced. ( they will let you know what needs to be done for you to "pass" inspection.)
Can your homeowner's insurance be cancelled due to bad roof?
Yes, Your homeowners insurance can be cancelled due to lack of home maintenance or required updates. Basically home insurers will have a minimum standard of acceptable condition when they insure the home. If the roof does not meet the minimum requirements of the program being offered, then the company may cancel the policy. This is usually done in the first 60 days of policy issuance or effective date. Homes that are not adequately maintained and updated are considered to be at significantly higher risk for a loss.
If there is a great deal of damage done to the roof of your house and no company will finance you will your insurance company help you?
Most homeowners insurance companies do not provide mortgage financing. Any damage done to a home, such as hail, wind, fire, etc. should be covered by the homeowners insurance. If the roof is just "worn out" it is the homeowners responsibility This is considered normal and expected maintenance incidental to home ownership.
Does renters insurance cover hail damage to the roof of my mobile home?
No, renters insurance is coverage specific to property that belongs to the named insured.If it's a rental property then the property owners insurance would cover storm damage to the roof. If it's just worn out then that would be an owners maintenance issue.
Is hiring a licensed company to do roof repair work necessary?
Do I need to get a licensed company to do my roof repair work? For insurance reasons?
If your roof caves in due to the negligence of your insurance company to do a thorough exam of the house do you have any recourse?
Roof Cave in Caused by Insurer? Your home insurance company does not certify the structural integrity of your home. It is our responsibility as the homeowner to maintain our home. There is no negligence here on the part of your insurance company. Your Insurer is not a Home Inspector nor a Structural Engineer. There are Qualified and licensed Roofers and Home Inspectors you can hire for that job. The Insurance Company will usually do a precursory visual property inspection. Photographs external of the property are usually taken and any obvious hazards may be noted. Engineering Diagrams are not used. In No way does an insurance company imply certification of structural Integrity. In Fact Insurers may require you provide such a certification report prior to accepting your risk if hazards are apparent. An Insurers inspection is only to determine insure-ability and to document the current "apparent" condition of the property and verify that the home being insured actually exists. Everyone has the option to sue, for just about anything. So legally you could try suing the company, but It does not seem likely that you would have a valid claim. The company would simply point out that they do not certify anybody's roof and that it most likely caved in due to lack of proper maintenance by the home owner. There are *rare* scenarios where the insurance carrier would be at fault. Say you had a hail storm six months ago that damaged your roof. If you filed a claim and your insurance carrier told you to only patch your roof instead of replace it, when the structural integrity of the roof from the hail was seriously compromised, this was the WRONG decision and you should have legal recourse. Outside of a freak scenario like the above, it is most likely that you can file a claim with your insurance company and see what the inspector said was the cause of the damage. If it was just a really old roof that should have been repaired by you years ago, it is unlikely you can get any money from the insurance company, as it is your responsibility to maintain your property for normal wear and tear, not theirs. If a home insurance policy were to provide free repairs for life then everyone's insurance would be a lot more expensive!
Can any insurance company cancel your policy because of necessary roof repairs?
Sure. If you do not maintain the property you can expect any insurance company to cancel your policy. Maintenance is not covered by a homeowners insurance policy but lack of proper maintenance is a definite cause for cancellation. They do not want to insure a property that is not kept up. The term insurance companies use is pride of ownership. This shows that the owner cares about and for the property. If the roof already needs replacing the next time a small storms comes also comes a claim for a roof that should have already been replaced.
Do you have to replace roof with the insurance check or can you pay other bills?
I work for an insurance repair company, and yes - if the insurance company has paid you directly for the roof repairs, you can certainly use the money any way you wish. However, if your roof leaks in the future, and say something horrible happens - like your ceiling falls in - the insurance can deny covering any of those damages based on the fact that they paid you to get the roof fixed - which you never did. You could end up with more roof damages than you have now, as well as damages to the inside of your home, which would also be denied.
Can insurance company denied for having organic shingles?
Yes, Organic if you mean "Wood" shingles are notoriously flammable and greatly increase the risk of a house fire. Many Insurance Companies will decline applicants for home insurance when they have a wooden roof. There are also many companies who will accept a home with a wooden roof. The rates will reflect the increased risk.
