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.
Once your roof has been replaced, it is now a new roof so their would be no depreciation at that point. The roofing contractor is entitled to the amount he quoted and the homeowner agreed to pay for the job, no more.
If your insurance company says they will only pay half the costs of the roof repair, it is probably outlined that way in your policy. You should double check your policy.
yes, we are currently renting and our landlord's insurance paid for ours to be fixed
Generally you would just file a claim with your insurance company. If you have windstorm coverage and your roof met the requirements for coverage on your policy you should have no problem getting the company to pay for repairs.
Impossible? No. However that is like signing up for health insurance when you already have cancer. Expect to pay a lot more. If you are trying to get insurance so that you don't have to pay for a new roof out of your pocket, you have an uphill battle. Howver many roofs are covered that are far more than 20 years old. However, they may be slate roofd.
Escape with a sun roof. Then you get a convertible & pay no more insurance.
The only option you have is to pay for the roof repair yourself, unless the roof damage was caused by a peril covered by your current policy. Another option might be to speak with a senior underwriter from the bank, they may be willing to make an exception if they can make the check out to the roof repair company directly. Good luck!
Probably only if you have full coverage. Otherwise the Insurance company will deny you.
It depends on what caused the roof damage. If it was caused by a covered loss (wind damage) then your Insurance Company should pay for the damage. If the water leaked through the roof as a result of wear and tear, then the roof will not be covered but the resulting water damage may be covered.
This is not a covered peril on a tenants renters insurance policy. Nor should it be. This is the landlords responsibility.
Yes, comprehensive coverage should pay for incidents such as this.