Homeowners’ insurance premiums fall within the category of bills we pay for services that we hope we never have to use. My wife and I pay our premiums from our escrow. We add twelve equal payments of approximately $100 to our monthly mortgage payment. We often wonder why we have to pay so much when we have never made a claim in fifteen years of owning the home. In the summer of 2012, we found out why when two tropical storms damaged our roof. We made a wise decision in letting a professional roofer deal with the insurance adjuster. This move saved us $1,000 in roof repairs and got us a whole new roof at no cost to us.
Finding the damage
The two storms tore some shingles from one side of the roof and loosened the seams from around the skylight on the other side. Roof leaks can get very hard to find, but we had the fortune of a roofer already working on a neighbor’s house. He looked at our roof and found the problem. The loosened skylight seams allowed rain water to leak in. The water then ran down the inside of the roof and dripped onto our sunroom floor. He then examined the rest of our roof and found the torn shingles, a few of them completely ripped out of place.
We made an appointment for the roofer to examine the damage more thoroughly. When he returned a few days later, he showed me all of the damage that he found on both the top of the house and in the living room ceiling where some of the rain water had discolored the ceiling. This particular company specializes in dealing with homeowner’s insurance claims. The roofer advised me to have our insurance adjuster inspect the damage and give us the report. The roofer would then meet with the adjuster to work out a deal.
Insurance adjuster’s visit
The insurance adjuster called the damage cosmetic only. This meant that the insurance would cover only replacing the torn shingles and repainting the ceiling. We would have to pay the first $1,000 to meet our deductible. The insurance would cover anything above $1,000. We never complained because we signed the contract when we bought the policy, and I knew that the roofer would meet with the adjuster soon.
After approximately one month, we received a call from the roofer. He and the insurance adjuster settled on getting us a brand new roof at no charge to us. The insurance policy covered the entire cost of over $8,700. We simply collected the insurance check and turned it over to the roofing company and paid nothing out of pocket.
Had we tried to handle the insurance claim ourselves, we would have paid up to $1,000 out of pocket and received minimal service. We would have settled for that in years past. Because we allowed the professionals to handle the claim, we received full coverage and a new roof. We saved $1,000 dollars in out-of-pocket expenses and gained even more financial peace of mind.
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