|
Posted by hallerb@aol.com on June 25, 2006, 2:55 pm
mypet wrote:
> Our insurance company rep came and said that they would pay to replace
> the roof, replace the insulation, and paint the ceilings in rooms where
> there were water spots on the ceilings. Then we got the insurance
> check to compare to the estimate and this is what we found:
>
> Estimated cost of roof repair (alone...no painting, insulation, etc.)
> 6500.00
>
> Insurance check supposedly for roof repair, insulation and painting
> less deductible
> 5900.00
>
>
> so...they are saying it will only cost $1400.00 to paint at least 2000
> sq. feet of ceilings
> replace the same (I assume) amount of insulation?
>
> The letter from the insurance states the following which I don't
> understand. Can anyone fill me in on what they are actually saying?
> Am I to understand that if it actually costs much more to replace and
> repair the damage they will THEN mail me the difference?
>
> Also, the roof on our house was a 20 year roof...I asked the adjuster
> what would happen if we installed a 30 year roof this time and she said
> that will be fine. She did not say we would have to pay a differential
> or anything. This sounds funny to me.
>
> Here's what the ins. letter states:
>
> The actual amount of your loss is estimated to be $5900.00.
> Reimbursement of the depreciated amount is part of your replacement
> cost benefits and can be claimed by providing us with copies of the
> final bills, invoices or receipts.
>
> The attached estimate and Explanation of Building Replacement Cost
> Benefits form indicates the maximum replacement cost benefit of
> $695.00.
>
> What in the world are they saying here? Are they indicating that if it
> actually costs more to repair the roof they will pay the difference as
> long as we have invoice proof?
>
> Are they saying they will pay up to $695.00 more and that's it? I'm
> totally confused.
>
> I'd really like to upgrade to a 30 year roof, but I need to know how
> much more I'll actually have out of pocket and if it's worth it!
ask you roofer how much more a longer life shingle will cost
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap