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Well, That's A Mighty Big Wrench....

February 27th, 2015 at 09:53 pm

I just got a call from my insurance agent's assistant (homeowners insurance on our primary residence). She wanted to give me a heads up that the home office had sent out an underwriter, who has decided that we need a new roof, and they will be sending us a letter to that effect. Apparently some shingles are curling in one area.

Now, to be honest, we've known the roof would need replacing *someday* and since my grandpa died 14 years ago, the roof is at least that old -- and it may have been last replaced before my grandma died in 1995. So they may not be too off-base, but even the assistant said in most of the pictures she saw the roof looked fine. We have a few homes in our neighborhood that desperately need a new roof, and there's a substantial difference between theirs and ours.

I guess the next step (well, after the snow melts!) is to get a certified roofing inspector to tell us how much life they feel the roof has left, and/or if it can be spot-repaired to get a few more years out of it. Apparently this is not an uncommon thing for insurance companies to do, and often if an inspector says the roof has a few more years in it the insurance will accept that.

If they don't, however, or if the inspector agrees that the roof needs to be replaced immediately, we're looking at about a $15K job. More than I have in the EF by a wide margin! I do have some options in mind already, none of them ideal and all of them involving adding debt somewhere. *sigh*

S is of course livid, and wants to switch insurance companies. Shopping around might not be a bad idea regardless (although they'll give us a 20% discount on our premiums the first year, then 19% the second year, etc.) but now that they've noted it needs replacing, any other insurance company will have the same requirement. I also do really appreciate the fact that the local office called to let me know the letter was on the way, rather than just letting me be blindsided by it. I would have totally lost it. They also are giving us a year to get it replaced -- very generous, as in some discussions I saw people were given 60 days.

I knew I shouldn't have answered that phone call!

4 Responses to “Well, That's A Mighty Big Wrench....”

  1. creditcardfree Says:

    Wow! I have never heard of insurance companies doing this. It would nothurt to shop around and see what other companies say...and of course shop for a good roofing company, too. My understanding is that when shingles curl it is because there isn't good air flow from under the eves into the attic...or something like that. It happened on a home we owned. We got away with replacing some shingles when we sold, but have since heard the entire roof had to be replaced, so it will just keep happening if the airflow isn't addressed. Again, just from my experience.

  2. snafu Says:

    I thought it was terrific of your insurance to notify you of a potential problem. Having to have a roof replaced with 60 day notice is tough, having a year to explore root cause and options should make the procedure tolerable. If you can manage to limit it to the damaged/curling area and solve it's underlying problem it could prevent major interior damage. Chasing where water damage has occurred is really awful.

  3. Looking Forward Says:

    I have never heard of companies doing this either... Wow!
    We replaced our roof in November and got a HELOC to do it. Not happy to take on the debt, but SO happy with the new roof. Smile

  4. rob62521 Says:

    This is the first I've heard of a company doing this. Wow.

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