Florida property insurers dropping homeowners based on roofs’ age

[davido]

This is all due to shady lawyers. Oh, wait, is there any other kind?

[williamslade]

These people should file class action suits against the insurance cartels. They collected money from us for decades.

[carlosponchio]

No homeowner can ever get approved for a claim. Then you get an adjuster that also files a claim. also gets denied.Then the adjuster brings in the lawyers and that roof for $20k now comes around $50K....blame the homeowner??wtf

[johnmiller]

Get on the phone to your governor and state reps. All.hands on deck.

[wilsal]

this is crazy we are screw now here in florida

[bobbystajkowski]

At this point it seems more beneficial to cut home insurance completely and invest that money. Might as well just insure yourself.

[Landis_Grant]

So, a home owner must spend say $11, 000 to replace his asphalt shingle roof in order to continue the insurance coverage on his home that has a market value of say $750, 000. He won’t have to worry about dropped insurance coverage for the next 15 years.

[Diablofeb]

I find it insane the way insurance companies are unregulated and ridiculous strict and the way they run "willy nilly". Its absolutely corrupt insurance companies! Where I live in Canada, there is zero issues on coverage cancellations.

[shaoun]

It cost about 80k or more for a roof and then they will lower your premium by about 300 dollars, what a joke.

[ericschumann]

Sunshine cost money add the lawyers they are killing it

[angelofonseca]

I'm having the same issue. Farm bureau just canceled my homeowners. My roof was treated with Somay. Not even roof companies are willing to certify it. Our state of Florida has been ignoring the issue for years..

[lisalee]

New Insurance Commissioner...California too!

[scottymathieson]

Don't worry Florida, when Hurricane Brandon rips though, Congress will
pass a 50 trillion dollar stimulus to buy you all tents to live in & a
$15 baby food voucher !!!

[Howrider]

Shingles don't cost much at all or tar paper I can't believe what they charge for roofs now. It's a total rip off.

[scottwest]

Replaced mine, and still couldn't get insured threw another company, had to stick with the same SOB'es, premium went up $275 a yr with the new roof, ,

[jjlj]

It has mostly to due with homeowners not replacing their roof after it is past its life useful age, and shady roofers and lawyers making bank suing insurance companies for minimal damages. Florida has 10% of the insurance policy nation wide and 75% of the lawsuits.

[dougmann]

Lack of good policy has killed the FL market. They will have to make changes to get the market back or all will have to go to a state funded system which will be terrible (Citizens). Best option for now would be to remove shingle coverage and give the policyholder a discount which they can use to save and replace the roof themselves.

[kevinsmith]

A storm comes through rips the old roof off insurance buys a new one its sill

[tommyvercetti]

I'm a roofer making bank from this 🤑

[williamliddle]

Has nothing to do with the roof, its the shoddy roofing companies running the cost up, Flordia needs to stop the door to door companies, if you need a roof you can tell by looking at it