On 2011-08-12, Karl Townsend wrote:
On Fri, 12 Aug 2011 15:51:28 -0500, "Pete C."
wrote:


Karl Townsend wrote:

We had a serious hail storm July 1... That's the same day our idiot
governor shut down the government, its all his fault. That's my story
and I'm sticking to it.

Anyway we got the adjustor's report today. He estimates the house roof
(and other repairs) at 9K and the barn at 29K to replace. We are
making plans to get the house re-roofed.

His report goes on to state we'd get 10K if we just leave the barn go.
I'm tempted. Is there any downside on future insurance claims or other
issues?

Karl

They're offering a 1/3 kickback if you don't make a claim on the barn
essentially. When the roof wears out prematurely in the future due to
the hail damage you no longer have a claim, so you're out $20k. They
have logged the damage, so your rates will be adjusted based on the
hailstorm so you're paying for the claim whether you take the full
amount or not. You can take the full claim amount and still not do
anything to the barn roof, since you have no future claim on it anyway
barring another major storm. Take the full amount, patch what you need
to and put the rest in a CD towards the future roof replacement.

As I understand it, the company needs proof the work is completed to
pay the full amount. I have a 2500 deductable to come up with on the
barn.

How old is the barn roof and how extensive the damage? How much will
flooding cost you?

i