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

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.

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.

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

On Fri, 12 Aug 2011 18:22:39 -0500, Ignoramus4922
wrote:

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

The barn was built in 1988. I'm frankly surprised they paid a claim.
Its got dimples. So what, its a barn.

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?

First, ask him to define the terms there and read them until you
understand them, or have your uncle lawyer look over them. ;-)

My only experience with insurance claims was when they totaled
a car for me (the cost of the body work would have exceeded the
bluebook on the car) even though it was driveable, but the guy
said that I could get a "salvage" title, but all they would/could
insure would be liability. I finally sold it for about $200.00.

So, yeah, if you can get 10K and maybe recycle the barn, I'd say
go for it, but make sure that you really understand the terms of
the contract.

Good Luck!
Rich

On Fri, 12 Aug 2011 16:40:56 -0700, Rich Grise
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?

First, ask him to define the terms there and read them until you
understand them, or have your uncle lawyer look over them. ;-)

My only experience with insurance claims was when they totaled
a car for me (the cost of the body work would have exceeded the
bluebook on the car) even though it was driveable, but the guy
said that I could get a "salvage" title, but all they would/could
insure would be liability. I finally sold it for about $200.00.

So, yeah, if you can get 10K and maybe recycle the barn, I'd say
go for it, but make sure that you really understand the terms of
the contract.

Good Luck!
Rich

I had hail storm claims on 2 of my properties at the same time, a
freak storm that just traveled through a small section of the city.
The buildings were just blocks apart and got beat up pretty nicely.
Roof, gutters, and downspouts. Some trim around the windows on one
side of one of the buildings. I had all the damage completely
replaced.

They sent a check for around half, which they said I could keep and
not do any repairs, but if I repaired they would send the rest. I
think that doing the repairs is the way to go since if you have claims
later, they could blame you for not properly addressing a problem.

Over the next couple of years I noticed my premiums creeping up. Not
big jumps, just a little higher each time. So I started shopping
around for a better price. One insurance company quoted an
astronomical amount and said it was based on the prior two claims.

Three other companies gave me good quotes, all top notch insurance
companies. The top two were only a few dollars apart. In the end I
ended up paying around the same premium as before the storm, and I'm
insured with a better company.

Every year my original agent calls me and tries to win back my
business. He offers me rates lower than I'm presently paying. When I
inform my new agent, she always happens to find some discount to apply
and stay competetive.

When I asked my new agent why she would insure me at such a good rate
when one company wouldn't touch me, she replied that she would be a
fool not to. A quarter century with the old company and just one claim
makes me a great customer supposedly. I'm ok with that

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

Talk to an independant adjuster that will be on your side. I bet he
can get the claim increased.

John