Quote:
Originally Posted by darklord700
My roof is 20 years old and is on it's last stand. One bad hail and the insurance company is gonna give me a new roof or even 80% of it is just too good to be true. But that's the impression I got from the adjuster so I don't get it. Like if you totaled a 20 year old car, the insurance company is not going to give you a brand new one. But if they do give me a new roof, I'm not gonna complain too.
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Quote:
Originally Posted by undercoverbrother
Many home owners policy's are based on replacement cost. Auto policy are ACV. So you wreck you 20 yr old car you get what a 20 yr old car is worth. You get hail damage to you servicable roof you get the roof replaced. You weren't comparing apples and apples.
That being said some insurers sell ACV policys for homes. Ask you adjuster he/she should know, or ask your insurer.
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Or they put a limitation on the roof once it gets to a certain age.....