Quote:
Originally Posted by Wormius
I think it’s important to look at the deductibles and coverage from a pragmatic viewpoint. Is overland flooding really likely in your neighbourhood or street? Is it worth keeping a low deductible on wind and hail damage if you have stucco or if your roof value depreciates every year?
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The thing is they all play by different rules, which makes them hard to compare. TD changed it this year so they pay depreciated value instead of replacement cost while yet again increasing my rate. Some of them pay replacement cost for the first five years and then depreciate. How is the average lay person supposed to understand the dollar value of all the different ways each company does their coverage differently?