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Shingles as on the roof of a house, not the residue of having chicken pox. Sorry if I confused you.
I read the long thread posted by rfb. Not much specific information other than a discussion of morals.
My shingles are CertainTeed Classic Horizon Shangles according to the wrapping on the bundle left by the builder of the house from whom we bought. Wrapping says they were made in Oxford, NC. I have to think this is what was used on the roof.
I have no roof issues at this time, but I am going to employ an independent inspector to look at the roof and make an assessment. If I have normal wear and tear, I'll pay for a new roof when the time comes. If there is premature failure, I'll take it up with CertainTeed.
Thanks for the insight, folks.
I found this website back in Dec (I may have posted it on that thread).
17. How much money can I expect to receive if my claim is found to be valid?
If your claim is found to be compensable, you will receive US$74 per square, prorated to account for years of actual use compared to warranty length. Go to the Estimated Settlement Calculator to calculate how much money you can expect to receive if your claim is found to be valid.
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If you are still unsure whether you are covered, call 1-888-898-4111 for assistance.
So you may get some pro-rated amount of money. But it's not a lot - when I did the math it was like $800 or less for me. Since it's pro-rated, you are better off filing for $ now vs later.
People are replacing their roofs filing claims on insurance. The shingle failures look like damage to some adjusters (or they can be talked into it). Since the shingles have been discontinued, and most policies require replacement of like kind and quality, you get a new roof if it's found there is damage.
Being a roofing salesman is almost like being a snake oil salesman. It can be such a fraudulent business.
It's hard to believe that they get so many insurance claims approved for just minor repairs needed. My last insurance company was absolutely obsessed with roofing insurance claims. They would send me a letter 2x a year telling me the % they'd depreciate my roof and what little they'd pay if I did have a claim.
And because a home has stains and mildew on the roof, it doesn't mean the roof is not still good. It's just got stains.
I had some roofing issues last Fall, and got an estimate of $20,000 for a replacement. While I have no leaks, I better start saving up my quarters and spare change because my 12 year old house will eventually need a roof. They're simply wear items.
Being a roofing salesman is almost like being a snake oil salesman. It can be such a fraudulent business.
It's hard to believe that they get so many insurance claims approved for just minor repairs needed. My last insurance company was absolutely obsessed with roofing insurance claims. They would send me a letter 2x a year telling me the % they'd depreciate my roof and what little they'd pay if I did have a claim.
And because a home has stains and mildew on the roof, it doesn't mean the roof is not still good. It's just got stains.
I had some roofing issues last Fall, and got an estimate of $20,000 for a replacement. While I have no leaks, I better start saving up my quarters and spare change because my 12 year old house will eventually need a roof. They're simply wear items.
You can't repair a discontinued shingle. Most policies require a replacement with the same "kind and quality". It's a loophole that roofing companies are eating up, and insurance companies are (for now) left holding the bag. Rates will go up, but they will for those who didn't file claims as well.
Your policy may have different requirements (and as such may be cheaper).
My roof was not depreciated in any way when it came time for replacement. They sent a depreciated amount to me right after the claim was approved, then when I had the work done I submitted the final invoice and the full replacement cost of the roof was paid out.
I never intended to stay in my home (unfortunate we couldn't get a "free" new roof on the next home we buy!) but now that I've put a new roof and HVAC into this one, I'm seriously considering renting it out instead of selling.
So another question: say they found your shingles problematic and insurance is willing to cover it. Do you have to get shingle roof again? Can you instead get a metal roof and cover the difference out of pocket? Asking for a friend.
EDIT: It looks like you answered that question above. So "no"...
So another question: say they found your shingles problematic and insurance is willing to cover it. Do you have to get shingle roof again? Can you instead get a metal roof and cover the difference out of pocket? Asking for a friend.
EDIT: It looks like you answered that question above. So "no"...
You'll get a depreciated amount initially. But you'll see the amount they will pay out fully. Sometimes the insurance company misses things, and that can be adjusted by submitting another estimate. But they won't cover a jump in kind and quality. From my inference, it might be a couple hundred $ at most.
So, basically, you'll see the payout +/- and then just go shopping. If you spend less, you don't get the difference as cashback (or shouldn't - that is insurance fraud, which is rife in this scenario).
A metal roof is many times more expensive but will last a really long time, and almost impervious to any sort of damage.
If one was in their home for a long, long time it would make sense.
There is another neat trick that I found out about too late. Tesla solar roofs are all the rage but both GAF and Certainteed have integrated their roofing systems into solar installs. This means that the entire roof replacement is subject to tax credits (I think 26% now?) plus the local credits (Duke is out of them this year though I believe) plus you get your insurance to pay for the cost of just the roof.
So pretend you have a new roof that is $9000, the integrated solar system is $18,000. You'll get 26% off $18,000 = $13,000 net. You install a 5kw solar system and Duke will give you $0.60 per watt which is $3,000.
So, your net out of pocket is $1,000 + deductible which is normally $1,000. Or total of $2,000. And the way they integrate the solar panels on to the roof is significantly better designed than the traditional after market lag bolting with silicone type deal.
So for some people, if they plan it right, they can get a solar panel system on top of their new roof for next to nothing out of pocket. Tax credit %'s have come down lately though so you may be out of pocket, but it could still make sense if you plan on staying in the home.
Seeing the damage/rot that just a simple sat dish did to my sheathing I will never buy a home (or install) without an integrated solar system ever. That was on the roof ~13 years.
You'll get a depreciated amount initially. But you'll see the amount they will pay out fully. Sometimes the insurance company misses things, and that can be adjusted by submitting another estimate. But they won't cover a jump in kind and quality. From my inference, it might be a couple hundred $ at most.
So, basically, you'll see the payout +/- and then just go shopping. If you spend less, you don't get the difference as cashback (or shouldn't - that is insurance fraud, which is rife in this scenario).
A metal roof is many times more expensive but will last a really long time, and almost impervious to any sort of damage.
If one was in their home for a long, long time it would make sense.
There is another neat trick that I found out about too late. Tesla solar roofs are all the rage but both GAF and Certainteed have integrated their roofing systems into solar installs. This means that the entire roof replacement is subject to tax credits (I think 26% now?) plus the local credits (Duke is out of them this year though I believe) plus you get your insurance to pay for the cost of just the roof.
So pretend you have a new roof that is $9000, the integrated solar system is $18,000. You'll get 26% off $18,000 = $13,000 net. You install a 5kw solar system and Duke will give you $0.60 per watt which is $3,000.
So, your net out of pocket is $1,000 + deductible which is normally $1,000. Or total of $2,000. And the way they integrate the solar panels on to the roof is significantly better designed than the traditional after market lag bolting with silicone type deal.
So for some people, if they plan it right, they can get a solar panel system on top of their new roof for next to nothing out of pocket. Tax credit %'s have come down lately though so you may be out of pocket, but it could still make sense if you plan on staying in the home.
Seeing the damage/rot that just a simple sat dish did to my sheathing I will never buy a home (or install) without an integrated solar system ever. That was on the roof ~13 years.
This is great info. You probably spent hours researching this, and sharing it freely and openly -- so I really appreciate it. My neighbor just got a new metal roof and the solar panels at the same time. I was planning to chat with him about it, but with Covid, everyone is sticking with waving and saying "hi" so I didn't want to freak him out by approaching him.
My grandparents lived in a 100+ year old home with the original metal roof. But back then, it was pretty straight forward to make them vs all the peaks and valleys we have on modern homes (and why even asphalt shingles cost $15-$20k for some folks). The low bid on my roof was $7k, mid point $8800 which included upgraded shingles and warranty, and the high point was $9500.
Dallas, TX has a lot of McMansion type homes. Every time I go there it's one of my first thoughts "wow it must cost a fortune to replace that". Of course, down there you're on the payment plan because insurance buys a new one every decade or so with all the wind and hail damage.
My grandparents lived in a 100+ year old home with the original metal roof. But back then, it was pretty straight forward to make them vs all the peaks and valleys we have on modern homes (and why even asphalt shingles cost $15-$20k for some folks). The low bid on my roof was $7k, mid point $8800 which included upgraded shingles and warranty, and the high point was $9500.
Dallas, TX has a lot of McMansion type homes. Every time I go there it's one of my first thoughts "wow it must cost a fortune to replace that". Of course, down there you're on the payment plan because insurance buys a new one every decade or so with all the wind and hail damage.
My buddy in another subdivision in WF just got the visit from the roofing guy. Dude went up and poked around on the roof. Said he needed a new one.
Had a three way call with the roof guy and his insurance company. Roofing guy quoted him 42K for a new roof (cedar shingles) and the insurance company was like "oh, ok, no problem. Here's 45K"
My buddy made $3K on the deal....I don't claim to understand any of this.
I think I mentioned this in another thread, but I called my insurance company and asked them if there was any sort of premium discount since I paid for my roof out of pocket while all my neighbors make insurance claims. I was told I could get a slight discount if I also replaced my HVAC, all electrical wiring, and all plumbing.
Good looking out guys....good looking out. At the end of the call the rep told me that I did the right thing, and that it is in fact ridiculous what goes on. Not quite the reward I was looking for.
I think I mentioned this in another thread, but I called my insurance company and asked them if there was any sort of premium discount since I paid for my roof out of pocket while all my neighbors make insurance claims. I was told I could get a slight discount if I also replaced my HVAC, all electrical wiring, and all plumbing.
Good looking out guys....good looking out. At the end of the call the rep told me that I did the right thing, and that it is in fact ridiculous what goes on. Not quite the reward I was looking for.
You can join me on the sucker bus m378
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