Free Roof through Insurance (I am confused) (Houston, White Oak: hazard insurance, how much)

[mojo101]

Originally Posted by TX Rover

Your friend will find that roof claim will pop up with every carrier. Given that it’s Houston area, many will just reject the policy and he’ll end up with some garbage carrier.

why reject him?
now he has a new roof,the insurer has one less claim to worry.
What they dislike most is mold!it is very hard to get rid of mold

[TX Rover]

Originally Posted by mojo101

why reject him?
now he has a new roof,the insurer has one less claim to worry.
What they dislike most is mold!it is very hard to get rid of mold

Claims history. They absolutely can reject him based on recent claims - particularly those like this one that were obviously shady.

[oceangaia]

Originally Posted by mojo101

why reject him?
now he has a new roof,the insurer has one less claim to worry.
What they dislike most is mold!it is very hard to get rid of mold

You would think that a recent major claim means one less risk for the new carrier but I think it's a brotherhood, an unwritten rule to watch each other's back and punish people who do what you describe.

[TX Rover]

Originally Posted by oceangaia

You would think that a recent major claim means one less risk for the new carrier but I think it's a brotherhood, an unwritten rule to watch each other's back and punish people who do what you describe.

Exactly. Claim date far after DOL, inflated value, incomplete repair. Until our legislators take some steps to change these practices, everyone will continue to pick up the tab through inflated rates and limited competition.

[mojo101]

underwriters and actuarial will use the claims data and the area in general to asses future risks,if the area floods once,it could flood again,so why not raise rates to anticipate such,in some cases,they could withdraw from the area,like in Florida,or exclude mobile homes,motor homes

[WRM20]

Originally Posted by mojo101

underwriters and actuarial will use the claims data and the area in general to asses future risks,if the area floods once,it could flood again,so why not raise rates to anticipate such,in some cases,they could withdraw from the area,like in Florida,or exclude mobile homes,motor homes

Floods are not a great example, since nearly all flood insurance is through FEMA, even though it's your regular agent that sells the policy. All standard homeowner's policies in Texas exclude coverage for flooding as defined by law(multiple properties flooded by rising water over an area greater than some number of acres).

Windstorm, fire, hail, etc rates are driven by experience. We used to use Allstate, until they refused to cover non-brick houses. Which was idiotic, as brick doesn't provide any structural strength as used here in Houston.

[mojo101]

I have FEMA and I am in Richmond, TX.
During Harvey,my house is not flooded but my neighbors are,none of them have FEMA ,but I saw them throwing everything out and their insurance covered all the furniture they threw out,they showed me stain and said they dont want them anymore, since insurance is going to cover their loss.
But these items were damaged by flood,not storm or wind or hail?
so does insurance co cover house content,damaged by flooding?

[mojo101]

I am reading my FEMA policy now,building $200k,contents $80K,deductible $1250 each.
if you have turned your basement into a bar or den or office,it only cover washer/dryer/freezer,and installed portable AND window A/Cs.
not your office furniture,electronic devices,bars,carpet,paintings on the wall,bar stools,etc.
I am think of not renewing my policy next year,there is no basement and house contents can be easily replaced ,I also do not have carpet but tiles ,what can flood do to my house?foundations??or the flood water rises high enough to cover the entire house?

[mojo101]

true,FEMA covers flood,but if an area is known to flood,it probably has other weather related problems.

[oceangaia]

Originally Posted by mojo101

I have FEMA and I am in Richmond, TX.
During Harvey,my house is not flooded but my neighbors are,none of them have FEMA ,but I saw them throwing everything out and their insurance covered all the furniture they threw out,they showed me stain and said they dont want them anymore, since insurance is going to cover their loss.
But these items were damaged by flood,not storm or wind or hail?
so does insurance co cover house content,damaged by flooding?

No. They either lied to the insurer about the source of the damage or somehow they were able to prove the damage was caused by rain or they are talking smack and didn't get reimbursed. The latter one doesn't make sense but so many times I have found out someone doing that, perhaps to cover their stupid mistakes or humiliation.