Free Roof through Insurance (I am confused)

[TX Rover]

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

Flood isn't covered by your homeowners insurance and therefore a complete red herring.

[TX Rover]

Originally Posted by WRM20

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.

Brick houses however are much more hail resistant. one of the big ways these people inflate claims is to cite siding and plank damage, then they don't repair that and the HO doesn't pay the deductible.

[TX Rover]

Originally Posted by oceangaia

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.

FEMA, not NFIP covered up to $35K in losses. NFIP is what Mojo has, which rides on top of that disaster relief.

[oceangaia]

Originally Posted by 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?

Check your flood zone and base elevation. We don't have flood insurance on our current home but it's a risk, probably a safe bet for us given all the relevant factors and like you said, ability to mitigate damages, but there's always the risk of that one in a million case that could be catastrophic. The thing about flood insurance (and perhaps hazard insurance as well) is that one claim could exceed a lifetime of premiums. Our last home we did have flood insurance because of the relevant factors (i.e. 2 streets from White Oak Bayou) and we did get flooded. We collected $75k from insurance. At about $1000/yr (in later years it was about $1800 but a decade earlier is was $500) for 15 years, we won big time.

[WRM20]

Originally Posted by 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?

We had 9 inches of water in our townhouse from Allison in 2001. It cost us about $11,000 to get all of the sheetrock repaired, insulation replaced where it got wt, pull up carpet and replace with tile, repaint, clean up everything, etc. And that's not counting the stuff in the garage that tossed because it rusted or got moldy. We have had flood insurance since then.

Originally Posted by TX Rover

Brick houses however are much more hail resistant. one of the big ways these people inflate claims is to cite siding and plank damage, then they don't repair that and the HO doesn't pay the deductible.

Our old cedar siding was pretty hail resistant. Our Allstate agent was really annoyed, and told us Allstate corporate equated brick homes here, which are brick veneer, with homes built out of brick in other parts of the country.

[TX Rover]

Originally Posted by WRM20

We had 9 inches of water in our townhouse from Allison in 2001. It cost us about $11,000 to get all of the sheetrock repaired, insulation replaced where it got wt, pull up carpet and replace with tile, repaint, clean up everything, etc. And that's not counting the stuff in the garage that tossed because it rusted or got moldy. We have had flood insurance since then.



Our old cedar siding was pretty hail resistant. Our Allstate agent was really annoyed, and told us Allstate corporate equated brick homes here, which are brick veneer, with homes built out of brick in other parts of the country.

Yes. As they are far more hail resistant. Your cedar siding was a giant fire risk, brick is not.

[WRM20]

Originally Posted by TX Rover

Yes. As they are far more hail resistant. Your cedar siding was a giant fire risk, brick is not.

The cedar had had fireproofing applied before we bought the house. It's a moot point now, since we replaced the cedar with Hardiplank, which is definitely fireproof and hail resistant. We also switched to Amica for insurance and get better coverage for less money.

[TX Rover]

Originally Posted by WRM20

The cedar had had fireproofing applied before we bought the house. It's a moot point now, since we replaced the cedar with Hardiplank, which is definitely fireproof and hail resistant. We also switched to Amica for insurance and get better coverage for less money.

Hardi is considered and should be rated the same as brick veneer.

[mojo101]

better coverage for less money.
we wont know until we file a claim,how fast do they respond and how soon the $$ arrive and how much they give us?
see,they like to cut you a check and mail vis first class USPS instead of ACH,altho you prefer the later!