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Hurricane Insurance Is About to Absolutely Skyrocket
- Thread starter ByLoSellHi
- Start date
Quote from Now is Now:
New roofs/replacements are required to have a "3 dimensional shingle" (may have used the wrong phrase) where the local ordinance requires it to have a 40 year life....the insurance company insist on it being replaced within 25 years.
The category classification is a bit misunderstood....the key to a destructive blow , whether it is a tropical storm cum category one or any other set of categories, is dependant on the strength and duration of the wind. If you experience damage you don't give a rat's arse what category it was classified.
The last blow we had was a tropical force increased to a category 1 and it was a lot more destructive than the previous 3 hurricanes over the last 5/6 years....of course it also depends on your location through the hurricane/storm.
I have been dumped by 2 insurance companies in the last 20 years (no claims)....don't know what Citizens will do other than try to price the homeowner out of their house as they are the "insurer of last resort".
You're correct that wind speed doesn't matter if you receive damage. Many shingle roofs couldn't handle the wind speeds in the 2005 Florida season. Barely pushed 100 mph in areas.
I read that some insurance companies were not going to cover fiberglass shingle roofs over ten years. After that the roof become brittle and is not covered by the limited wind speed warranty.
http://roofing.owenscorning.com/homeowner/shingles/weatherguard-hp.aspx
Having to replace a tile roof due to Citizens requirements is too costly for most. Florida is cooked.
Quote from bruceistheone:
You're correct that wind speed doesn't matter if you receive damage. Many shingle roofs couldn't handle the wind speeds in the 2005 Florida season. Barely pushed 100 mph in areas.
I read that some insurance companies were not going to cover fiberglass shingle roofs over ten years. After that the roof become brittle and is not covered by the limited wind speed warranty.
http://roofing.owenscorning.com/homeowner/shingles/weatherguard-hp.aspx
Having to replace a tile roof due to Citizens requirements is too costly for most. Florida is cooked.
The manufactures limited wind speed warranty is barely worth the paper it's written on, there are a few companies who honor their shingle warranties but most don't.