A homeowner’s insurance policy is actually a contract between you, the homeowner, and your insurance company. This policy outlines the responsibilities of each party should an unforeseen event occur (like a hail storm) and a claim needs to be filed. In that contract,
There is a section that explains what the homeowner is responsible for (deductible) and what the insurance carrier is responsible for (benefits, limits, and exclusions). It’s not just the insurance companies that have financial responsibility if something happens; all homeowners have responsibilities as well. Homeowners who do not pay their deductibles are technically committing a form insurance fraud. Below is some of the actual language in a standard insurance contract. There are variations of this in every homeowner’s policy.
1. Concealment or Fraud
● This policy is void as to you and any other insured, if you or any other insured
under this policy has intentionally concealed or misrepresented any material fact or circumstance, made false statements, or committed fraud related to this insurance, whether before or after a loss.
- ● (2) if this policy has been in effect 90 days or more, we may not cancel thispolicy unless:
- ● (c) you submit a fraudulent claim.
What if a roofer can do the job for $10,500.00 that your adjuster said would be around $12,000.00? Did you just find a way to save your deductible? No. Your deductible comes first. If your job cost you $10,500.00 then your insurance company would only owe you $9,000.00 – there is no financial reward for finding a lower price. The only way a deductible is saved is by turning in a false invoice that reflects the higher dollar amount, not what you actually paid. It is this false invoice where a bad contractor can get you in big trouble.
No, in most cases. Since weather damage isn’t caused by your negligence, your insurer typically won’t hike your rate. However, your rate may increase if you’ve filed a claim within the three previous years, and the hail claim is your second. Get a professional roof inspection before filing a claim.
Homeowners should file an insurance claim only after it has been inspected by a professional and they have found storm related damages. Your contractor should give their opinion to make repairs to the roof or replace the roofing system. If your home has leaks get a professional to inspect the roof and the attic.