Insurance Companies May Be Cracking Down on Old Roofs
According to a recent article, some homeowners in Tampa Bay have been sent letters from their insurance companies stating that they must repair their roof or risk losing coverage.
Miami, FL -- (SBWire) -- 03/10/2021 --The letters are raising concern among homeowners, especially those who may not be able to afford a new roof. According to the article, homeowners say that an insurance agent should at least come to the property to inspect the roof to see whether it has to be replaced.
To make matters worse, two Tampa Bay State Senators are sponsoring bills that will allow insurance companies to provide policies that change roof premiums to the actual cash value if the roof is older than ten years.
While this trend appears to be limited to the Tampa Bay area, there is always the possibility the practice may eventually extend to South Florida. To read more, please visit https://www.wfla.com/8-on-your-side/better-call-behnken/insurers-sending-letters-to-replace-your-roof-or-lose-your-coverage/.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.
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