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by WrathOfJay 1632 days ago
I live in Florida. Recently a major insurance company, Gulfstream Property and Casualty Insurance Co., has gone insolvent and liquidated. I'm pretty sure the reason is all the free roof replacements that they were handing out to people with hail or wind damage. One neighbor gets their roof replaced, tells another neighbor how to play the system, roofers get paid big by claiming the roofs are worse off than they are, getting full replacements for minor problems. Next thing you know, insurance companies are pulling out of Florida. People with rooves over 15 years old (even if they're rated for 30 year) have next to no options, and the one or two they have are now 50% more expensive. I got nailed by that. No free roof for me, and now I have to pay more. Great system.
1 comments

Check out Kin Insurance. They rate by roof age. Insurance tech startup out of Chicago.