I re-roofed my parentsβ house in 2019.
- And yes, they paid their deductible.
Why it matters: I still get the question every storm season.
- βDo I have to pay deductible?β
Reality check: Actually, you WANT TO pay it. (insert Jedi mind trick meme here π€)
βοΈ How it works:
Replacement cost =
Your deductible +
Insurance proceeds.
- A contractor who waives your deductible
π Is cutting corners on your roof
π Is running a shady ****business
π Is committing a crime
π Is causing you to commit insurance fraud
β For your Smart Homeowner list
- Lower premiums β> higher deductibles
- Thereβs no βrightβ way β> either pay more now or pay more later.
- Choose the strategy that makes the most sense for you. π
Best,
Travis