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