I re-roofed my parentsโ house in 2019.
- And yes, they paid their deductible.
Why it matters: I still get the question every storm season.
- โDo I have to pay deductible?โ
Reality check: Actually, you WANT TO pay it. (insert Jedi mind trick meme here ๐ค)
โ๏ธ How it works:
Replacement cost =
Your deductible +
Insurance proceeds.
- A contractor who waives your deductible
๐ Is cutting corners on your roof
๐ Is running a shady ****business
๐ Is committing a crime
๐ Is causing you to commit insurance fraud
โ For your Smart Homeowner list
- Lower premiums โ> higher deductibles
- Thereโs no โrightโ way โ> either pay more now or pay more later.
- Choose the strategy that makes the most sense for you. ๐
Best,
Travis