Recoverable Depreciation/roofer up charging after insurance

Message Author
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Tue Oct 31, 2017 4:04 am   Post subject: Recoverable Depreciation/roofer up charging after insurance  

My roofer who I have previously been happy with for a previous major repair (good work/reasonable price) is now telling me something I find wrong in relation to recoverable depreciation but I am not an expert and I certainly am not trying to commit fraud. I'm located in Texas

Scenario is like this:

Roofer quotes $6,300 for an upgraded shingle (from 25 yr to 50yr), then sees insurance replacement cost value $6,500 and is now quoting $6,500 for basic shingles and and additional $1k for the 50yr shingle ($7,500 total) for the same roof that he was quoting $6,300. He is stating that not charging the additional $1k for the upgrade constitutes fraud. BTW - I'm in no way getting or trying to recover my deductible via a fake invoice, ect. The roofer would be pocketing the difference Sad

My understanding of recoverable depreciation is that its sort of a use it or lose it. If I spent $6k to replace the roof then they would only remembers the $6k difference but if I spend $6,500 and happen to get a better material they would still pay out the $6,500 or would they subtract for the better material or constitute this as some sort of fraud?!


Register Now to have your Insurance queries solved.

Quick Reply
Your Name
Message body
All times are GMT
Page 1 of 1

Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See


Hot topics in forums

Latest in blogs

AmPmInsure on Facebook

Page loaded in 0.202 seconds.