Insurance agents sell you on the fact that when you sign up with an insurance company you will have full coverage minus the deductible. You set the deductible amount than this sets the payment schedule. In Minnesota if you have hail damage on the roof and/or siding the insurance company only has to replace the damaged sides of the roofing, and siding on the sides that were damaged. Even if the color does not match from old to new roofing and siding, this is the Minnesota law. Another clever word the insurance companies use is “depredation” they use this word in a cleaver way to avoid payment of funds. Example a house was build 15 years ago with a 25-year shingle they say 3/5’s of the shingle life is gone. The insurance company call it depreciation the roofing job costs $3,000.00 x deprecation (3/5) = $1,200.00 minus the deductible is the check they give you. Yet the coverage you bought for insurance was full replacement value. What they have done is swatted the phrase (% of funds until completion) with the word (deprecation). When the roof is completed, and you force them, then they will pay the balance of the deprecated funds being held, But not the bill incurred by the homeowner. What do you mean? The actual bill for a new roof costs $11,000.00
Yet when you have to have your roof torn off and reshingled because of hail. The insurance companies don’t play fair. The insurance company gives you enough money for the homeowners to reshingle and side the buy themselves with no contractor help. The money you got from the company is enough to pay for the permit and supplies only.
Have fun. .
Minnesota requires that the building contractor must be licensed to work in Minnesota. To get a license you must have 7.5 hours of schooling a year.
Liability insurance must be above 300,000.00, and Workmen’s comp. Insurance.
The contractor has a lot of overhead that must be spread over the 250 working days for the year.
Yet with construction there are always rough weeks were we have to work 60-80 hours and other weeks there is no work. On the average we work 35 hours a week because of this the office overhead has a shortfall of funds Taking money out of the owners pocket lowering his wages.
With the way the insurance companies are paying out funds to get theses houses fixed. Good contractors will not fix insurance claim houses, leaving the door open for poor quality and scam artist contractors willing to do these jobs. Hugo city hall is very upset about the poor quality of contractors working in their city. They can’t figure out how to get a better caliber contractor to do these jobs.