After reading this article many of the issues covered were more than likely true although how accurate I am not so convinced. One very important issue that was not discussed was how much additional premium was collected under the replacement cost provision of the policy to off set this tremendous expense, or should we say, anticipated expense for roof repair and replacement. With the rest of the data being investigated, analyzed, and considered, do we end up with a different, or even totally different conclusion? I for one would like to see that data considered when coming to the final conclusion to this hypothesis and study. Just sounds incomplete and a little to to one sided for me to swallow hook line and sinker.
So we are comparing a group of policies written with data gathered from building permits. While I agree your findings are probably true, I am wondering if the policies you reviewed might tend to be skewed to newer roofs due to the fact many carriers aren’t interested in older roofs. I would not be surprised to see their books of business to be of newer roofs. Many older roofs aren’t acceptable to many carriers. Or many people with older roofs might not even carry insurance at all. No doubt, roofs and how claims are paid on them will continue to be a hot topic.
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After reading this article many of the issues covered were more than likely true although how accurate I am not so convinced. One very important issue that was not discussed was how much additional premium was collected under the replacement cost provision of the policy to off set this tremendous expense, or should we say, anticipated expense for roof repair and replacement. With the rest of the data being investigated, analyzed, and considered, do we end up with a different, or even totally different conclusion? I for one would like to see that data considered when coming to the final conclusion to this hypothesis and study. Just sounds incomplete and a little to to one sided for me to swallow hook line and sinker.
So we are comparing a group of policies written with data gathered from building permits. While I agree your findings are probably true, I am wondering if the policies you reviewed might tend to be skewed to newer roofs due to the fact many carriers aren’t interested in older roofs. I would not be surprised to see their books of business to be of newer roofs. Many older roofs aren’t acceptable to many carriers. Or many people with older roofs might not even carry insurance at all. No doubt, roofs and how claims are paid on them will continue to be a hot topic.