Negotiating With the Seller to File An Insurance Claim

[Greg Carr]

I work for a roofing company in DFW, and I would like some input on my proposed strategy.

I am thinking of working with sellers to file insurance claims to get their roofs replaced prior to closing. The investor would pay for the deductible, and we would pay the homeowner a small bonus for having our yard sign out for a month. This way, the homeowner actually makes a little money (though the closing is delayed), and the investor pays only for the deductible rather than a whole roof, gets a higher quality roof upgrade and a transferable warranty. Seems like a win all ways.

Does anyone have any experience doing this? I was talking to an investor recently and he told me that he is looking for a roofer to help him do this, and I gave him my card. What difficulties can occur with closing, negotiating with the seller, and the insurance claim process?