All Forum Posts by: Mary Margaret Bryant
Mary Margaret Bryant has started 2 posts and replied 5 times.
Post: SFH roof insurance claim - replace or repair
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Quote from @Jim G.:
Thanks very much @Mary Margaret Bryant@Tony Wilcox@Bill B.. Having talked with the lawyer that @Mary Margaret Bryant referred, seems I don’t have a case here. I need to find a good and reasonable priced roofer and go ahead to replace the roof. If you have anybody in mind in Orlando area, please refer. Oh yeah, if you have a good PM, I open to change the agent.
Rich Faas with Top Notch Roofing has replaced every roof on my investment properties. Has always given me a fair price.
Post: SFH roof insurance claim - replace or repair
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Quote from @Jim G.:
The SFH is located in Orlando, FL which is normally not a place to hit hurricane often. The SFH was built n 2005 that means the roof is 17 years old. When the hurricane Ian came, though it reduced the force when it reached Orlando, it still blew away a few shingles that estimated repair cost around $1k.
Under the advice of PM, I claimed the insurance. The insurance gave term of replacement. Since it only covers the cash value and if add up the deductible, I only got total $2700. My SFH is about 1800sf single floor. $2700 obvious is way short to cover the replace of the roof. So I would consider to repair.
My question: did I violate the term of this claim if I do the "repair" not "replace"? In the end, it is my money. What the insurance can do to me? Would the same insurance refuse to renew next time if I do "repair"? I've talked to the adjuster who was handling my claim. She seams don't care whether I do "repair" or "replacement". However, when I called the insurance agent he said I need to go with "replacement". Otherwise the insurance company won't renew. Would I have trouble to find another insurance if this one refuse to renew? Frankly, I only paid the premium w/o making claim in past 10 plus year on this house.
Hello Jim! I went through a very similar circumstance. I also live in Orlando FL and have investment properties here. I had storm damage (a couple shingles were blown off) on one of my properties. I made a claim with my insurance company and they said they would only replace the missing shingles, but the cost to do so wouldn't reach my deductible. So I was basically told to pay for it on my own. I hired an attorney to argue the insurance company. We were able to get the insurance company to pay for a full replacement and my attorney fees. I would highly recommend going this route. Insurance companies will tell you to only fix the missing shingles to try and get out of giving you a new roof. I now have a new roof and have switched to a new insurance company that offers me a better premium.
The attorney I used was Hogan Law 5840 S. Semoran Blvd., Orlando, FL 32822
Mary Margaret Bryant - EXP Realty - 321-320-1774
Post: Tax Sale Auctions: Good or Bad?
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I am in Orlando FL.
Originally posted by @Arnie Abramson:
Every state is different. I think it would be wise for you to let us know what state you are interested in and then the responses will be more beneficial. My experience (since 1992) has been in Texas and is different that the previous one about Texas. The risks are certainly manageable and the title issues are not as bad as indicated if you know where to go and, by the way , the redemption period is not the road block for title insurance.
Post: Tax Sale Auctions: Good or Bad?
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I am interested in learning more about tax sale auctions. What are the advantages? What are the things to look out for?
Post: Lower Mortgage Payment Ads
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I purchased my first property about a year ago. I used traditional financing, owner occupied loan, and I house hack the property which allows me to live there for free. I have been receiving letters in the mail saying I might be eligible for a lower mortgage payment and a better interest rate through other lenders. Is this a scam or something I should look into?