Insurance companies and remedial work
My wife and I have consistent ice and water problems in and around the eaves of The Money Pit. The siding, flashing and aluminum wrap on all of the fascia is incorrect. With 40 years of soak/dry cycles the exterior Celotex fiber sheathing is mush. I replaced one exterior wall down to the mudsill during my kitchen renovation.
We have never made a claim in the past because our $1000 deductible was a little to high. After cutting down the drywall ceiling for the 3rd time in 5 years View Image , I am ready to make one now. It’s pointless though if we don’t address the underlying issue.
Opinions?
Thanks,
D
Replies
Usually they will pay for the damge caused by the leak but will not cover the cost of repairing the leak itself. Then they cancel your policy.
Also consider that often insurance only pays for a catastrophic fairlure/damage and will NOT pay you for long term damage caused by anything. I had a friend say that he went to make such a claim and discovered that not only might they deny the claim, but that his house could potentially be blackballed in some way (maybe a database of known damage??).
If the damage is inspected and is considered or clearly a long term event, you may have issues. Take care and go in w/ your eyes and mind wide open. Read your policy carefully for what it does and does not cover.