As an Internet marketer I have the opportunity to learn some very interesting facts about the industries represented by my clients. For more than four years I have worked with a roofing company based Northern Virginia, and recently the owner led me to some shocking information regarding water damage and home insurance. If you ever experienced water damage due to a roof leak, call your roofer before you call your home insurance company. It could save you considerable grief.
FYI, there are 2 primary databases that exist for the purpose of supplying home insurance companies with information regarding your history of claims. These agencies are the Comprehensive Loss Underwriting Exchange (CLUE) and A-Plus, owned by Insurance Services Office. They work similarly to credit reporting agencies, providing home insurers with the dirt that can make or break your chances at getting coverage for a fair rate or even obtaining coverage at all.
Water damage claims are as welcome to insurance companies as we would welcome the plague. A very small amount of water trickling in through a roof leak can cause massive damage to a house, resulting in ruined drywall, rotted or corroded structures, mildew and toxic black mold. It is very costly to repair. Even if you have been an excellent customer, paying your bills on time every month, if you file a claim for a roof leak and it’s approved there will be dire consequences.
You may suddenly find your insurance rates have skyrocketed when you go to renew your policy, or worse, your company may refuse to carry you. Once the news is reported to CLUE; good luck finding anyone willing to insure you. My client suggests you work with a local roofer willing to help you around this dilemma. If the roof repairs are not beyond your means, it might be better to pay out of your pocket than file a claim. The other bad news is that some insurance agencies will report you to CLUE just for calling up and asking about water damage claims, even if you never actually file the claim.
Something else you should know if you are in the market to buy a home ‘” the history of insurance claims remains with the house after a homeowner sells and moves out. Before you sign the final contracts do a little research and find out for yourself the past details of any insurance claims. If you don’t, you could easily end up buying a home that no insurance company will touch.
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