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Great opinion piece about Florida's Property Roof Insurance problem and how to Solve it.
Want to Limit Roof Claims in Florida? Why Not a Roof Endorsement?
May 15, 2023
By Ben Mandell
"There is one glaring endorsement that is missing. That is a roof endorsement. As a field adjuster, I have recommended this endorsement for the past several years. It’s really just common sense. "
"My belief is that a Florida policy should contain a roof endorsement that provides for a maximum amount of coverage. As an example, the Roof Endorsement coverage could be $20,000. That would be the maximum a policyholder could receive if their roof were damaged. If the policyholder wants more coverage, then they could purchase more roof coverage for an additional premium. If the policyholder needs $30,000 of protection, then they could purchase an extra $10,000 worth of coverage for the roof."
What do you guys think? Will this work to solve the Florida Home Insurance problem?
Want to Limit Roof Claims in Florida? Why Not a Roof Endorsement?
May 15, 2023
By Ben Mandell
"There is one glaring endorsement that is missing. That is a roof endorsement. As a field adjuster, I have recommended this endorsement for the past several years. It’s really just common sense. "
"My belief is that a Florida policy should contain a roof endorsement that provides for a maximum amount of coverage. As an example, the Roof Endorsement coverage could be $20,000. That would be the maximum a policyholder could receive if their roof were damaged. If the policyholder wants more coverage, then they could purchase more roof coverage for an additional premium. If the policyholder needs $30,000 of protection, then they could purchase an extra $10,000 worth of coverage for the roof."
What do you guys think? Will this work to solve the Florida Home Insurance problem?