When you've been dealing in replacement roofs and repairs for as many years as we have, you end up hearing no shortage of stories. Some are good, some are bad, and some are just too unbelievable for words. One that keeps popping up is the all-too-common tale about how some roofing companies will offer to pay the homeowner's deductible, in exchange for being given the job.
Now, this might sound enticing to some--especially those who without the resources to pay their deductible. But keep in mind that it can end up creating more problems than one might have initially started with.
If a Roofer Offers to Pay Your Deductible in Exchange for Work
Allowing a roofing contractor or service company to pay your deductible could result in the cancellation of your homeowner's policy. The party that suffered the loss is responsible by law to pay the deductible.
Some contractors and home improvement companies understand that times are tough following a loss of real significance, and will capitalize on this in an effort to secure the work. It's a shady tactic from an unethical perspective, though many don't realize that it could end up jeopardizing their active coverage and future premiums.
Finding a Dallas-Fort Worth TX Roofing Company with Integrity
Insurance companies do not overpay claims. The government has never had to "bailout" an insurance company. Insurance pays fair replacement value – your deductible, enough to execute restoration work with new materials and skilled labor. Contractors that participate in the practice of "waiving" deductibles find themselves in a quandary… Deliver a quality product or make a profit? They will most always pick profit.
Contractors that "waive" deductibles often do not pay their material distributors, their laborers, or their bills to cover this practice. You could end up with one of their sub-contractors knocking on your door because they did not receive payment for the work they did on your home or material supply companies attaching mechanics liens to your property for unpaid invoices.