Florida Homeowners Are Choosing to Pay Directly for Roof Repairs After Hurricanes—Find Out Why
Living in Florida means beautiful beaches, sunshine, and unfortunately, hurricanes. After a major storm like Hurricane Helene or Milton, many homeowners face the tough decision of how to handle roof repairs. More and more Florida homeowners are choosing to pay out of pocket for these repairs, instead of filing insurance claims. Let’s dive into why this trend is growing and how it could benefit you.
1. High Hurricane Deductibles for Florida Homeowners
Florida homeowners often discover that their hurricane insurance deductibles are much higher than they expected. These deductibles can range from 2% to 10% of a home’s insured value, meaning you could be responsible for thousands of dollars before your insurance even kicks in.
For example, if your home is insured for $300,000 and you have a 5% hurricane deductible, you would need to pay $15,000 out of pocket before your insurance covers any repairs. Faced with this reality, many homeowners opt to handle repairs themselves, especially when the damage is minimal and doesn’t justify the hefty deductible.
2. Fear of Getting Dropped by Insurance Carriers
In recent years, homeowners have been increasingly concerned about losing their insurance coverage after filing a claim. Some insurance companies have been known to drop policyholders after just one or two claims, especially after a major storm when the company is paying out more than usual.
Homeowners in Florida are particularly vulnerable to this because of the state’s high risk for hurricanes. Rather than risk losing coverage, many homeowners are choosing to pay for roof repairs out of pocket to avoid drawing attention from their insurance carrier.
3. Increased Premiums by Insurance Carriers
Another key factor pushing homeowners to pay out of pocket is the fear of rising insurance premiums. Filing a claim after hurricane damage can lead to a significant increase in your yearly insurance cost. While it might seem like a smart choice to use your insurance for repairs, the long-term cost could outweigh the immediate benefit.
Many Florida homeowners are finding that paying for roof repairs upfront saves them more money in the long run by avoiding increased premiums year after year. This is especially true for minor repairs that fall just above the hurricane deductible threshold.
4. Amazing Financing Options
Even though paying out of pocket might seem like a challenge, companies like Reimagine Roofing are offering incredible financing options to make it easier. With financing starting as low as $99 a month, handling roof repairs out of pocket is more affordable than ever.
At Reimagine Roofing, we work with our customers to find the best possible financing options that fit their budget, so you don’t have to worry about paying a large sum upfront. With flexible payment plans, homeowners can protect their homes from future storms without breaking the bank.
Is Paying Out of Pocket the Right Choice for You?
If you’re a Florida homeowner weighing your options after hurricane damage, paying out of pocket might be the smart move. Consider the cost of your deductible, the potential for increased premiums, and the risk of losing your coverage. With affordable financing options available, you can get the repairs you need without the headaches of dealing with your insurance company.
Contact Reimagine Roofing for a Free Inspection Today!
Not sure if you need roof repairs? Reimagine Roofing offers free inspections to help you assess the damage and make an informed decision. We’re here to guide you through the process and provide you with the best financing options available. Don’t wait for the next storm—protect your home now!
Call us today to schedule your free roof inspection or fill out the form on our website to get started!
