Texas Roof Deductible Law

Let s say it will cost 20 000 to replace your 10 year old roof after hail damage and your home policy has a 3 000 deductible.

Texas roof deductible law.

This is usually done with a depreciation schedule. This new law will help further protect consumers. A person insured under a property insurance policy shall pay any deductible applicable to a first party claim made under the policy see tex. A new state law makes it clear that it s illegal for a contractor or roofer to waive an insurance deductible.

Specifically the payment of the deductible of which the homeowner is responsible for paying. Abbott is designed to end the illegal. A policy with replacement cost will pay 17 000 20 000 3 000. Under the recently approved texas house bill 2102 any roofing contractor that offers to waive your deductible on your property insurance could be facing criminal charges.

To get the job texas roofers often offer homeowners a free roof by agreeing to pay the homeowner s insurance deductible. A policy with actual cash value coverage will take into account the age of your roof. The new laws texas hb 2102 have to do with insurance claims on roof repairs replacements. It is a win for reputable contractors as it will punish contractors who waive or otherwise don t collect insurance deductibles from their clients.

This new law will help further protect consumers said texas insurance commissioner kent sullivan. Roofers who waive deductibles are cutting corners. Unfortunately due to a poorly worded statute many. The new law entitled payment of insurance deductible goes into effect september 1 2019 and will be located in chapter 707 of the texas insurance code.

This law takes effect september 1 2019. Hb2102 is the new deductible law that went into effect september 1 st 2019 only 3 months after it was signed by the governor. A new state law makes it clear that it s illegal for a contractor or roofer to waive an insurance deductible. Payment of deductible required.

So roofers are now required to state in their contract in boldface language that you must pay the deductible under your property insurance policy. The first full paragraph states. Hb2102 prohibition against waiving of deductibles available here the waiving of deductibles has been improper in texas since 1989. A new law if approved by gov.

Take your business elsewhere. Take your business elsewhere texas insurance commissioner kent sullivan.