Not a woodworking question per se. But a question on the cost of installin=
g a roof on a house. So at least its carpentry focused. I am in the proce=
ss of getting annual quotes on house insurance. Some policies cover the re=
placement cost of the roof at 100% regardless of the age or condition of th=
e roof. If the house burns down and is rebuilt, the insurance company pays=
for a brand new roof. Other policies only pay a depreciated value on the =
roof. My roof is 20 years old so basically they are saying they would pay =
almost nothing for a replacement roof if my whole house burned down and was=
rebuilt. They pay 100% on rebuilding the house brand new except don't giv=
e you any money to install a roof.
My question is: How much does it cost to put on a new roof on a house? My=
house is about 1250 square feet, hip roof, ranch one story, asphalt shingl=
es. Somewhat basic, simple roof. In your answers please say whether the p=
rice is for a re-roof of an existing house where they just put on new shing=
les and tar paper. Or whether its the portion associated to the roof of a =
new house build. Assume this is shingles, paper, sheathing, and maybe trus=
ses/rafters too. What part of the country the quote is from might be very =
relevant too. I'm in the Midwest.
On 10/18/2019 2:51 PM, Unquestionably Confused wrote:
> On 10/18/2019 2:41 PM, [email protected] wrote:
>> Not a woodworking question per se.=C2=A0 But a question on the cost of=
installing a=20
>> roof on a house.=C2=A0 So at least its carpentry focused.=C2=A0 I am i=
n the process of=20
>> getting annual quotes on house insurance.=C2=A0 Some policies cover th=
e replacement=20
>> cost of the roof at 100% regardless of the age or condition of the roo=
f.=C2=A0 If=20
>> the house burns down and is rebuilt, the insurance company pays for a =
brand=20
>> new roof.=C2=A0 Other policies only pay a depreciated value on the roo=
f.=C2=A0 My roof=20
>> is 20 years old so basically they are saying they would pay almost not=
hing for=20
>> a replacement roof if my whole house burned down and was rebuilt.=C2=A0=
They pay=20
>> 100% on rebuilding the house brand new except don't give you any money=
to=20
>> install a roof.
>>
>> My question is:=C2=A0 How much does it cost to put on a new roof on a =
house?=C2=A0 My=20
>> house is about 1250 square feet, hip roof, ranch one story, asphalt sh=
ingles. =20
>> Somewhat basic, simple roof.=C2=A0 In your answers please say whether =
the price is=20
>> for a re-roof of an existing house where they just put on new shingles=
and tar=20
>> paper.=C2=A0 Or whether its the portion associated to the roof of a ne=
w house=20
>> build.=C2=A0 Assume this is shingles, paper, sheathing, and maybe trus=
ses/rafters=20
>> too.=C2=A0 What part of the country the quote is from might be very re=
levant too. =20
>> I'm in the Midwest.
>>
>=20
> About the only variable - other than whether it's high tide in the Port=
of=20
> Boston - you didn't put in here is whether or not it's a tear off.
>=20
> You simply have too many variables to get a meaningful estimate.
>=20
> Suggestion?=C2=A0 You have a twenty year old roof.=C2=A0 Call a couple =
of roofing=20
> companies and get a free estimate.
I live in south Texas and have had new roof and big tree removable done. =
Get=20
bids from some of the smaller contractors. I got a good job done for half=
of=20
what the big companies charge.
On 10/18/2019 2:41 PM, [email protected] wrote:
> Not a woodworking question per se. But a question on the cost of installing a roof on a house. So at least its carpentry focused. I am in the process of getting annual quotes on house insurance. Some policies cover the replacement cost of the roof at 100% regardless of the age or condition of the roof. If the house burns down and is rebuilt, the insurance company pays for a brand new roof. Other policies only pay a depreciated value on the roof. My roof is 20 years old so basically they are saying they would pay almost nothing for a replacement roof if my whole house burned down and was rebuilt. They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>
> My question is: How much does it cost to put on a new roof on a house? My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles. Somewhat basic, simple roof. In your answers please say whether the price is for a re-roof of an existing house where they just put on new shingles and tar paper. Or whether its the portion associated to the roof of a new house build. Assume this is shingles, paper, sheathing, and maybe trusses/rafters too. What part of the country the quote is from might be very relevant too. I'm in the Midwest.
>
About the only variable - other than whether it's high tide in the Port
of Boston - you didn't put in here is whether or not it's a tear off.
You simply have too many variables to get a meaningful estimate.
Suggestion? You have a twenty year old roof. Call a couple of roofing
companies and get a free estimate.
On Fri, 18 Oct 2019 15:58:21 -0500, gray_wolf <g_wolf@howling_mad.com>
wrote:
>On 10/18/2019 2:51 PM, Unquestionably Confused wrote:
>> On 10/18/2019 2:41 PM, [email protected] wrote:
>>> Not a woodworking question per se. But a question on the cost of installing a
>>> roof on a house. So at least its carpentry focused. I am in the process of
>>> getting annual quotes on house insurance. Some policies cover the replacement
>>> cost of the roof at 100% regardless of the age or condition of the roof. If
>>> the house burns down and is rebuilt, the insurance company pays for a brand
>>> new roof. Other policies only pay a depreciated value on the roof. My roof
>>> is 20 years old so basically they are saying they would pay almost nothing for
>>> a replacement roof if my whole house burned down and was rebuilt. They pay
>>> 100% on rebuilding the house brand new except don't give you any money to
>>> install a roof.
>>>
>>> My question is: How much does it cost to put on a new roof on a house? My
>>> house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>>> Somewhat basic, simple roof. In your answers please say whether the price is
>>> for a re-roof of an existing house where they just put on new shingles and tar
>>> paper. Or whether its the portion associated to the roof of a new house
>>> build. Assume this is shingles, paper, sheathing, and maybe trusses/rafters
>>> too. What part of the country the quote is from might be very relevant too.
>>> I'm in the Midwest.
>>>
>>
>> About the only variable - other than whether it's high tide in the Port of
>> Boston - you didn't put in here is whether or not it's a tear off.
>>
>> You simply have too many variables to get a meaningful estimate.
>>
>> Suggestion? You have a twenty year old roof. Call a couple of roofing
>> companies and get a free estimate.
>
>I live in south Texas and have had new roof and big tree removable done. Get
>bids from some of the smaller contractors. I got a good job done for half of
>what the big companies charge.
Home Depot's contractor quoted $10,000. A local roofing-only firm
that's been in business for decades quoted $4,500.
It definitely pays to shop around. Might have found someone even
cheaper but preferred to do business with someone who was likely to be
there for warranty work.
On Friday, October 18, 2019 at 3:41:50 PM UTC-4, [email protected] wrote=
:
> Not a woodworking question per se. But a question on the cost of install=
ing a roof on a house. So at least its carpentry focused. I am in the pro=
cess of getting annual quotes on house insurance. Some policies cover the =
replacement cost of the roof at 100% regardless of the age or condition of =
the roof. If the house burns down and is rebuilt, the insurance company pa=
ys for a brand new roof. Other policies only pay a depreciated value on th=
e roof. My roof is 20 years old so basically they are saying they would pa=
y almost nothing for a replacement roof if my whole house burned down and w=
as rebuilt. They pay 100% on rebuilding the house brand new except don't g=
ive you any money to install a roof.
>=20
> My question is: How much does it cost to put on a new roof on a house? =
My house is about 1250 square feet, hip roof, ranch one story, asphalt shin=
gles. Somewhat basic, simple roof. In your answers please say whether the=
price is for a re-roof of an existing house where they just put on new shi=
ngles and tar paper. Or whether its the portion associated to the roof of =
a new house build. Assume this is shingles, paper, sheathing, and maybe tr=
usses/rafters too. What part of the country the quote is from might be ver=
y relevant too. I'm in the Midwest.
How are you getting these "annual quotes on house insurance"? Are you=20
shopping on your own or are you using an independent agent?
I suggest that you sit down with an independent insurance agent that knows=
=20
your area and can ask/answer specific questions related to your house and=
=20
your area, including your exact neighborhood.
It won't cost you a dime and you can have them tell you the impact of
buying full replacement coverage with and without a roof included.
That said, I'm confused by this ask: "Assume this is shingles, paper,=20
sheathing, and maybe trusses/rafters too."
Are you saying that you have seen full replacement coverage that doesn't
include trusses/rafters and sheathing as part of the coverage? If your hous=
e
burns to the ground they'll pay for everything below the top plate of the
wall, but they stop paying there? Hmm... maybe I better check my policy. =
=20
Oh wait, I don't have to. I'll just call my agent and ask. ;-)
On Sat, 19 Oct 2019 16:41:17 -0400, Clare Snyder <[email protected]>
wrote:
>On Sat, 19 Oct 2019 11:41:07 -0400, J. Clarke
><[email protected]> wrote:
>
>>On Sat, 19 Oct 2019 11:15:32 -0400, Clare Snyder <[email protected]>
>>wrote:
>>
>>>On Fri, 18 Oct 2019 16:42:41 -0400, [email protected] wrote:
>>>
>>>>On Fri, 18 Oct 2019 12:41:47 -0700 (PDT), "[email protected]"
>>>><[email protected]> wrote:
>>>>
>>>>> I am in the process of getting annual quotes on house insurance.
>>>>>Some policies cover the replacement cost of the roof at 100%
>>>>>regardless of the age or condition of the roof.
>>>>> If the house burns down and is rebuilt, the insurance company pays for a brand new roof.
>>>>> Other policies only pay a depreciated value on the roof.
>>>>> My roof is 20 years old so basically they are saying they would pay almost nothing
>>>>> for a replacement roof if my whole house burned down and was rebuilt.
>>>>> They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>>>>>
>>>>>My question is: How much does it cost to put on a new roof on a house?
>>>>>My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>>>>> Somewhat basic, simple roof.
>>>>> In your answers please say whether the price is for a re-roof of an existing house
>>>>>where they just put on new shingles and tar paper. Or whether its the portion
>>>>> associated to the roof of a new house build.
>>>>> Assume this is shingles, paper, sheathing, and maybe trusses/rafters too.
>>>>> What part of the country the quote is from might be very relevant too.
>>>>> I'm in the Midwest.
>>>>>
>>>>
>>>>I suspect that you have mis-understood the coverage - no offence ..
>>>>I suspect that they pro-rate the roof repair/replacement -
>>>>only when it is the subject of the claim - ie wind damage ; tree
>>>>branch ; but if the claim is for the whole house -
>>>> - the shingles would be treated like everything else -
>>>> otherwise they would be pro-rating your siding, plumbing,
>>>>flooring, fixtures, etc etc
>>>> I'm not an insurance person - just trying to use common sense -
>>>> I suggest you double check this detail with a good broker.
>>>>
>>>>ps: they DO drive by and take-a-look - and probably take
>>>>photos - before signing on new or suspect policies -
>>>>.. when our old dumpy family home passed to my eldest brother -
>>>>- they made him install a rail on the 50 year old step/landing ;
>>>> and install an outdoor GFI receptacle for the block heater -
>>>> which happened to be plugged in - through a window -
>>>>when they drove by for their inspection ..
>>>> I'm not sure how well-trained the insurance "inspectors" are
>>>> - they didn't mention the big branch - hanging over the house -
>>>>from the neighbours ancient white birch tree ..
>>>> ... we looked after that afterwards.
>>>>.. nor the big 100 year old spruce tree hanging over the other
>>>>neighbours house ... dunno ..
>>>> John T.
>>>>
>>>Big difference in insurance between Canada and the USA too - but what
>>>you say pretty much applies across the board.
>>>
>>>Insurance companies are NOT in the business of taking risks - - - - -
>>>And yes, I've spent 17 years working in an insurance office - not as
>>>an insurance professional but as their IT support - and learned a lot
>>>about insurance. My daughter is also an insurance professional
>>>(commercial lines mostly - but also personal lines property insurance)
>>
>>Insurance is _all_ about taking risks. If there was no risk there
>>would be no need for insurance.
>>
>>What insurance is not about is charging less to assume a risk than the
>>actuarial cost of that risk.
> The actuarial tables and risk assessment are designed to eliminate
>risk to the insurer. They are in business to make money by reducing
>YOUR risk - not by taking a risk themselves.
You are using two different definitions of "risk" in that sentence.
Please pick one and stick with it.
On 10/18/2019 3:41 PM, [email protected] wrote:
>
> My question is: How much does it cost to put on a new roof on a house? My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles. Somewhat basic, simple roof. In your answers please say whether the price is for a re-roof of an existing house where they just put on new shingles and tar paper. Or whether its the portion associated to the roof of a new house build. Assume this is shingles, paper, sheathing, and maybe trusses/rafters too. What part of the country the quote is from might be very relevant too. I'm in the Midwest.
>
I'd say between 5k and 10k. Cheap shingles or high grade 40 year?
Venting? gutters? In the case of a fire they probably would do tear
off. Wind damage they my depreciate but I realy don't know for sure.
I think what you really need is a better insurance agent. In 54 years
of home ownership I never had to go through all of that.
On 10/18/2019 2:41 PM, [email protected] wrote:
> Not a woodworking question per se. But a question on the cost of installing a roof on a house. So at least its carpentry focused. I am in the process of getting annual quotes on house insurance. Some policies cover the replacement cost of the roof at 100% regardless of the age or condition of the roof. If the house burns down and is rebuilt, the insurance company pays for a brand new roof. Other policies only pay a depreciated value on the roof. My roof is 20 years old so basically they are saying they would pay almost nothing for a replacement roof if my whole house burned down and was rebuilt. They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>
> My question is: How much does it cost to put on a new roof on a house? My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles. Somewhat basic, simple roof. In your answers please say whether the price is for a re-roof of an existing house where they just put on new shingles and tar paper. Or whether its the portion associated to the roof of a new house build. Assume this is shingles, paper, sheathing, and maybe trusses/rafters too. What part of the country the quote is from might be very relevant too. I'm in the Midwest.
>
The best answer is going to come from a local contractor.
On Fri, 18 Oct 2019 12:41:47 -0700 (PDT), "[email protected]"
<[email protected]> wrote:
> I am in the process of getting annual quotes on house insurance.
>Some policies cover the replacement cost of the roof at 100%
>regardless of the age or condition of the roof.
> If the house burns down and is rebuilt, the insurance company pays for a brand new roof.
> Other policies only pay a depreciated value on the roof.
> My roof is 20 years old so basically they are saying they would pay almost nothing
> for a replacement roof if my whole house burned down and was rebuilt.
> They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>
>My question is: How much does it cost to put on a new roof on a house?
>My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
> Somewhat basic, simple roof.
> In your answers please say whether the price is for a re-roof of an existing house
>where they just put on new shingles and tar paper. Or whether its the portion
> associated to the roof of a new house build.
> Assume this is shingles, paper, sheathing, and maybe trusses/rafters too.
> What part of the country the quote is from might be very relevant too.
> I'm in the Midwest.
>
I suspect that you have mis-understood the coverage - no offence ..
I suspect that they pro-rate the roof repair/replacement -
only when it is the subject of the claim - ie wind damage ; tree
branch ; but if the claim is for the whole house -
- the shingles would be treated like everything else -
otherwise they would be pro-rating your siding, plumbing,
flooring, fixtures, etc etc
I'm not an insurance person - just trying to use common sense -
I suggest you double check this detail with a good broker.
ps: they DO drive by and take-a-look - and probably take
photos - before signing on new or suspect policies -
.. when our old dumpy family home passed to my eldest brother -
- they made him install a rail on the 50 year old step/landing ;
and install an outdoor GFI receptacle for the block heater -
which happened to be plugged in - through a window -
when they drove by for their inspection ..
I'm not sure how well-trained the insurance "inspectors" are
- they didn't mention the big branch - hanging over the house -
from the neighbours ancient white birch tree ..
... we looked after that afterwards.
.. nor the big 100 year old spruce tree hanging over the other
neighbours house ... dunno ..
John T.
On Fri, 18 Oct 2019 16:42:41 -0400, [email protected] wrote:
>On Fri, 18 Oct 2019 12:41:47 -0700 (PDT), "[email protected]"
><[email protected]> wrote:
>
>> I am in the process of getting annual quotes on house insurance.
>>Some policies cover the replacement cost of the roof at 100%
>>regardless of the age or condition of the roof.
>> If the house burns down and is rebuilt, the insurance company pays for a brand new roof.
>> Other policies only pay a depreciated value on the roof.
>> My roof is 20 years old so basically they are saying they would pay almost nothing
>> for a replacement roof if my whole house burned down and was rebuilt.
>> They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>>
>>My question is: How much does it cost to put on a new roof on a house?
>>My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>> Somewhat basic, simple roof.
>> In your answers please say whether the price is for a re-roof of an existing house
>>where they just put on new shingles and tar paper. Or whether its the portion
>> associated to the roof of a new house build.
>> Assume this is shingles, paper, sheathing, and maybe trusses/rafters too.
>> What part of the country the quote is from might be very relevant too.
>> I'm in the Midwest.
>>
>
>I suspect that you have mis-understood the coverage - no offence ..
>I suspect that they pro-rate the roof repair/replacement -
>only when it is the subject of the claim - ie wind damage ; tree
>branch ; but if the claim is for the whole house -
> - the shingles would be treated like everything else -
> otherwise they would be pro-rating your siding, plumbing,
>flooring, fixtures, etc etc
> I'm not an insurance person - just trying to use common sense -
> I suggest you double check this detail with a good broker.
>
>ps: they DO drive by and take-a-look - and probably take
>photos - before signing on new or suspect policies -
>.. when our old dumpy family home passed to my eldest brother -
>- they made him install a rail on the 50 year old step/landing ;
> and install an outdoor GFI receptacle for the block heater -
> which happened to be plugged in - through a window -
>when they drove by for their inspection ..
> I'm not sure how well-trained the insurance "inspectors" are
> - they didn't mention the big branch - hanging over the house -
>from the neighbours ancient white birch tree ..
> ... we looked after that afterwards.
>.. nor the big 100 year old spruce tree hanging over the other
>neighbours house ... dunno ..
> John T.
>
Big difference in insurance between Canada and the USA too - but what
you say pretty much applies across the board.
Insurance companies are NOT in the business of taking risks - - - - -
And yes, I've spent 17 years working in an insurance office - not as
an insurance professional but as their IT support - and learned a lot
about insurance. My daughter is also an insurance professional
(commercial lines mostly - but also personal lines property insurance)
On Sat, 19 Oct 2019 11:15:32 -0400, Clare Snyder <[email protected]>
wrote:
>On Fri, 18 Oct 2019 16:42:41 -0400, [email protected] wrote:
>
>>On Fri, 18 Oct 2019 12:41:47 -0700 (PDT), "[email protected]"
>><[email protected]> wrote:
>>
>>> I am in the process of getting annual quotes on house insurance.
>>>Some policies cover the replacement cost of the roof at 100%
>>>regardless of the age or condition of the roof.
>>> If the house burns down and is rebuilt, the insurance company pays for a brand new roof.
>>> Other policies only pay a depreciated value on the roof.
>>> My roof is 20 years old so basically they are saying they would pay almost nothing
>>> for a replacement roof if my whole house burned down and was rebuilt.
>>> They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>>>
>>>My question is: How much does it cost to put on a new roof on a house?
>>>My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>>> Somewhat basic, simple roof.
>>> In your answers please say whether the price is for a re-roof of an existing house
>>>where they just put on new shingles and tar paper. Or whether its the portion
>>> associated to the roof of a new house build.
>>> Assume this is shingles, paper, sheathing, and maybe trusses/rafters too.
>>> What part of the country the quote is from might be very relevant too.
>>> I'm in the Midwest.
>>>
>>
>>I suspect that you have mis-understood the coverage - no offence ..
>>I suspect that they pro-rate the roof repair/replacement -
>>only when it is the subject of the claim - ie wind damage ; tree
>>branch ; but if the claim is for the whole house -
>> - the shingles would be treated like everything else -
>> otherwise they would be pro-rating your siding, plumbing,
>>flooring, fixtures, etc etc
>> I'm not an insurance person - just trying to use common sense -
>> I suggest you double check this detail with a good broker.
>>
>>ps: they DO drive by and take-a-look - and probably take
>>photos - before signing on new or suspect policies -
>>.. when our old dumpy family home passed to my eldest brother -
>>- they made him install a rail on the 50 year old step/landing ;
>> and install an outdoor GFI receptacle for the block heater -
>> which happened to be plugged in - through a window -
>>when they drove by for their inspection ..
>> I'm not sure how well-trained the insurance "inspectors" are
>> - they didn't mention the big branch - hanging over the house -
>>from the neighbours ancient white birch tree ..
>> ... we looked after that afterwards.
>>.. nor the big 100 year old spruce tree hanging over the other
>>neighbours house ... dunno ..
>> John T.
>>
>Big difference in insurance between Canada and the USA too - but what
>you say pretty much applies across the board.
>
>Insurance companies are NOT in the business of taking risks - - - - -
>And yes, I've spent 17 years working in an insurance office - not as
>an insurance professional but as their IT support - and learned a lot
>about insurance. My daughter is also an insurance professional
>(commercial lines mostly - but also personal lines property insurance)
Insurance is _all_ about taking risks. If there was no risk there
would be no need for insurance.
What insurance is not about is charging less to assume a risk than the
actuarial cost of that risk.
On 10/18/2019 10:23 PM, Ed Pawlowski wrote:
> On 10/18/2019 3:41 PM, [email protected] wrote:
>=20
>>
>> My question is:=C2=A0 How much does it cost to put on a new roof on a =
>> house?=C2=A0 My house is about 1250 square feet, hip roof, ranch one s=
tory,=20
>> asphalt shingles.=C2=A0 Somewhat basic, simple roof.=C2=A0 In your ans=
wers=20
>> please say whether the price is for a re-roof of an existing house=20
>> where they just put on new shingles and tar paper.=C2=A0 Or whether it=
s the=20
>> portion associated to the roof of a new house build.=C2=A0 Assume this=
is=20
>> shingles, paper, sheathing, and maybe trusses/rafters too.=C2=A0 What =
part=20
>> of the country the quote is from might be very relevant too.=C2=A0 I'm=
in=20
>> the Midwest.
>>
>=20
> I'd say between 5k and 10k.=C2=A0 Cheap shingles or high grade 40 year?=
=20
> Venting?=C2=A0 gutters?=C2=A0 In the case of a fire they probably would=
do tear=20
> off.=C2=A0 Wind damage they my depreciate but I realy don't know for su=
re.
>=20
> I think what you really need is a better insurance agent.=C2=A0 In 54 y=
ears=20
> of home ownership I never had to go through all of that.
The best starting point in any project is to make an estimate yourself.
Start with the outside demention of you house divide the gabled end by=20
two and calculate the area of the roof using trigonometry. Add a couple =
of feet to the dimensions for overhangs, and calculate the area of the ro=
of.
Once you have the total area of he roof, go to a web site like Lowes,=20
and find the cost of the shingles and the "Tar paper" equivalent of what =
they are using to day.
Using these numbers calculate the cost of materials to do the roof.=20
Double it to put in a cost of labor, and use this as a starting estimate.=
On Fri, 18 Oct 2019 17:52:37 -0400, ads wrote:
>On Fri, 18 Oct 2019 15:58:21 -0500, gray_wolf <g_wolf@howling_mad.com>
>wrote:
>
>>On 10/18/2019 2:51 PM, Unquestionably Confused wrote:
>>> On 10/18/2019 2:41 PM, [email protected] wrote:
>>>> Not a woodworking question per se. But a question on the cost of installing a
>>>> roof on a house. So at least its carpentry focused. I am in the process of
>>>> getting annual quotes on house insurance. Some policies cover the replacement
>>>> cost of the roof at 100% regardless of the age or condition of the roof. If
>>>> the house burns down and is rebuilt, the insurance company pays for a brand
>>>> new roof. Other policies only pay a depreciated value on the roof. My roof
>>>> is 20 years old so basically they are saying they would pay almost nothing for
>>>> a replacement roof if my whole house burned down and was rebuilt. They pay
>>>> 100% on rebuilding the house brand new except don't give you any money to
>>>> install a roof.
>>>>
>>>> My question is: How much does it cost to put on a new roof on a house? My
>>>> house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>>>> Somewhat basic, simple roof. In your answers please say whether the price is
>>>> for a re-roof of an existing house where they just put on new shingles and tar
>>>> paper. Or whether its the portion associated to the roof of a new house
>>>> build. Assume this is shingles, paper, sheathing, and maybe trusses/rafters
>>>> too. What part of the country the quote is from might be very relevant too.
>>>> I'm in the Midwest.
>>>>
>>>
>>> About the only variable - other than whether it's high tide in the Port of
>>> Boston - you didn't put in here is whether or not it's a tear off.
>>>
>>> You simply have too many variables to get a meaningful estimate.
>>>
>>> Suggestion? You have a twenty year old roof. Call a couple of roofing
>>> companies and get a free estimate.
>>
>>I live in south Texas and have had new roof and big tree removable done. Get
>>bids from some of the smaller contractors. I got a good job done for half of
>>what the big companies charge.
>
>Home Depot's contractor quoted $10,000. A local roofing-only firm
>that's been in business for decades quoted $4,500.
>It definitely pays to shop around. Might have found someone even
>cheaper but preferred to do business with someone who was likely to be
>there for warranty work.
You better be comparing applesa to apples - I doubt you are. It's
not a case of "a roof is a roof" Crappy shingles cost less than 1/3
what good ones do. Labour cost is the same assuming the sam quality of
workmanship.
I just had my roof replaced. Strip off old roof to plywood. No wood
replacement required. new drip edge and ice/water guard, new flashing
and roof vents, new oermeable roof underlay and 50 year non pro-rated
warranty - 15 squares of Certainteed Northgate shingles - class 4
impact resistant and 15 year 110mph wind damage guarantee -
transferable to new owner - $8000 Canadian.
Warrantee covers removal, disposal and replacement - no deductable.
I could have had a bargain GAF or IKO roof for about half the price -
the warranty not worth the paper it was printed on - like the one I
just had torn off.
Also - you are mis-reading the insurance policy. If you have
replacement value replacement on the house and the roof is damaged by
fire or any other insured peril, the roof IS INCLUDED - unless,
possibly, you are in a fire danger area like southern california and
you roof is not fire resistant and the fire starts from embers on the
roof. In that case they MAY not cover the roof - just like they don't
cover the replacement of a leaky water pipe but cover the damage
caused by the water leak.
On Sat, 19 Oct 2019 11:41:07 -0400, J. Clarke
<[email protected]> wrote:
>On Sat, 19 Oct 2019 11:15:32 -0400, Clare Snyder <[email protected]>
>wrote:
>
>>On Fri, 18 Oct 2019 16:42:41 -0400, [email protected] wrote:
>>
>>>On Fri, 18 Oct 2019 12:41:47 -0700 (PDT), "[email protected]"
>>><[email protected]> wrote:
>>>
>>>> I am in the process of getting annual quotes on house insurance.
>>>>Some policies cover the replacement cost of the roof at 100%
>>>>regardless of the age or condition of the roof.
>>>> If the house burns down and is rebuilt, the insurance company pays for a brand new roof.
>>>> Other policies only pay a depreciated value on the roof.
>>>> My roof is 20 years old so basically they are saying they would pay almost nothing
>>>> for a replacement roof if my whole house burned down and was rebuilt.
>>>> They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>>>>
>>>>My question is: How much does it cost to put on a new roof on a house?
>>>>My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>>>> Somewhat basic, simple roof.
>>>> In your answers please say whether the price is for a re-roof of an existing house
>>>>where they just put on new shingles and tar paper. Or whether its the portion
>>>> associated to the roof of a new house build.
>>>> Assume this is shingles, paper, sheathing, and maybe trusses/rafters too.
>>>> What part of the country the quote is from might be very relevant too.
>>>> I'm in the Midwest.
>>>>
>>>
>>>I suspect that you have mis-understood the coverage - no offence ..
>>>I suspect that they pro-rate the roof repair/replacement -
>>>only when it is the subject of the claim - ie wind damage ; tree
>>>branch ; but if the claim is for the whole house -
>>> - the shingles would be treated like everything else -
>>> otherwise they would be pro-rating your siding, plumbing,
>>>flooring, fixtures, etc etc
>>> I'm not an insurance person - just trying to use common sense -
>>> I suggest you double check this detail with a good broker.
>>>
>>>ps: they DO drive by and take-a-look - and probably take
>>>photos - before signing on new or suspect policies -
>>>.. when our old dumpy family home passed to my eldest brother -
>>>- they made him install a rail on the 50 year old step/landing ;
>>> and install an outdoor GFI receptacle for the block heater -
>>> which happened to be plugged in - through a window -
>>>when they drove by for their inspection ..
>>> I'm not sure how well-trained the insurance "inspectors" are
>>> - they didn't mention the big branch - hanging over the house -
>>>from the neighbours ancient white birch tree ..
>>> ... we looked after that afterwards.
>>>.. nor the big 100 year old spruce tree hanging over the other
>>>neighbours house ... dunno ..
>>> John T.
>>>
>>Big difference in insurance between Canada and the USA too - but what
>>you say pretty much applies across the board.
>>
>>Insurance companies are NOT in the business of taking risks - - - - -
>>And yes, I've spent 17 years working in an insurance office - not as
>>an insurance professional but as their IT support - and learned a lot
>>about insurance. My daughter is also an insurance professional
>>(commercial lines mostly - but also personal lines property insurance)
>
>Insurance is _all_ about taking risks. If there was no risk there
>would be no need for insurance.
>
>What insurance is not about is charging less to assume a risk than the
>actuarial cost of that risk.
The actuarial tables and risk assessment are designed to eliminate
risk to the insurer. They are in business to make money by reducing
YOUR risk - not by taking a risk themselves.
On Sat, 19 Oct 2019 19:34:55 -0400, J. Clarke
<[email protected]> wrote:
>On Sat, 19 Oct 2019 16:41:17 -0400, Clare Snyder <[email protected]>
>wrote:
>
>>On Sat, 19 Oct 2019 11:41:07 -0400, J. Clarke
>><[email protected]> wrote:
>>
>>>On Sat, 19 Oct 2019 11:15:32 -0400, Clare Snyder <[email protected]>
>>>wrote:
>>>
>>>>On Fri, 18 Oct 2019 16:42:41 -0400, [email protected] wrote:
>>>>
>>>>>On Fri, 18 Oct 2019 12:41:47 -0700 (PDT), "[email protected]"
>>>>><[email protected]> wrote:
>>>>>
>>>>>> I am in the process of getting annual quotes on house insurance.
>>>>>>Some policies cover the replacement cost of the roof at 100%
>>>>>>regardless of the age or condition of the roof.
>>>>>> If the house burns down and is rebuilt, the insurance company pays for a brand new roof.
>>>>>> Other policies only pay a depreciated value on the roof.
>>>>>> My roof is 20 years old so basically they are saying they would pay almost nothing
>>>>>> for a replacement roof if my whole house burned down and was rebuilt.
>>>>>> They pay 100% on rebuilding the house brand new except don't give you any money to install a roof.
>>>>>>
>>>>>>My question is: How much does it cost to put on a new roof on a house?
>>>>>>My house is about 1250 square feet, hip roof, ranch one story, asphalt shingles.
>>>>>> Somewhat basic, simple roof.
>>>>>> In your answers please say whether the price is for a re-roof of an existing house
>>>>>>where they just put on new shingles and tar paper. Or whether its the portion
>>>>>> associated to the roof of a new house build.
>>>>>> Assume this is shingles, paper, sheathing, and maybe trusses/rafters too.
>>>>>> What part of the country the quote is from might be very relevant too.
>>>>>> I'm in the Midwest.
>>>>>>
>>>>>
>>>>>I suspect that you have mis-understood the coverage - no offence ..
>>>>>I suspect that they pro-rate the roof repair/replacement -
>>>>>only when it is the subject of the claim - ie wind damage ; tree
>>>>>branch ; but if the claim is for the whole house -
>>>>> - the shingles would be treated like everything else -
>>>>> otherwise they would be pro-rating your siding, plumbing,
>>>>>flooring, fixtures, etc etc
>>>>> I'm not an insurance person - just trying to use common sense -
>>>>> I suggest you double check this detail with a good broker.
>>>>>
>>>>>ps: they DO drive by and take-a-look - and probably take
>>>>>photos - before signing on new or suspect policies -
>>>>>.. when our old dumpy family home passed to my eldest brother -
>>>>>- they made him install a rail on the 50 year old step/landing ;
>>>>> and install an outdoor GFI receptacle for the block heater -
>>>>> which happened to be plugged in - through a window -
>>>>>when they drove by for their inspection ..
>>>>> I'm not sure how well-trained the insurance "inspectors" are
>>>>> - they didn't mention the big branch - hanging over the house -
>>>>>from the neighbours ancient white birch tree ..
>>>>> ... we looked after that afterwards.
>>>>>.. nor the big 100 year old spruce tree hanging over the other
>>>>>neighbours house ... dunno ..
>>>>> John T.
>>>>>
>>>>Big difference in insurance between Canada and the USA too - but what
>>>>you say pretty much applies across the board.
>>>>
>>>>Insurance companies are NOT in the business of taking risks - - - - -
>>>>And yes, I've spent 17 years working in an insurance office - not as
>>>>an insurance professional but as their IT support - and learned a lot
>>>>about insurance. My daughter is also an insurance professional
>>>>(commercial lines mostly - but also personal lines property insurance)
>>>
>>>Insurance is _all_ about taking risks. If there was no risk there
>>>would be no need for insurance.
>>>
>>>What insurance is not about is charging less to assume a risk than the
>>>actuarial cost of that risk.
>> The actuarial tables and risk assessment are designed to eliminate
>>risk to the insurer. They are in business to make money by reducing
>>YOUR risk - not by taking a risk themselves.
>
>You are using two different definitions of "risk" in that sentence.
>Please pick one and stick with it.
No I am not The insured pays money to an insurance company to reduce
it's risk. The insurance company charges enough to cover that risk and
make a profit. It reduces it's exposure to risk in many ways -
including not insuring properties with a "timed out" roof, or
uninspected or out-dated wiring, or houses with old iron plumbing -
among a lot of other conditions.
In order to insure a building with a new insurer the owner may be
forced to replace the roof, rewire and replumb the building, and even
replace windows and doors. The building is "uninsurable" because it
presents too much of an obvious risk to the proposed insurer.
Same with auto insurance. If you have a bad driving record you become
basically uninsurable. The cost of insurance becomes prohibitively
high - and you are put into the "facility pool" - not insured by the
insurance company itself.
And if your house is on a floodplain you cannot get flood damage
insurance. The insurance company will not "assume the risk".
The insurance companies charge enough to ensure they make a profit
after paying out all anticipated claims - AND they INSURE THEMSELVES
against the risk of a catastrophy by "re-insuring" with other
insurance companies. Lloyds of London is one of the major re-insurers,
along with Birkshire Hathoway, Munich Reinsurance, Swiss Re, Hanover
Ruck, Great West Lifeco, XL Bermuda, Axis Capital Holdings and at
least a dozen more large international financial institutions.
Reinsurance can be divided into two basic categories: treaty and
facultative. Treaties are agreements that cover broad groups of
policies such as all of a primary insurers auto business. Facultative
covers specific individual, generally high-value or hazardous risks,
such as a hospital, that would not be accepted under a treaty.
The Faculative coverage may be split between re-insurers, either Pro
Rata or by risk- one company taking on liability for instance, while
another covers structure and another facilities/plant, and possibly
another coverinf all specialized medical equipment.
Insurance companies are NOT in the business of "taking risks" - they
are in the business of making money