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robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

My Uncle is owning a 12 yrs old house which is not free from any mortgage .

He is continuing house insurance cover for last 12 yrs but now Iinsurance provider is asking him that a new roof is needed. it may be a deciding factor for future insurance cover. But there is no visible sign of slippage or crack.

Are they correct? in the absence of visible sign, is it worth to invest?

gmakerley · Posted: Sat May 23, 2009 8:54 am Post subject:

it seems a bit early robert, but it would also seem that the insurer must have some rationale for its recommendation.

robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

should we consult our mortgage company?

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

In my opinion the mortgage company should also bear some proportion towards the roof replacement, because they also own the house in some proportion.

sunil87020 · Joined: 04 May 2009 Posts: 339 26.96 Dollars($)

Hi ROBERT,
I think you should conatct your insurance company...

Guest

charming post. upright one decimal where I quarrel with it. I am emailing you in detail.

gmakerley · Posted: Tue Aug 25, 2009 9:30 am Post subject:

i wish i had seen manoj's response back then...there's no way a lender is going to get involved in repairing a roof that is the borrower's concern. that's out of the question.

as for "consolidation" and that response...HUH?

captcharwp007 · Joined: 29 Aug 2009 Posts: 31 0.11 Dollars($)

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new roof is advised by insurance company