I don't know why he thinks he hasn't gotten a clear answer.
I didn't see a single reply that said he couldn't just use the
money anyway he wants. Essentially, the insurance
company is compensating you for the loss of value you've
incurred. Whether you seek to apply it to the specific
damage is up to you. The only issue would be if you
had damage that is significant enough that it puts the
rest of the structure in jeopardy. For example, if a tree
fell through your roof and you chose to use the money
to go to Vegas, then they would have a right to deny
any claims for subsequent damage that was a result
of not fixing it.
I've had USAA insurance since 1976 and unfortunately, have had many auto
and homeowner's claims with them. My experience has been excellent. I
have found them to be very customer oriented and to provide excellent
You did not say explicitly why you feel that your roof is "shot". Is it
because of the storm, is it near the end of its normal lifespan, or
both. If you feel that the storm significantly damaged your otherwise
in-good-condition roof, call USAA back, explain your concerns, and ask
them for a second adjuster to come and take a look. Your investment
will only be a toll-free call and a few minutes of your time. Chances
are that they will agree to your request. However, if the roof is near
the end of its normal lifespan, it will probably be considered the same
as a 1990 Chevy with $7,000 of collision damages - i.e., you would get a
few hundred $ at most, even if you were paying for comprehensive
collision coverage with no deductible.
As for using the proceeds of an insurance claim for a purpose other than
intended by the insurance company, I'm not a lawyer and won't offer a
legal opinion. I would be concerned however that it might violate the
terms of your insurance policy and be grounds for USAA to cancel your
policy and/or your eligibility for any other insurance products that
The roof is shot because it's at the end of it's lifespan. The shingles
are just worn out. None of my neighbors have the same insurance company
that I do, but they all had their roofs replaced due to the hail storm
after filing such a claim. My insurance company is the only one I know of
to deny a claim from the same storm. None of the houses in my
neighborhood are any older than mine, yet mine is the only one to be
denied. Makes me wonder.
I did get some advice elsewhere (not here) that said it is fraud to use
the money for anything other than the intended repairs (siding). Most, if
not all, the replies here have said that I can use it however I want.
My hesitation comes from using the money intended for siding replacement
on the roof, and then later having a siding problem for some reason.
I guess, ultimately, the decision is mine to weigh and figure out how to
proceed. I just don't want to run afoul of the insurance company in any
If the check is large and you have a mortage:( the money goes to the
mortage company to assure the property doesnt go down in value.
This involves perodic inspections during repairs, photos of work to
prove its been done to code etc etc etc.
a real PIA.
for 500 bucks they may just cut you a check:) but if its a lot of
money theres a long list of requirements so you cant just get the
check and go to vegas:(
On May 3, 11:12 am, mark3431_at_gmail_dot email@example.com (ms960) wrote:
Seems to me you had the answer to your question all along. From the
initial post, it sounded like the insurance company had paid off the
claim and you had the money. If you don't repair the siding, then
you aren't going to get the additional $2.5K.
If you can find someone to do both the siding and roof,
they might have some lattitude in how much cost they assign to
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