Texas Roof Deductible Law

A new law if approved by gov.

Texas roof deductible law.

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. 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. Payment of deductible required.

The first full paragraph states. Roofers who waive deductibles are cutting corners. Abbott is designed to end the illegal. This new law will help further protect consumers.

A policy with replacement cost will pay 17 000 20 000 3 000. Hb2102 prohibition against waiving of deductibles available here the waiving of deductibles has been improper in texas since 1989. 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.

Under texas house bill 2102 approved in the most recent legislative session roofing contractors who offer to waive a homeowner s deductible on their property insurance policy could face jail time. Roofers who waive deductibles are cutting corners. Take your business elsewhere. This is usually done with a depreciation schedule.

To get the job texas roofers often offer homeowners a free roof by agreeing to pay the homeowner s insurance deductible. 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 new law will help further protect consumers said texas insurance commissioner kent sullivan.

Specifically the payment of the deductible of which the homeowner is responsible for paying. It is not a completely new law but rather a clarification and more carefully worded version of the deductibles law that has been around for years. 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. A new state law makes it clear that it s illegal for a contractor or roofer to waive an insurance deductible.

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.