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Showing posts from April, 2015

Choose a New Roof for Your Property

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Style is an important factor when building your new home or renovating your existing property but it’s not the only factor. Cost, weight, and installation requirements commonly influence your selection. Here’s what you need to know: Square vs. Square Foot Let’s talk terminology. Roofing contractors don’t usually use the measure “square feet.” The term you usually hear is “squares”. A square is their basic unit of measurement—one square is 100 square feet in area, the equivalent of a 10-foot by 10-foot square. The roof of a typical two-story, 2,000-square-foot house with a gable roof will consist of less than 1,500 square feet of roofing area, or about fifteen squares. Cost Several thoughts will affect the cost of your roof. The price of the material is usually the starting point, but other factors also must be considered. One is the condition of the existing roof if you are remodeling a house—if old materials must be stripped off, and if the supporting structure needs repair, that will...

Mississippi Attorney General Jim Hood sues State Farm since they enriched itself through Katrina homeowner program

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From  ROGELIO V. SOLIS — AP SunHerald.com  Attorney General Jim Hood is suing State Farm Fire & Casualty Co. over millions of dollars he claims the state lost because the insurance company "maliciously" denied Hurricane Katrina claims for wind losses while the federally funded Homeowners Assistance Program picked up the tab. The lawsuit says: "State Farm benefitted substantially and illicitly from HAP, because HAP grants ameliorated the financial pain to State Farm policyholders caused by State Farm's wrongful denial or underpayment of claims for wind damage under its homeowner policies. "State Farm in effect converted a program designed to help Mississippians who were devastated financially by Katrina into a subsidy for itself." State Farm had no immediate response to allegations outlined in the 50-page lawsuit, but in past cases brought by policyholders has denied any wrongdoing. The lawsuit, filed in Hinds County Circuit Court, accuses State Farm of ...

Roofing Deductible Assistance Programs: Diagram of a Scheme Issues, Challenges, and Recommendations

Please be advised that this is an excerpt from  Dallas BBB's report on Deductible Fraud from  August 2012   Purpose On June 13, 2012, North Texas residents were pelted by a hailstorm which is estimated to eventually cost insurers a record $2 billion in insured losses. The previous hail damage record within the State of Texas was $1.1 billion caused by the 1995 Fort Worth Mayfest Storm. For months after the 2012 storm, residents in the hardest hit areas found themselves pelted once more by more roofing contractor advertising than they had ever seen. Each ad had its own unique leading pitch.   Some promoted their “66 years of experience.” Others promoted their “lifetime warranty.”   A riskier few skirted the line of insurance fraud by touting “Free Roofs-Call For Details” and “Ask Us How Your Deductible is Covered.” The practice is called “deductible assistance” by some and “deductible f...