Florida Insurance Survival Guide: Episode 2 Changes in Insurance Policies and Public Adjusters

It or say it’s good, I can’t. I used to be able to come out and do just the roof section of the four point and they called it a roof certification. And they would say, Okay, well, what’s the condition of the roof, Mr. Inspector, and how long do you think it will last? And they really gave me credit for if I said I think there’s 10 years on it, they’d be okay 10 years. Well now if I say there’s five years, they’re only going to offer you one more year coverage, and if I say there’s three, they’re not even going to talk to you. They’re just going to tell you to buy a new roof. So now your 30 year product is insurable for 25 really, it’s more like 2122 before they’re going to call and say, You know what, twice as much for a policy, or we’re just not going to offer you one. You got to put a new roof on it, and there’s nothing you can do about it, right? You can’t have a roofer come and certify it. They won’t accept it. They’re just going to look at that chart and say, This is what we got to deal with, and this is how it’s going to go, right? So there’s more things than just the roof that the insurance industry is doing this on. You know, it goes to the electric panels. There’s a whole list. There’s probably a half dozen panels out there that are, yeah, they weren’t good to begin with, right? And they’re not insurable. They’re fire hazards. They doesn’t work. Basically, they don’t do anything. Some of them fall apart when you take the cover off. They’re just all the pieces fall out of them like that. Can’t be right, you know. But you know, so the panel manufacturer now matters what kind of wire they’re really paying attention. They updated the form just this year, finally, and now they actually have a six different types of wire. They want to know exactly what kind of wire is it? Is it copper clad? Aluminum? Is it aluminum? Is it solid? Copper? Is it stranded? Is it single strand? I mean, they’re getting into the weeds on this stuff. Why? Because you’re not. I mean, if we’re looking to buy a house, yeah, right. See this? This goes to the importance of the insurance industry is controlling the market, and people don’t realize it, right? The real estate market is finally starting to see the effects of the insurance industry putting their thumb on this stuff because of what you just said, How do I know? I can’t tell you. There’s so many houses on the market right now. It’s, it’s crazy, but most of them don’t pass that four point. And the homeowners, they’ll know it, right? So they’re, they’re up here with their value, and I’m coming in and going, well, it’s my might be here because you need a panel, you need a roof, and you need a re pipe. That’s 100 150 grand. This matters. Now. We’re not talking about peanuts, yeah, so yeah. Pipe type is a big deal. Pipe age, big deal. Re piping a home. It used to be some rare thing that happened to people when they had, you know, reoccurring leaks. Now it’s just a chart. It’s an age, 20 years, sorry, new pipes. And they’re talking about the now they’re talking about the drain systems. They never asked about the drain lines before, but now they realize that the cast iron drains that they put in in the 80s are all corroded and junk, and they’re under the slabs, and they didn’t think about it, and they’re paying those claims, so they’re not doing it anymore. They put it on the new form, and they said, What kind of drain pipe is there? I mean, it’s getting in the weeds on specifics, and the rates are only getting worse, the coverages are getting less, and you’re getting the industry to tell you that it’s getting better for them. That’s what they’re saying, right? And they’re saying there’s new underwriters, there’s new opportunities out there. I hear it on the news that, you know, insurance rates are going down. There’s new new policies out there. It’s not really good news. It’s not it’s a manipulation of the market. It’s not in your favor. And like you said, it very much matters what you’re buying now, especially in this market where the hidden things matter so much, and almost nine out of 10 people don’t get it. They don’t understand. They don’t know what those words mean, and they just assume, like everything’s the way it used to be, and it’s a whole new market,