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Month: February 2022

Check your insurance policy: It may cost you thousands to replace your storm-damaged roof

Check your insurance policy: It may cost you thousands to replace your storm-damaged roof

Insurers want the state Legislature to let them cover only the depreciated value of your older roof, rather than full replacement value. Fannie Mae and Freddie Mac, which back most home loans, say that’s not allowed. More and more insurers are offering it as an option, but you might have it and not know. That could be an expensive oversight.