How my Co-Worker got $9000 for a New Roof in 3 Days

By Tuesday, March 3, 2020 6 0

Today I’ll show you how my co-worker got a $9k new roof for free. Owning a home is definitely part of the American dream. It takes quite a bit of money and effort to keep your home functional and safe. There are many huge expenses lurking around in your house. The water heater is a huge expense but the HVAC system is even bigger. This story is entertaining and might help you directly or just give you some ideas.

Insurance

What’s crazy is people usually have some type of loyalty complex about their insurance company. Their insurance company paid one claim for them and now they are fan for life. Most of the time insurance companies take in money and don’t do much else. The best insurance company for you is the one that has the best coverage and lowest premiums.

Meet Shane …

Shane is a 31 year old software developer who has worked with me for a number of years. Over those years we have had many discussions about every nuance of life including money. Like many home owners he was confronted with the inevitability of needing a new roof for his house. The proposed total cost was about $9k which he didn’t just happen to have on hand. His roof was 15 years old and showed that age very transparently. The roof was streaked and shingles were smooth. He was one bad winter away from having an ugly old roof to a roof that leaked and caused serious damage.

Free Money!

I ended up telling Shane about a similar story that I had where the end result was a free roof for me. Sounds amazing, where is the catch? The story I shared with him is that I had an aging roof and my neighbor was just having a new roof installed. I didn’t think much of this because my neighbor was older and I thought he just had limitless dollars to throw at a new roof until I got a knock on the door.

The knock on the door was the construction manager who told me my neighbor was getting a free roof from an insurance claim he made based on the date of a recent storm. He went on to tell me that my roof looked old and maybe I could get a similar deal. Long story short, I got a new roof. However, State Farm kicked me off my insurance policy. In the short term this was a problem because like many people I had bundled insurance for my cars and other things. State Farm kicking me off the policy left me with lots of question marks.

A Learning Opportunity

Getting kicked off the policy was upsetting to me. It left me with only one option. I had to find a new insurance carrier. This was a very stressful prospect to me because I feared I couldn’t get new insurance due to having been kicked off the previous policy. What if they would only insure me for a much higher rate? I found out none of those things were true. I ended up getting even cheaper insurance through Farmers insurance with a discount for having a new roof!

A Recipe for Shane

My story became a cookbook answer for Shane’s problem. While nothing is guaranteed I gave him these steps for a new roof and less stress.

  • Contact a construction company to see if he could possibly make a viable claim for a new roof
  • File a claim under his home owners insurance and see if they would be willing to pay for the roof
  • Have a backup plan to find new insurance if they kicked him the policy

Seriously, He got A New Roof Too

If you own a home you’ll probably end up buying a roof

Shane only researched roofs for 3 days and got a roof that cost over $9k. While I had demonstrated my recipe had worked for me there certainly is no guarantee that it will work for everyone. I had a feeling it would work for Shane because we lived in the same geographic region and I knew this type of thing was going on. The key point though is the shift in attitude. His attitude went from paralyzed with fear to curious about possibilities. He followed the recipe and got a new roof. This is an example of the often lamented quote that “when you change the way you look at things, things change.

A Detailed Recipe

I’m really sharing this story because it’s demonstration of finding a solution where most people will sit in defeat. If this story might apply to you, try these steps.

  • To find a construction company look in some adjacent neighborhoods for new roofs. If a neighborhood has several new roofs and there are lawn signs from one company. It’s a good indication the roofs are being financed through insurance claims. You will always see the lawn signs because typically the construction company is giving a discount for the advertising rights.
  • Once you file the insurance claim let the claims adjuster do his thing and don’t interfere. He might approve the money or he might not. You certainly don’t won’t to contaminate the situation with going up on the roof yourself.
  • It’s super easy to shop for new insurance. Have some faith. You can probably find cheaper insurance. Don’t be emotionally attached to an insurance company. You can shop online and get quotes. You can see what is best for your unique situation. It’s true every insurance company advertises but the best ones don’t advertise that much because they don’t need to.

Everyone Loves a Great Story

This is a great story because everyone had a great outcome. The real lesson is how to benefit from your interaction with big business. Insurance companies are using you, with a little effort you can learn how to use them back. Are you in love with your insurance company? Shop around, then see how you feel. Do you have a similar story? Leave it it in the comments below. If this story inspires you hit my twitter share button below to share a great story.

6 Comments
  • Anonymous
    April 21, 2020

    wow, this really gives me so hope

  • David @ MoneyNing.com
    June 25, 2020

    Luckily I’ve never had to replace a roof, but getting a new one installed for free is a great deal! 🙂

    • Adam Wilson
      June 25, 2020

      Thanks for reading.

  • Carrie Cochran
    June 25, 2020

    This is great information. And you’re right, we too often assume that there’s just nothing we can do and expect that everything has to be expensive. Good reminder that a little research and effort goes a long way!

  • Susie Q
    July 4, 2020

    Nice post, Adam.

    I had the same thing happen, but it was a wood shake roof and I had to pay about 1/3 of the cost. We were already contacting contractors when we got hit by quarter-sized hail.

    I caution readers, though, that getting a “free” roof when there isn’t any real damage is fraud. Make sure to find an ethical contractor, as you don’t want to break the law in the process of saving money.

    Another caution, while the roof itself is free, but the more people who go this route, the more the cost will be reflected in insurance premiums. Instead of savings $9,000/15 years = $600 a year to pay for the new roof, you’ll be paying $600/(1-insurance company’s expense ratio) every year in additional premium.

    • Adam Wilson
      July 4, 2020

      Your comment is a definite add of value. Thank you!

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