[MandoMan]

Originally Posted by Randall55

You need to speak to an insurance agent not only about the age of the roof but the HVAC, as well. Knowledge is power. If you are paying cash for the home, negogiate a better price due to the age of roof and HVAC. You will then have money in reserve to pay for a new roof and HVAC.

If you are getting a loan, negotiating a better price for the home will not help. You will have lower monthly payments but will have to spend approx $20,000 to replace the roof. Negotiating with the seller to replace the roof and possibly HVAC before you purchase the home is a better option.

The age of the roof and HVAC system should have already been taken into account when the price was set. The first home I bought in The Villages, in Tierra del Sol, was 22 years old but had a one year old roof and HVAC and the bond was paid. That made me willing to pay more. I was there two years but had a high end hot water heater installed before I left.

[retiredguy123]

Originally Posted by MandoMan

The age of the roof and HVAC system should have already been taken into account when the price was set. The first home I bought in The Villages, in Tierra del Sol, was 22 years old but had a one year old roof and HVAC and the bond was paid. That made me willing to pay more. I was there two years but had a high end hot water heater installed before I left.

I agree. That is why I think that the new houses in The Villages are the best bargain. Everything is new and covered by a warranty. But, often, I see sellers of pre-owned houses trying to get more money than a comparable new house. Some of them also expect to get 100 percent of what they paid for upgrades. When buying a pre-owned house, the age of the house should be a huge consideration in what you are willing to pay for it.

[bowlingal]

Rainger99....and THAT'S the truth!!!!

Originally Posted by jlejsek@sbcglobal.net

Hello Everyone,

We are looking to purchace in TV in 2024. A home was listed that is 10 years old. When I asked the sales agent about difficulty obtaining insurnace on a home with a 10 year old roof, she said it won't be an issue until the home is 14 years old. What has been your experience with a 10+ year old roof as it relates to insurability? I am not thrilled about buying a home only to be put in a situation of spending thousands of dollars right out of the gate to replace the roof. Your input is greatly apprciated!

Just recently moved into a 2012 home with original roof. Fay at The Village Insurance got me a great deal through Tower Hill. Give her a call.

Originally Posted by retiredguy123

I agree. That is why I think that the new houses in The Villages are the best bargain. Everything is new and covered by a warranty. But, often, I see sellers of pre-owned houses trying to get more money than a comparable new house. Some of them also expect to get 100 percent of what they paid for upgrades. When buying a pre-owned house, the age of the house should be a huge consideration in what you are willing to pay for it.

Location location location on a "new" home thought.

"New" means driving a lot to get to retail shopping because it will be many years until the "new center" of T V has retail shopping chains as convenience - and likely never as far as golf cart accessible. They are still developing 466A and its been 12 years.

In the end it comes down to what is one looking for as their dream lifestyle and preferences. Personally I love the rolling hills and canopy treed in mvp golf cart rides in the north area of T V. I also wanted everything to be golf cart accessible as I age.

Spent 3 years making the drive to reach retail areas (other than Publix plazas) and decided to sell. Now I take golf cart rides to the southern end for adventure and that works for me. Chose to not let a roof influence what matters more to me, location.

The Village Ins office does not disappoint. I highly doubt T V would keep building if they didn't have an inside knowledge or connection to affordable insurance. To not have such connections would be a "wrench" in "a well oiled machine."

[seecapecod]

Originally Posted by jlejsek@sbcglobal.net

Hello Everyone,

We are looking to purchace in TV in 2024. A home was listed that is 10 years old. When I asked the sales agent about difficulty obtaining insurnace on a home with a 10 year old roof, she said it won't be an issue until the home is 14 years old. What has been your experience with a 10+ year old roof as it relates to insurability? I am not thrilled about buying a home only to be put in a situation of spending thousands of dollars right out of the gate to replace the roof. Your input is greatly apprciated!

You are better off calling insurance companies with the question and asking them versus a Sales agent.

[Bridget Staunton]

Insurance on a 20 yr roof will be extremely costly

[Cindyd]

My buyer received quotes from 3 insurance companies and she only called 2!
1 from tower insurance & 2 from villages insurance. I would put in contract that sale is dependent on getting insurance.

Fyi, i purchased a 3 year old home and the insurance company ive had for 40 years, wont insure it! They did help me find another. Their reasoning, too many customers, too much exposure, in area.

QUOTE=jlejsek@sbcglobal.net;2281069]Hello Everyone,

We are looking to purchace in TV in 2024. A home was listed that is 10 years old. When I asked the sales agent about difficulty obtaining insurnace on a home with a 10 year old roof, she said it won't be an issue until the home is 14 years old. What has been your experience with a 10+ year old roof as it relates to insurability? I am not thrilled about buying a home only to be put in a situation of spending thousands of dollars right out of the gate to replace the roof. Your input is greatly apprciated![/QUOTE]

[Keefelane66]

Insurance claim adjusters are just complicit in the roof scam. When the roof is inspected by a roofing contractor and deemed bad an insurance company authorizes an inspector to verify claim they usually do approve the claim.
No criticizing you.

[Pat2015]

Originally Posted by GizmoWhiskers

Location location location on a "new" home thought.

"New" means driving a lot to get to retail shopping because it will be many years until the "new center" of T V has retail shopping chains as convenience - and likely never as far as golf cart accessible. They are still developing 466A and its been 12 years.

In the end it comes down to what is one looking for as their dream lifestyle and preferences. Personally I love the rolling hills and canopy treed in mvp golf cart rides in the north area of T V. I also wanted everything to be golf cart accessible as I age.

Spent 3 years making the drive to reach retail areas (other than Publix plazas) and decided to sell. Now I take golf cart rides to the southern end for adventure and that works for me. Chose to not let a roof influence what matters more to me, location.

The Village Ins office does not disappoint. I highly doubt T V would keep building if they didn't have an inside knowledge or connection to affordable insurance. To not have such connections would be a "wrench" in "a well oiled machine."

Actually it’s a 10 min ride in the car from Newell to Publix, Winn Dixie, and many other stores at 470 and 27. Other benefits are the houses are brand new, and there’s beautiful walking trails and preserve views on the southern end. All of TV is great, and it really comes down to preference. Insurance is definitely an issue on houses more than 10 years so that has to be factored in as the roof, HVAC, and hot water heater will all be insurance issues within a few years and potentially have to be replaced to get coverage.

[Justputt]

Originally Posted by Pat2015

Actually it’s a 10 min ride in the car from Newell to Publix, Winn Dixie, and many other stores at 470 and 27. Other benefits are the houses are brand new, and there’s beautiful walking trails and preserve views on the southern end. All of TV is great, and it really comes down to preference. Insurance is definitely an issue on houses more than 10 years so that has to be factored in as the roof, HVAC, and hot water heater will all be insurance issues within a few years and potentially have to be replaced to get coverage.

In Dabney, I'm 5 mins (car) from Winn Dixie and Publix, although Publix seems pretty expensive to me. Walmart is a haul going up 27, and Best Buy is even further. Golf cart ride to Sawgrass is fine, but not much real grocery shopping there. Eastport would be too far by cart since I'd have to drive up to the new bridge and the back down, but pretty fast run by car (maybe 5mins). Golf carts make for a nice drive on sunny warm days, but I'd rather be in a car for 5-10mins than a cart for 30-60mins!

[Birdrm]

Originally Posted by Justputt

In Dabney, I'm 5 mins (car) from Winn Dixie and Publix, although Publix seems pretty expensive to me. Walmart is a haul going up 27, and Best Buy is even further. Golf cart ride to Sawgrass is fine, but not much real grocery shopping there. Eastport would be too far by cart since I'd have to drive up to the new bridge and the back down, but pretty fast run by car (maybe 5mins). Golf carts make for a nice drive on sunny warm days, but I'd rather be in a car for 5-10mins than a cart for 30-60mins!

You do know there is a bridge across from Sawgrass that will take you directly into Eastport?

[Whitley]

Originally Posted by jlejsek@sbcglobal.net

Hello Everyone,

We are looking to purchace in TV in 2024. A home was listed that is 10 years old. When I asked the sales agent about difficulty obtaining insurnace on a home with a 10 year old roof, she said it won't be an issue until the home is 14 years old. What has been your experience with a 10+ year old roof as it relates to insurability? I am not thrilled about buying a home only to be put in a situation of spending thousands of dollars right out of the gate to replace the roof. Your input is greatly apprciated!

A quick question; with insurance companies not wanting to write policies for roofs over 15 years old, I would think that this would lead to homeowners installing cheaper roofs with a 15 year warranty. Why pay more for a 20 year warranty covered roof, when you will need to replace it in 15 regardless (assuming you have a mortgage on it.)

[Whitley]

Originally Posted by Michael 61

I’m a retired insurance claims manager - I dealt with fraudulent claims on a daily basis - unfortunately there are many dishonest people who “scam” the insurance industry, and thus contribute to rate increases - no different than stores that have to pass on price increases due to shoplifting.

Shame on those that participated in the new roof scamming - we are all paying the price now for those dishonest actions.

Hi Michael. I own an historical home built in 1888 (NY). I had a claim and ended up needing to hire someone to deal with the carrier (Chub Masterpiece). They consistently undervalued what the claim was for. Every point of contention was won by us. I agree fraudulent claims plays a large part in high insurance rates. The insurance companies themselves are not free from guilt. USI loses over sixty percent of cases that are opened due to their denial of a claim. Those legal fees are calculated into our quotes. There is blame to go around.

[rockyhyder]

You should be able to get insurance without any problem.
Make sure you hire a home inspector who can provide a wind mitigation certificate. This will save you hundreds $
Verify the age of the HVAC unit and condition on your home inspection report.
Verify the age and condition of the hot water heater on the inspection report.
Provide this information to your insurance agency.