Introduction When dealing with roof repairs or solar installations, you might come across contractors who offer to “waive your deductible.” While this may seem like a great deal, it’s important to understand why this practice can be risky and potentially illegal.
What Does “Waiving Your Deductible” Mean? Waiving a deductible means that the contractor covers the cost of your insurance deductible, often by inflating the overall project cost to make up for it. This may sound appealing, but it often leads to problems.
The Legal Implications In many states, waiving a deductible is illegal. Insurance fraud is a serious crime, and agreeing to this practice can involve you in fraudulent activity. This could lead to legal issues and fines, or even a canceled insurance policy.
Quality Concerns Contractors who offer to waive your deductible may cut corners to offset their costs. This can result in subpar workmanship, leading to more problems down the road. A low-quality repair or installation can end up costing you more in the long run.
Impact on Your Insurance Claim If your insurance company discovers that a deductible was waived, they may deny the claim or refuse to cover future claims. This can leave you paying out of pocket for repairs that should have been covered.
Conclusion While it may be tempting to let a contractor waive your deductible, it’s important to follow the rules and ensure your insurance process is handled correctly. Always work with reputable contractors who follow ethical practices to protect yourself and your home.