Voice of the people: Pro-rata insurance coverage just makes sense

The Ledger
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A home missing a roof due to Hurricane Zeta damage is viewed Thursday, Oct. 29, 2020, in Grand Isle, La., as part of Gov. John Bel Edwards flyover of stricken areas in the southeastern part of the state.
A home missing a roof due to Hurricane Zeta damage is viewed Thursday, Oct. 29, 2020, in Grand Isle, La., as part of Gov. John Bel Edwards flyover of stricken areas in the southeastern part of the state.

Pro-rata insurance coverage just makes sense

I am at a loss when it comes to roof coverage insurance here in Florida. Places like Florida, Alabama, Mississippi and Louisiana are in much more danger of losing their roofs than people in Maine. Ergo, they need different Liability laws. Funny thing is, these laws have existed for decades now. They’re called pro-rata replacement laws. If an insured desires "full" coverage, there is a premium for that. And there is also a premium for "zero" coverage regardless of how silly that may be. In between, there is a sliding scale of coverage accompanied by a sliding scale of premiums. To sum up, if I own a house that is 10 years old and the average life of a roof is 20 years, then why should a claim be paid for a new roof if I’ve already used half of its life? The claim should be for “half of the cost of a new roof.” Welcome to the new millennium!

Alex Kendziorski, Lakeland

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This article originally appeared on The Ledger: Voice of the people: Pro-rata insurance coverage just makes sense