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GardenGood2Grow t1_jaebxjg wrote

Reply to comment by ReddittorMan in How would you take equity from a home to pay for a major repair? by ReddittorMan

Unless there is damage because of a weather event I have never heard of this. Sounds unrealistic.

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ReddittorMan OP t1_jaeciv1 wrote

It wasn’t damaged by any specific event. It just is really old, possibly the same roof from late 50’s

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GardenGood2Grow t1_jaeenkz wrote

As soon as you call insurance it opens a claim whether you use it or not. 3 claims in a year and you are sent to a high risk insurer for triple the cost. They are for disasters, not wear and tear.

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