I am 80 years and low income and have wind and hail damage on my roof. The house was built in 1995 and has not been re-roofed. My insurance wants a $5,000 deductible, which I do not have. I live in Stockton, Missouri. Is there any help for me?
By Nancy
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I don't think they insurance company wants the $5,000. That is the amount of the deductable and that means they will pay for a certain amount and the deductable is what you will have to pay the contractor that does the repairs. Do you have an estimate for the repairs and let the insurance company know how much it is? Also talk to different contractors, you might be able to find one that is lower cost. A good quality roof shouldn't have to be replaced in less than 20 years, providing there isn't storm damage. The one house we owned was built in 1973 and in the mid 90s the roof was still good.
There is an organization that is nation wide that helps seniors and disabled low income people with home repairs. I don't know what it is called where you live, because in different states and even in different cities. It is strictly income based, and just because you consider yourself low income, doesn't mean that you actually are. There is also a waiting list. Also if they would repair your roof you have to remain in the house for a certain number of years and if for some reason you would have to leave the house, you would have to pay back the money on a pro-rated basis. You could also speak to your pastor if you have one. Sometimes they will take up a special offering for a low income member of the congregation and there might even be some people in the church that could do the work and maybe even donate some of the necessary materials needed for the repairs.
State Office
601 Business Loop 70 West
Parkade Center, Suite 235
Columbia, MO 65203
Phone: (573) 876-0976
FAX: (855) 830-0685
What does this program do?
Provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
How may funds be used?
Loans may be used to repair, improve or modernize homes or remove health and safety hazards
Grants must be used to remove health and safety hazards
What are the terms of the loan or grant?
Loans can be repaid over 20 years
Loan interest rate is fixed at 1%
Full title service is required for loans of $7,500 or more
Grants have a lifetime limit of $7,500
Grants must be repaid if the property is sold in less than 3 years
If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination
Even if they can't help you, they might be able to connect you with someone who can.
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