To File (a Claim) or Not to File

[Kihlon Golden]

Hello BP Community,

I'm about 6-7 months on the site but slowly starting to be more active on it.  I'm trying to decide whether to file a claim on the roof of my 40 unit apartment.  I'm only a few months into the property and still finishing up the initial rehab but it appears that some mid-western storms did damage that will run about $60K. No roof significant roof issues showed up during inspection.  It was really really hard to insure this building (went through several brokers) mainly because its old.  I can pay out of pocket and leaning that way because i don't want to get dropped or have it significantly increase.

I saw another similar post but the claim was about $1500 with a 500 deductible.  

Thanks very much for the thoughts.

Kihlon