Before signing an insurance benefits residential roof system repair contract with an insured, a residential roofing contractor shall furnish to the insured:
The following statement in at least 10-point boldface type that is attached to the contract:
"You may cancel this insurance benefits residential roof system repair contract at any time within three (3) business days after you have received written notice from your insurance company that all or any part of your claim, or all or part of the services and goods to be provided by this contract, is not a covered loss under your insurance policy. A notice of cancellation form is provided to you with this contract. To cancel this contract under these circumstances, sign and date, and then mail or deliver the attached Notice of Cancellation, or another similar written notice of cancellation, to the contractor within three (3) business days after you have received such written notice from your insurance company. If you cancel, any payments made under this residential roofing system repair contract, except for emergency services and repairs subsequently approved for payment by the insurance company and already performed by the contractor, will be returned to you within ten (10) business days following receipt by the contractor of your cancellation notice."; and
Duplicate copies of a completed form captioned "NOTICE OF CANCELLATION" that is attached to the contract, is easily detachable, and contains the following in at least 10-point boldface type:
"NOTICE OF CANCELLATION
(Name and address of contractor - to be entered by contractor)
(Date of contract - to be entered by contractor)
(Address of residential real estate to be repaired - to be entered by contractor)
I have been notified by my insurance company that all or any part of my claim, or the services and goods to be provided in the residential roofing system repair contract, is not a covered loss under the insurance policy.
I HEREBY CANCEL THIS TRANSACTION
Please return my prior payments within ten (10) days.
INSURED'S SIGNATURE DATE"
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