About home insurance for rental property
Hi,
When I bought a home I purchased home insurance from Stillwater insurance company. After purchasing done they did inspection without letting us as we were not there they did not able to check backside of house because fence is locked. And there were few shingles was missing.as per this condition they cancelled my insurance policy. But unknowingly we did repair of roof like replace missing shingles.and have insurance for this roof shingles separately. And now because of they cancelled my insurance policy all insurance companies are saying they will not provide insurance for my home.
please advise me how to handle this situation.
Thanks
Neetu
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#4 Guru, Book, & Course Reviews Contributor
- Attorney
- Philadelphia
It's important to utilize an insurance broker who points you in the direction of quality carriers not just the least expensive. Good carriers will provide a letter recommending repairs that are necessary within a specific timeframe to avoid cancellation of the policy. I am not familiar with the carrier you utilized but either you missed the recommendation letter or you didn't receive good counseling on which carrier to utilize.
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Thank you for your reply
Quote from @Stuart Udis:
It's important to utilize an insurance broker who points you in the direction of quality carriers not just the least expensive. Good carriers will provide a letter recommending repairs that are necessary within a specific timeframe to avoid cancellation of the policy. I am not familiar with the carrier you utilized but either you missed the recommendation letter or you didn't receive good counseling on which carrier to utilize.
