Need homeowners insurance on slightly run-down property.?

  • by Mr
  • Jan 25,2017
  • 7 answers

I own a slightly run down house and recently received a letter that my homeowners insurance policy will not be renewed due to that company pulling out of my State. Likewise I need to get a new policy and believe that my mortgage company will probably demand it. The issue is that the property is slightly run-down (holes in ceiling, water damage is basement, leaky roof, rotten deck, detached gutter, and junk in the yard. I suppose most new companies would have a problem with that when they assess the house. So what company can I use that would not require an inspection or doesn’t care about the condition?


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Insurance Answers (7)

coraann 6 months ago

All companies inspect and will not insure a property in poor condition.

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mbrcatz 6 months ago

The description of the property is not "slightly run-down", as you lay it out. It's a wreck, in need of major repairs. All homeowners carriers inspect these days, and none are going to write a policy on a house needing roof repairs, rotted deck, and trash all over the yard. The best you'll likely be able to do, is go to your state FAIR plan, which you can access through a local agent (if they'll give you the time of day), and when they inspect, they'll give you 30 days to get the roof repair under contract, demolish the rotting deck, and clear the junk out of the yard.
If you don't live in that house yourself, it won't qualify for a homeowners policy - but you'll still be able to get limited coverage via the FAIR plan, if you have one in your state.

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Robt 6 months ago

SO what?
Google insurance companies locally and talk with them

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Judy 6 months ago

SLIGHTLY run-down? Yes, you'll find trouble getting a company to insure you.

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Elaine M 6 months ago

We never had anyone come out to look at our place, we just signed the policy.

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StephenWeinstein 6 months ago

Foremost Insurance. I haven't used them, but I've read (on Yahoo Answers) that they often will insure homes that most other companies won't.

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Casey Y 6 months ago

Contact local insurance agents. Your state likely has a program for properties that cannot be insured anywhere else.
Leaky Roof alone would get you denied by most carriers and all of that existing damage just adds to that decision.
I do write with Foremost and they wont take this.
Do you live there or is it vacant? Actually might be easier, but more expensive, to cover if vacant.

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