My Homeowners insurance keeps getting cancelled

[Kristel Lim]

Hello everyone! Has any one of you experienced getting your homeowners insurance cancelled cause the insurance company thinks its too much risk for them to insure your property? I need help on this as it may potentially increase my monthly mortgage. I have done some research and I could switch to high risk insurance but it would be expensive and diminish my cash flow. What should I do? 

[David Hedges]

Originally posted by @Kristel Lim:

Yes the property has an old roof which I’ve disclosed with the insurance company. The foundation on the driveway needs to be lifted and the fence is leaning. If this current insurance company will cancel on me, I may need to get those replaced. Thank you for your reference! 

If you budget to repair those, it’ll likely not just reduce your insurance costs, but also make it easier to rent