Difficulty finding homeowners insurance to cover roof >25 years

[Shellie Johnson]

Hello BP Community!

My husband and I are currently in negotiations for our second property. We knew that we would have to replace the roof once we acquired the property. However, what we didn't anticipate is not being able to get homeowners insurance coverage due to the roof needing repair. Our lender wants this information to move forward with the loan. We don't want to lose the deal and I'm looking for advice on how to possibly work around this. Looking forward to your responses.