Insurance Dilemma

[Account Closed]

I have property in the Midwest. There is snow on the ground and it is cold there.

My insurance policy is set to expire. We recently had a roof problem and they said they won't renew the policy due to the roof, which can't be fixed until the weather improves.

What is the recommended course of action? No luck with other companies.

[Donald Stevens]

When the roof is not up to the carriers standards, its hard for them to carry the policy because of the risk it poses to the carrier. They want to pay ligitimate claims but do not want to insure a house that has a high chance of a claim.

I think you have two options. See if the carrier or the agent can put you with a fire only company. Its usually called a DP1. Its a very basic policy but will give you coverage for fire, lightening, wind, and hail. Its not going to be easy but could be done.

Your second option is the state fair plan. Every agent that writes homes has access to the company. It is a place for homes to buy insurance when no other option is available. Most state fair plans do not offer liability so you would have to purchase that seperately. You could buy that until you can fix the roof then switch back to a more standard carrier.

Just an idea for you to consider.