Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

41
Posts
11
Votes
Jeff Plotkin
  • Rental Property Investor
  • New York City, NY
11
Votes |
41
Posts

Insurance Company Cancelling 1 month after Close

Jeff Plotkin
  • Rental Property Investor
  • New York City, NY
Posted

There is an issue with my home because it is wired with aluminum wiring. Most insurance companies would not take on my house, however I found one that did. Now 1 month after closing, they want it repaired. My broker recommended I change to this other provider for around the same price, and my quote to make the repair is $3,000.

Should I just change insurance and hope they don't request this repair, or just make the repair?

Most Popular Reply

User Stats

7,695
Posts
7,859
Votes
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
Votes |
7,695
Posts
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

@Jeff Plotkin make the repair. You’ll spend more money on insurance long term if you dont

Loading replies...