Homeowner’s Insurance With Roof Exclusion?

[Jonah Hartsburg]

BP nation,

I received a letter from my insurer on one of my rentals saying they will discontinue coverage unless I replace the roof on this home. I just had the roof inspected and confirmed there are no signs of active leaks, but the age shows from the exterior, and the company sent out their inspector who commented on its appearance. I can replace the roof; however, I’d rather wait on it unless I have to. I read in another forum that some insurance carriers offer policies with roof exclusions. I’m yet to find a company that offers a product like that. Does anyone know of another insurer I could contact? I’m located in Indiana. If I find a policy that isn’t significantly higher than what I am currently paying, I’d like to switch policies heading into colder weather.

Thanks!

[Jonah Hartsburg]

@Kevin Koone Yes! That’ll be a nice perk for sure. And I likely won’t need to mess with that Cap Ex expense for a while. :)