Outstanding claim effects other properties?

[Chris M.]

I had a claim 6 months ago due to storm damage of a roof.  The insurance company has not denied the claim and is not responding to my messages so the claim has just been left open.  I need to purchase insurance for completely separate properties in my portfolio, but the insurance broker is telling me that I can't bind any new insurance until this claim is closed.

How could it be that one open claim prevents me from insuring other properties?  How do big investors avoid this issue?

[Tracy B.]

Yes, painfully we do required that claimed have to be closed before we can bind coverage on the SAME property.

   I talked to my underwriting department and they said because in order to calculate risks--they have to see the claim report completed.

  Although--if you work closely with your agent--you can ask them to work with underwriter about your specific case.  They can contact your current insurance to learn more about the claim and if they ok with what they see--they can go ahead and give you coverage. 

  For OTHER properties--I don't see a reason why they couldn't bind coverage you need.