In search of new insurance policy after flood

[Chalie Krautkramer]

Hello BiggerPockets family. I finally bought my first rental property in October of last year and was super excited, even had tenants in there by November. Its a first floor condo in Fayetteville, NC. Purchased at $38,000 and rented for 800 a month. Great deal. However in January the condo on the third floor had pipes bust and flooded my property. Beginners luck right. I had insurance policy that covered the loss of rent and the HOA cut us a check to renovate it ourselves. My insurance company just sent me a letter stating they will no longer cover me after October of this year. Does anybody In the area know where I could find a good insurance company that will cover my property after this situation? Also, apparently this had happened before but the previous owners did not disclose that information. If I had known about the weak plumbing I may not have purchased the property. However that’s probably why I got a good deal. Thanks for reading.