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Updated over 5 years ago,

User Stats

447
Posts
63
Votes
Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
63
Votes |
447
Posts

Home insurance company threatening to cancel

Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
Posted


Hello,

My insurance company is threatening to cancel my home insurance if I don't install auto shut off valve within few weeks. Earlier I had a plumbing leak that was very well taken care of and remediation work was done with the help of insurance . After everything was restored to it's previous state the insurance company offered me a 'freebie' to install auto shut off valve with the help of a water security company referred by them.
While I did proactively follow-up with the water security company it was very challenging for both me and the water security company to find a professional who can do such specialzed work involving sensors.
I spoke with the insurance broker and they told me there is not much they can do except end up paying a higher premium to the newer insurance company if my current insurance company cancels the policy.I now feel being penalized for no mistake of mine.Appreciate any advice from experienced members here.

Thank you.














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