All Forum Posts by: Antonio C.

Quote from @David Collier Jr:

14 year old roof isn't too old. The flat roof may prove to be an issue but citizens will have to offer coverage. You might want to put an elastomeric water barrier paint on it but just wait to see what happens. 

The claim you withdrew will show up in your claims history and won't help you cause. 

Pex should be considered an upgrade. 

My opinion, you're worrying about something that may be nothing. Wait to see what happens and go from there. 

 Thanks for the insights, do they consider the last 5 years for claims or last 7? Ive heard both

Quote from @David Collier Jr:

You're far from uninsurable from what you stated. I don't know what I don't know of course (prior claims, electrical panel manufacturer, wiring etc.). 

Wind Mitigation and 4 Points within two years are just a new requirement for these carriers. It does not mean they have concerns about the risk. If you are having an insurance inspection done, they'll most likely just walk the outside of the property so clean up any obvious things like trip hazards, broken roof shingles/tiles etc. I just had a carrier make me replace 6 damaged shingles in order to keep my coverage. 

Many carriers are non renewing. Nothing personal or specific to the insured asset. 

Tell your broker to split the coverage for example wind with Citizens and hazard/liability with someone like Tower Hill. 

Background: STR owner/operator and insurance broker.

Hope that helps. 

Thanks, prior claims are 3 six years ago and 1 withdrawn claim within the last year. Panel is Square D, I think my biggest concern is the 14 year old roof and the PEX piping. 

i didnt know you could break out coverage like that.

Hi everyone, I’m asking here to see if I can get some insights and peace of mind for my upcoming four-point inspection for insurance since my current carrier won’t renew after May of this year.

I own a rental SFH in South Florida (Broward). House is in fairly good shape, built in 1980, tite roof built with permit in Dec 2009 closed in Feb 2010, and one portion of the roof is flat (ugh). No leaks, no standing water since roofers built a drain in the middle of the flat roof and still performs well. Plumbing all work, in 2023 we had to bypass some of the plumbing through the attic with PEX, plumber didn't pull permit for this, so I have about 50% copper pipes behind the walls and 50% PEX in the attic.

AC is from 2012, and water heater is from 2018.

My fear comes from if anything weird would make the house completely uninsurable, I don’t mind paying a higher premium due to the roof being 14 years old or anything else, not sure how this is going to play out considering the insurance market in Florida.

Thanks!

Hi all, 

We have a rental property which had a HO3 policy with Heritage, we got a good deal with Citizens to swith to tenant occupied. We needed a four point inspection, and when I called the tenant to notify them he said "well, we have a major water leak here now". I headed over and yes, water on the floor and the walls. I ripped out the wet drywall, wet floors and stopped the leak. 

I notified my insurance agent and she said that she's requesting Heritage to update my policy to tenant policy, and according to her this shouldn't trigger a new inspection if we stay with Heritage, we haven't heard back. This is where all my stress is coming in.

My tenants are moving out in 30 days, it will take me about another 30 days to fix it up. 

My stressed induced questions are: 

1. If Heritage does require an inspection, what happens if it take me 30/60 days to complete it.

2. Can Heritage just straight up drop me today because they wouldn't want to switch my policy?

3. Worst case escenario, I do get dropped, is my loan going to get called up? 

I haven't slept in like 4 days thinking about all of this. Am I overreacting?