[debron911]

If you are buying a pre-owned home here please take note that, if any plumbing issues/leaks are found in the inspection report, they may result in their underwriter's threatening to cancel your policy AFTER you close the sale. After living in our first Villages home for seven years we purchased a larger pre-owned home in October. It was inspected, a small water leak from the outside spigot, which did damage some wood around it, was discovered and repaired. A month AFTER closing on the home Tower Hill Insurance sent a cancellation notice. They also are cancelling our previous home's policy because it is "unoccupied" pending a sale. The underwriters have demanded a NEW inspection of our new home not even a "re-inspection" to verify repairs were made will suffice. We sent an invoice from the company that performed all the repairs but that was not satisfactory.

Our insurance agent sent the following: "Any time there has been ANY water related issues this will happen now. This year the companies have all been tightening their underwriting and this is no longer unusual."

Don't know if insurance agents or realtors/sales agents are giving any advice but if your inspection has plumbing issues probably safest course of action is to rectify and have the original inspector verify in writing of the repair. Apparently insurance company underwriters can go in after a closing and a policy is initiated, and make demands or threaten to cancel the policy. Would be interested in any currently working insurance agents think about this.

[retiredguy123]

Please clarify what you mean by cancelling a policy and "threatening" to cancel a policy. The policy has a specified term and expiration date, which I thought was always adhered to unless the homeowner violated the policy agreement. But, any insurance company has the right to refuse to renew a policy after it expires.

[Neils]

Call a different ins company

[blueash]

How did the insurance company get access to a privately obtained inspection? I wouldn't think a home inspector hired by the seller or the buyer would be sending their report to anyone but the people who hired the inspector.

[charlieo1126@gmail.com]

exactly!!!

[dewilson58]

Originally Posted by blueash

How did the insurance company get access to a privately obtained inspection? I wouldn't think a home inspector hired by the seller or the buyer would be sending their report to anyone but the people who hired the inspector.

Exactly


Something does not pass the smell test.

[rjm1cc]

Years ago I changed home insurance co's. I was under the impression that the new company did a property inspection before issuing the policy. Had no proof. A couple of months latter they said I had to make repairs to the sidewalk or they would cancel the policy. Fortunately it was a minor problem and I could correct the problem.

[debron911]

Originally Posted by retiredguy123

Please clarify what you mean by cancelling a policy and "threatening" to cancel a policy. The policy has a specified term and expiration date, which I thought was always adhered to unless the homeowner violated the policy agreement. But, any insurance company has the right to refuse to renew a policy after it expires.

The cancellation notice is dated for 2/16/21. Underwriting would not consider the repair invoice evidence that the repairs were made. Our agent emailed that a full new inspection was requested before consideration to reverse cancellation of policy. Our policy was paid in December 2020 in full for one year.

[skippy05]

Get a Progressive ASI Home Insurance Policy with Andy Anderson's Agency and stop wasting money with these clowns and save a LOT of money at the same time. I recently dumped Farmers as my Home Insurance Policy because they would not allow me to renew my Truck Policy with them. They fabricated a story about some lady living at my address and driving my truck while not being on the policy. None of which was true but likely came from their faulty computers artificial intelligence data mining software. In any case it was good luck in the end. Had that of not happened, I've of never known Progressive was a better deal anyways.

[TandHSTAR@AOL.com]

I had a water problem, not from a leak via a broken pipe but from my refrigerator that flooded my kitchen and dining area. Ok called my insurance company, they sent someone to clean up the mess, etc. Several month later I went shopping for a new policy. The company I contacted said they could not insure me for at least a year because I had a "flood claim". I explained that it was from a problem with the water line that fed the refrigerator ice maker. Their answer was their underwriter only see a flood is a flood does not matter what caused it.

[Catalina36]

Stop right there. Tower Hill Insurance????? Who is that? Insurance broker? Why didn't you purchase your homeowners policy from a Allstate, State Farm, Progressive, etc. etc. I personally have Allstate insurance and have had no issues. You spoke about the other house being empty while you moved into your new home and the insurance company wants to drop your insurance because your house is unoccupied??? What about snow birders who own homes in TV. Their homes are not occupied all year around?? Could be unoccupied for 6 months or more?? Like someone else stated stop dealing with those small insurance brokers just to save a couple of bucks and buy your homeowners Insurance from large well known company.

[merrymini]

Lots of homeowners insurance companies will not cover an unoccupied house. I had homes at the Jersey shore for years and the agents told to to never admit they were unoccupied during the winter or they would cancel my policy. So I lied on the paperwork. Unoccupied house insurance is very costly. Never call your insurer to tell them you have left your home. The downside is that if there is a claim occurrence, they may not pay to cover it if they discover it is empty.

[retiredguy123]

Originally Posted by Catalina36

Stop right there. Tower Hill Insurance????? Who is that? Insurance broker? Why didn't you purchase your homeowners policy from a Allstate, State Farm, Progressive, etc. etc. I personally have Allstate insurance and have had no issues. You spoke about the other house being empty while you moved into your new home and the insurance company wants to drop your insurance because your house is unoccupied??? What about snow birders who own homes in TV. Their homes are not occupied all year around?? Could be unoccupied for 6 months or more?? Like someone else stated stop dealing with those small insurance brokers just to save a couple of bucks and buy your homeowners Insurance from large well known company.

Tower Hill is an insurance company that sells insurance in 16 states. Not a broker.

[arbajeda]

You're being bullied. Complain to the state insurance commissioner. And get another agency.

[Thetwisted2]

I gave a copy to my insurance company and they lowered my premiums based on the inspection report