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Posted by Ken Young on September 12, 2003 at 10:06:35:

In Reply to: MY HOMEOWNER'S INSURANCE COMPANY IS NOT RENEWING MY POLICY BECAUSE OF A CLAIM posted by Tina on September 11, 2003 at 09:57:45:

: I HAD WATER DAMAGE IN MY HOME DUE TO A BURST PIPE IN THE WALL. IT IS UNDER REPAIR NOW, AND IT LOOKS LIKE EVERYTHING WILL BE COVERED UNDER MY POLICY. HOWEVER, THE LOCAL AGENCY SENT ME A LETTER SAYING I AM NOT BEING RENEWED BECAUSE THEY ARE NO LONGER DOING BUSINESS WITH THAT COMPANY. I PERSONALLY FEEL IT IS BECAUSE I HAD A LARGE CLAIM (BUT THE ONLY CLAIM ON THE HOUSE EVER). I ABSOLUTELY CAN'T FIND ANY COMPANY TO INSURE ME, AND MY POLICY IS ONLY IN EFFECT FOR 2 MORE WEEKS.

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You can check your agent's reason for not renewing your policy with your State Dept. of Ins.

Many companies are pulling out of States where they have experienced a large volume of claims i.e, in Texas mold claims and in Florida hurricane and mold claims.

Your State Dept. of Insurance will inform you if your insurance carrier has pulled out of your State or any Counties in your State.

Since your claim was for a broken pipe, you can purchase a HOA homeowners policy that will exclude water damage from within your home.

There are many of the largest insurers who are still offering HOA policies. In Texas homeowners policies exclude wind damage and if you live in a specific area high risk area of the State you must also purchase a seperate Flood insurance policy because those hazards are not covered under a General Homeowners "A" or "B" policy.

A HOA will usually omit glass coverage also and is not a full replacement cost policy.

Your agent probably is telling you the truth when he informed you that he can not renew your homeowners with the same company because not so much your one claim, but because the company he writes for has pulled out of the State and it is possible he can not locate a new carrier who will write in your State, especially any person who has filed a claim in the past three or so years.

As an additional precaution you may want to check with an agent who writes hazard policies and places them in your State homeowners pool.

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Subject: Re: Re: MY HOMEOWNER'S INSURANCE COMPANY IS NOT RENEWING MY POLICY BECAUSE OF A CLAIM

Comments:
: : I HAD WATER DAMAGE IN MY HOME DUE TO A BURST PIPE IN THE WALL. IT IS UNDER REPAIR NOW, AND IT LOOKS LIKE EVERYTHING WILL BE COVERED UNDER MY POLICY. HOWEVER, THE LOCAL AGENCY SENT ME A LETTER SAYING I AM NOT BEING RENEWED BECAUSE THEY ARE NO LONGER DOING BUSINESS WITH THAT COMPANY. I PERSONALLY FEEL IT IS BECAUSE I HAD A LARGE CLAIM (BUT THE ONLY CLAIM ON THE HOUSE EVER). I ABSOLUTELY CAN'T FIND ANY COMPANY TO INSURE ME, AND MY POLICY IS ONLY IN EFFECT FOR 2 MORE WEEKS. : ---------------------- : You can check your agent's reason for not renewing your policy with your State Dept. of Ins. : Many companies are pulling out of States where they have experienced a large volume of claims i.e, in Texas mold claims and in Florida hurricane and mold claims. : Your State Dept. of Insurance will inform you if your insurance carrier has pulled out of your State or any Counties in your State. : Since your claim was for a broken pipe, you can purchase a HOA homeowners policy that will exclude water damage from within your home. : There are many of the largest insurers who are still offering HOA policies. In Texas homeowners policies exclude wind damage and if you live in a specific area high risk area of the State you must also purchase a seperate Flood insurance policy because those hazards are not covered under a General Homeowners "A" or "B" policy. : A HOA will usually omit glass coverage also and is not a full replacement cost policy. : Your agent probably is telling you the truth when he informed you that he can not renew your homeowners with the same company because not so much your one claim, but because the company he writes for has pulled out of the State and it is possible he can not locate a new carrier who will write in your State, especially any person who has filed a claim in the past three or so years. : As an additional precaution you may want to check with an agent who writes hazard policies and places them in your State homeowners pool.

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