Will another insurance company inform my current provider about any issues with our house?
Our current insurance never inspected our roof, so they continue to claim that it’s in poor condition, even though there are no missing shingles. We’re paying around $500 a month for coverage on two older Hondas and our old home.
We had to go with this company because others rejected us, citing the house’s construction date of 1956 and its renovations. I’m wondering if bringing in a professional to get an estimate on the roof will lead to them reporting any issues to our current insurance, potentially putting us at risk of cancellation? We’re located in Texas.
It’s understandable to be concerned about how getting an estimate from another company might impact your current insurance policy. In general, insurance companies are not required to report information about your property to each other, so getting an estimate from another contractor should not automatically result in your current insurer being notified. However, it’s important to be aware of a few things:
Policy Terms: Review your current insurance policy and any terms related to property condition and reporting. Some policies may have specific requirements regarding repairs or maintenance.
Disclosure: If you do decide to file a claim with your current insurer based on the findings of another company, you will need to disclose any relevant information about the state of your roof. This could potentially lead to a reassessment that might affect your coverage.
Insurer Investigation: If you have an estimate showing significant issues, it’s possible that your insurer could request an inspection, especially if they suspect the risk is higher than initially assessed.
Shop Around: Given the challenges you’ve faced with insurance for your older home, it might be worth looking into companies that specialize in insuring older homes. Some companies may have different criteria for coverage that could be more favorable.
If you’re particularly worried about being canceled, consider speaking directly with your insurance agent or a representative for clarification on what could happen if you obtain an estimate from another company. It’s always best to have a clear understanding before making any decisions!