Will another insurance company inform my current provider about issues with my house?
My insurance company hasn’t conducted an inspection on our roof, so they claim it’s in poor condition even though there are no missing shingles. We’re currently paying about $500 a month for coverage on two old Hondas and our aging home.
We chose this company because others refused us, given that our house was built in 1956 and has been remodeled. I’m wondering, if we get another company to assess the roof and they find problems, will that information be shared with our current insurer, potentially leading to cancellation? This is in Texas.
In Texas, it’s unlikely that another insurance company would report issues to your current insurer. Generally, insurance companies operate independently, and any findings from a new inspection or estimate would typically not be shared unless you or the other company voluntarily disclose that information.
However, if you receive an estimate showing problems with your roof that need addressing, it’s important to consider how that might impact your current coverage. If issues are discovered and not reported, and later arise during a claim, you could face complications with your existing insurance.
It’s a good strategy to get an independent inspection or estimate to accurately assess your roof’s condition. This will help ensure that you have a clear understanding of any potential issues. If repairs are needed, addressing them proactively can also help maintain good relations with your insurer and potentially provide you with better coverage options in the future.
Make sure to read through your current policy as well, as it may have specific guidelines about reporting changes or issues. If you’re concerned, you might also want to consult with an insurance agent who can provide advice tailored to your situation.