Understanding Insurance Denial: Navigating Multiple Claims and Ownership Scenarios
Have you ever faced strict insurance policies that seem to overlook your unique circumstances? Recently, I encountered a challenging situation where State Farm declined to insure our home due to having two claims within just three years. Interestingly, we own two properties, and I wonder if that should influence their decision-making process.
Here’s the background:
In August 2023, we replaced the roof of our Texas home after a hailstorm—a single claim in 15 years of residence, making it our only insurance claim to date. Prior to moving to Colorado, we owned both homes for about two and a half years, renting out the Texas property before selling it last year.
Our Colorado house, with a roof over 12 years old, recently suffered hail damage as well, leading us to file another claim last month. Currently insured through Connect, we’ve experienced rising premiums—growing from $3,000 to over $4,300 annually over the past three years. Frustrated with the premium hikes and the sale of our policy underwriting to Homesite, I began seeking alternatives.
During this process, I contacted State Farm and was told they are “cracking down” on clients with multiple claims within a short timeframe. This raises several questions:
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Should owning multiple properties, and thus multiple insurance policies, be considered when evaluating risk?
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Would reaching out to other insurers yield different results, or is this a broader industry stance?
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Could working with a private insurance agent help navigate these restrictions or provide alternative solutions?
If you find yourself in a similar situation or are simply curious about how multi-property ownership and recent claims impact home insurance eligibility, it’s worth exploring your options. Consulting with an independent or specialized insurance agent may provide tailored advice and potentially better coverage solutions.
Stay informed, compare your options, and remember: each insurer has its criteria. Understanding the nuances can help you make the best decisions for your property and financial security.
