Me and a friend at work have different insurance providers. Both got letters saying if we don't have (completely different things) done by mid October we will be dropped. They aren't cheap things. Is there a way to get the insurance companies to help pay for them? Or are we out the 2 to 15k the items would cost to have done.
Posted by pookexvi
8 Comments
No, they don’t pay for home maintenance
I’m assuming this is on your house? If you try to get insurance to pay for whatever it is, they might drop you. Also, home insurance doesn’t cover routine maintenance and replacement of older, failing parts of your house. Welcome to home ownership and post-covid prices for getting work done.
No insurance won’t pay for it, usually it’s roofing so I’m going to assume it’s a roof matter but maybe it’s something else. Your best bet is to either make the repair or try and get away with switching insurance companies and hope that their survey doesn’t find the exact same issue (typically they will find it lol).
Insurance companies don’t even like paying for valid claims, so you’re probably out of luck.
You need to say if this is for a homer auto policy like everybody saying it’s more likely home policy that also would help to say what state you live in and what they’re requesting.
One of the most common things is a new roof. No, they are not going to buy you a new roof because yours is aged.That’s considered routine maintenance , and that is not what insurance is for.
What ever the items are or is because they are at end of life and likely to cause more damage to the home if not fixed.
Maybe try an equity loan. That’s what I have done as I need a new roof in the next few years.
Way I see it you have two options: hire a contractor to do it for you or learn to do it yourself
Wear and tear and normal home maintenance is not covered. Your policy provides coverage for sudden and accidental events.
Like others have said, I’m assuming this is due to an older roof in need of replacement. They can also require tree/bush trimmings, painting, handrails be installed, debris removed, fencing be replaced, etc. It’s all considered pride of ownership. They do routine exterior inspections because they don’t want to insure a home if the home owner doesn’t maintain or care for the home. They kinda figure it as “If you don’t care about your home, why should we?” Statistically, people who lack pride of ownership and don’t maintain their homes are the people with a claims history.