Homeowners insurance with old roof
I have 24 rentals in the middle Georgia area and I just bought one in Jacksonville, fl. It's my first outside of Georgia and I have a local partner (in jax) but it's their first.
I need homeowners insurance. My partner was getting it and we are told we have to pay for an inspection. I never pay for an inspection here and it's usually a drive by when they do it.
The inspector says we need a new roof. It's is old but it's not that bad. I have had a lot worse and never been forced to replace it to get insurance. I even get insurance on dilapidated properties that I'm renovating.
I get an actual-cash-value policy and they are only offering replacement cost. I understand the inspection would affect the value of the policy but I don't see why it stops me from getting the policy.
Is this normal?
Is anyone familiar with the rules in Jacksonville?
Can anyone recommend an agency?