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Updated about 8 years ago on .

User Stats

77
Posts
39
Votes
Michael S.
  • Rental Property Investor
  • Dallas, TX
39
Votes |
77
Posts

New Home Insurance Canceled By Underwriter - What Now?

Michael S.
  • Rental Property Investor
  • Dallas, TX
Posted

Hi,

Looking for a bit of advice. I had my primary insurance through USAA. They came out to do an inspection a couple of weeks ago and I recently received a letter indicating that they were no longer willing to move forward with my home's coverage. This is likely due to the inspector viewing my basement when the basement flooring was in the process of being replaced (I had tiles up for contractors to assess the flooring). This also caused mold  on the walls. 

Outside of getting the basement fixed, what is the best way to approach picking up insurance once again? Will this hurt my chances of picking up insurance with another company? I'm in Northern NJ if it matters.

Mike