Can anyone refer a lawyer that is knowledgeable on insurance policies? I need someone to look over my policy prior to me closing escrow. I want to make sure that I am fully covered.

I am currently in escrow on a 106 year old 4plex in Long Beach CA. I have received an insurance policy quote for CA Fair Plan. I let the insurance agent know that the property has knob & tube electrical wiring and cast iron plumbing, and they are still willing to insure me at a greater price. I am worried that even though that they say that they will cover any damage due to the very old/unsafe electrical and plumbing, that when push comes to shove I won't be covered.

If I were in your shoes I would pass it though another insurance company. Let them either match or not match what your current insurance company says. I might also talk to a lender. If everyone isn't phased, you should be good to go. Everyone should want to make sure that they get paid and not want to tie up a property that will ultimately not perform. 

Hi Jasmine, I can assist you in looking over the quote. 

We also have attorney that can look the policy over as well.  It's hard to say what is or is not covered without looking over the policy form.  You can send me a PM.

Hi Jasmine, I suggest you find an insurance broker you can trust.  If you feel this way about the quote then the insurance broker is not doing his/her job.  They are there to work for YOU, if you have concerns ask them to clarify the coverage, you can also ask for the wording of the coverage to review.  The wording will outline what perils are covered and what are not.  In my experience a home that has knob & tube wiring and cast iron piping are harder to place (as they are higher risk due to the potential for a loss) which may mean excluding certain things.  Like @Kristina Heimstaedt said you should get a comparison quote from another broker to see what they offer.  Feel free to provide this new broker the original quote to review as well.  They may be able to tell you better than a lawyer as the specialize in insurance.  Also, get a quote from an insurance broker, not a direct writer as a broker will have more options than a direct writer who only represent one company.

All the best!

@Jasmine Batt I'm an insurance coverage attorney. Happy to take a look at your policy.