Selling house and buyer can’t get insurance

Selling house and buyer can’t get insurance

Jacksonville Beach, FL · Member since 2015 · 16 posts · 3 votes
I am currently selling a home. I bought in 2012 and had no issues getting insurance. The current buyer can not get insurance because of the age of the home (85 years). The owner before me was a do it yourselfer and updated the plumbing and wiring. It all inspects good but there were never permits pulled. Any advice on finding an insurance company that will insure? Also I think I know but why did I have no issue in 2012 and now the new buyer is getting hoop after hoop to jump through?
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  • Rental Property Investor · Maryville, TN · Member since 2009 · 529 posts · 414 votes
    8y

    2016 hurricane matthew, was it? Even citizens said no?

  • Insurance Broker · Miami, FL · Member since 2017 · 14 posts · 5 votes
    8y

    Hi Ty,

    There are certain companies that have to take him in FL, like Citizen's. It may be the case that the buyer cannot find affordable insurance if it's located on the coast and needs wind. There are a few good programs for Coastal properties here, the buyer just needs to find a good broker. 

    Hope this helps. 

    Ricardo Alonso

  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    8y

    The obvious question is will Your current insurer insure the house again?

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