On 19 Oct 2004 16:04:42 GMT, (Gould 0738) wrote:

How to the owners obtain protection?


Buy an umbrella policy from the same company that writes fire, or go naked.

Interesting.

I actually ran into something like this with a rental unit that my
daughter bought (read me). It was built in 1920 and the insurance
company that I used for our other two houses was reluctant to insure
it for fire or anything else for that matter.

I spent some money to rehab the house and all was well after that.

Does that work the same way in your state?

Later,

Tom
-----------
"Angling may be said to be so
like the mathematics that it
can never be fully learnt..."

Izaak Walton "The Compleat Angler", 1653

Interesting.

I actually ran into something like this with a rental unit that my
daughter bought (read me). It was built in 1920 and the insurance
company that I used for our other two houses was reluctant to insure
it for fire or anything else for that matter.

I spent some money to rehab the house and all was well after that.

Does that work the same way in your state?

Later,

Tom
-----------
"Angling may be said to be so
like the mathematics that it
can never be fully learnt..."

Izaak Walton "The Compleat Angler", 1653


Once a year the insurance company gives an adjustor a list of addresses insured
by individual policy holders. The adjustor does a "drive-by" and takes a few
polaroid shots or each property. He of course feels compelled to come up with
something, somewhere, to justify his gig. Once a year the insurance company
then sends out notices declaring that unless the "peeling paint on the south
wall is repaired", the "leaky downspout near the back bedroom is replaced" or
"the tenant removes the camping trailer parked in the side yard" coverage will
terminate in 90 days.

I've never been certain how paint peeling on the sunny side of the house
creates an additional fire hazard, but the ins.co. has policy holders by the
short hairs as there is very little competition. One winds up doing the repairs
to keep the coverage, but the repairs would need to be done in any event. If I
had any income property, the relationship with the insurance company would go
back to the mid-70's. There might even be rumors that I enjoyed some
"grandfathered" considerations not available to newcomers.

On 19 Oct 2004 16:49:18 GMT, (Gould 0738) wrote:

There might even be rumors that I enjoyed some
"grandfathered" considerations not available to newcomers.

I hear you. :)

All the best,

Tom
--------------

"What the hell's the deal with this newsgroup...
is there a computer terminal in the day room of
some looney bin somewhere?"

Bilgeman - circa 2004

On 19 Oct 2004 16:49:18 GMT, (Gould 0738) wrote:

the ins.co. has policy holders by the
short hairs as there is very little competition.

==========================

Try getting insurance on boats or houses in Florida these days. Last
year was tough enough but you could still get insurance from companies
you'd never heard of. This year it's difficult to get it from anyone.
I've heard of boat deals falling through for lack of coverage.