Bought our house in 2018. Had 3 losses 7/2020 water leak and damage, 9/2022 theft and 11/2022 water leak and damage. We were not renewed and after speaking to many agencies and brokers the past two months no one will cover us. Tried the fair plan act in California and was denied as well citing our losses.
Obviously we learned our lesson that filing claims leads to being uninsurable, but the water claims were 8k and 14K. In hindsight we would not have filed for theft. Or at this point even the 8k.
I am guessing that the only option at this point is to let our lender know and they will find forced coverage? Any other advice? How long until we can find regular insurance again? 3-5 years?
More info: Our last house was new construction. No claims for 8 years. Current house is 1960s ranch house with pipes under the slab. We replumbed our hot water with the first claim and broken pipe in bathroom under slab. Wish we’d done cold too and it will be the course of action to prevent more issues hopefully.
The second water claim was a drainage pipe that went from sink to sewer line that had rotted out under our kitchen floor. Yuck water was coming up between the tiles. Because we have tile from one end of house to the other the whole floor had to be retiled. We bought many extra tiles so any future issue is localized repair only if god forbid it happens again.
We used our insurance not foreseeing the penalty because we’ve never had the experience of using it before and being penalized until now. No one warned us not to make claims. But we’d also had numerous other things we had to spend a lot on that were unforeseen oop in the last 5 years. Sewer line outside home replaced. Pool resurfaced/replastered. New air conditioner and system. It’s not as bad as The Money Pit but it’s been a lot of headaches.
Obviously we learned our lesson that filing claims leads to being uninsurable, but the water claims were 8k and 14K. In hindsight we would not have filed for theft. Or at this point even the 8k.
I am guessing that the only option at this point is to let our lender know and they will find forced coverage? Any other advice? How long until we can find regular insurance again? 3-5 years?
More info: Our last house was new construction. No claims for 8 years. Current house is 1960s ranch house with pipes under the slab. We replumbed our hot water with the first claim and broken pipe in bathroom under slab. Wish we’d done cold too and it will be the course of action to prevent more issues hopefully.
The second water claim was a drainage pipe that went from sink to sewer line that had rotted out under our kitchen floor. Yuck water was coming up between the tiles. Because we have tile from one end of house to the other the whole floor had to be retiled. We bought many extra tiles so any future issue is localized repair only if god forbid it happens again.
We used our insurance not foreseeing the penalty because we’ve never had the experience of using it before and being penalized until now. No one warned us not to make claims. But we’d also had numerous other things we had to spend a lot on that were unforeseen oop in the last 5 years. Sewer line outside home replaced. Pool resurfaced/replastered. New air conditioner and system. It’s not as bad as The Money Pit but it’s been a lot of headaches.
