Home Glossary Contact Us  
News Back
What if I can't get coverage?

If you live in a home that is considered "high-risk" or plan to move to a high-risk location, you may have difficulty obtaining an insurance policy.

What constitutes high-risk?

  • Your home is located in an area prone to severe weather such as hurricanes, windstorms, tornadoes or hail.
  • You live in an urban area with high crime, vandalism and theft.
  • Your home has an old plumbing, electrical and/or heating system—these represent a higher chance of causing fire or water damage.

If one or two insurers turn you down, don’t despair. You do have other options. If you are buying a new home, ask the real estate agent, mortgage lender or builder for names of companies that write in your area. If it’s an existing home, ask the previous owners who insured the house. If you still can’t find coverage, consider the following:

Ask for help from your current insurance professional.
Talk to the agent or company representative that previously insured your home or is currently insuring your car, boat or business. If the problem is not where the house is located, but the condition that it is in, find out what type of improvements or disaster-resistant features would be needed to make your home more insurable. The Institute for Business & Home Safety (IBHS) also provides information on natural hazards, community land use and ways you can protect your property from damage.

Talk to your neighbors and find out which insurers they use.
Get the names of any agents who may be knowledgeable about the specific risks in your neighborhood.

Call your state insurance department.
It can generally provide you with a list of insurers that write in your area. It might also have information regarding community groups that help homeowners with insurance problems such as the Neighborhood Reinvestment Corporation.
If you still can’t get insurance, find out if your state has a special insurance plan known as shared market. Generally, two types of plans exist:

1. FAIR Plans
Fair Access to Insurance Requirements (FAIR) Plans were created in the 1960s to make insurance available in areas that had abnormally high exposure to risks over which they had no control. These plans are insurance pools that sell property insurance to people who can’t get coverage in the voluntary market.

FAIR Plan policies may cost more than private insurance and may offer less coverage, but they offer insurance protection where none would otherwise exist. All FAIR Plans cover losses due to fire, vandalism, riot and windstorm. About a dozen states have some form of a standard homeowners policy, which includes liability. In California, the Plan covers brush fires. Georgia and New York provide wind and hail coverage for certain coastal communities.

In order to qualify for FAIR Plan coverage, you must:

Make improvements that limit the risk of fire, theft or water damage, such as upgrading your electrical wiring, heating or plumbing systems, repairing your roof or improving security.

If you do not correct conditions that make your home prone to losses, the FAIR Plan administrator has the right to deny insurance coverage.
Below are the states that offer FAIR Plan Insurance or assistance in getting coverage, and the telephone numbers of Plan administrators:

2. Beach and Windstorm Plans
In seven Atlantic and Gulf states, there is a counterpart to the FAIR Pl

Find an Agent
Enter City Name:
Useful Links
Homeowners Insurance
Auto Insurance
Life Insurance
Health Insurance
Free Insurance Brochures
Recent News
In a “Rent to Own” Situation? Get Condo Rental Insurance
The Presidential Memorandum Regarding Hospital Visitation and Decision-Making
Homeowner Insurance Overview - What You Need To Know
Homeowners and Renters Insurance - Don't Take Chances With Mother Nature
Study: Gay marriage bans lead to lack of health insurance
The Gay Ghetto Top 10 for 2008
Reasons For Home Insurance
Homeowner’s Insurance Puzzles: Is This Covered?
Insurance Professionals Dedicated to Serving You!
Auto Insurance for your kids
November, 2010
June, 2010
February, 2010
January, 2010
September, 2009
August, 2009
July, 2009
June, 2009
May, 2009
April, 2009
March, 2009
February, 2009
January, 2009
December, 2008
November, 2008
FAQ | Agents Join | Agents Login |  Link Partner | Privacy Policy | Terms of Use
Copyright © 2020 Gaysurance.com