Can I get new homeowners insurance with poor credit?

Free Insurance Quote Comparison

 Secured with SHA-256 Encryption

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Full Bio →

Written by

UPDATED: Jan 31, 2013

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Insurance Question from Chattanooga, TN

Asked on 01/31/2013

Can I get new homeowners insurance with poor credit? I bought a house in 2003 and never had any problems with debt, mortgage or income until I lost my job in January 2011. After six months of seeking employment, I began to experience financial issues because of NO INCOME other than unemployment (which is nothing). I am finally working again and able to meet my obligations. Other than the mortgage, I do not have much debt, but I did get behind of everything for a period of time. My homeowners did not renew at the end of 2010 due to claims, then a tornado came through in spring 2011 and blew the roof off my house. Can I get new homeowners?

Answer given on February 17, 2013

If your homeowner insurance was not renewed due to claims, you could find it difficult to find replacement insurance. The insurance companies look very closely at continuous claims from an insured and the information is shared.You should seek an independent insurance agent. They can access insurance companies that can offer a limited policy. It will include a higher deductible and may not offer the same coverages that the standard homeowner policy does. The costs may be higher too. However, if you can handle the insurance for 3 to 5 years, you should be able to find a less expensive policy.If your home is still damaged due to the tornado, you will have to repair it before any insurance company will be willing to write your insurance. If you unable or unsuccessful in finding insurance, you should contact your lender. They sometimes can ge insurance, for a very high cost, but at least the home will be insured.

IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and AS IS. It has not necessarily been reviewed by the management staff of nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on to represent you.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

 Secured with SHA-256 Encryption