I had 2 home insurance claims in the last 3 years and I cannot find an insurance company that will take me?

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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...

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UPDATED: Oct 6, 2012

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Insurance Question from Erial, NJ

Asked on 10/06/2012

I had 2 home insurance claims in the last 3 years and I cannot find an insurance company that will take me? I had one claim in 2010 for mold damage and other in 2011 for a fire

Answer given on October 30, 2012

Insurance companies are getting more restrictive when it comes to multiple losses under a homeowner policy. Many factors are considered, including the amount of time that you have been insured with the company, number of losses and amounts paid out. In your case you had two losses within two years. In addition, one was a mold claim, which raises problems with insurance companies, since it is difficult to resolve a mold loss and the ongoing issues of the home can create the possibility of future losses. While insurance is intended to protect you in the event of a claim, you should consider the amount of restitution you will receive before filing a claim. I presume that you have been non-renewed you have that “stigma” in addition to the two losses. You may have to find a non-standard insurance company to be able to get insurance. They can write a policy with possibly limited coverage, a higher deductible and, most likely, a higher premium. You can also check with standard companies asking for a higher deductible, say $5,000, and you may be able to get them to insure you. These could convince the insurance companies that you are trying to prevent future losses.

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