Where can we obtain homeowner insurance on an older home that is being renovated.
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UPDATED: Oct 20, 2011
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Insurance Question from Beechwood, MI
Asked on 10/20/2011
Where can we obtain homeowner insurance on an older home that is being renovated. We recently received a cancellation from our current homeowner carrier (Farmers Mutual). We have an older home that it being renovated. Last January we had a fire in the woodstove in the newly renovated part of the home. The repairs were completed, a new stove installed etc. The company will not renew the policy and we must find a new carrier. The renovation is not complete, some of the siding is not yet on and the roof is new on the renovated area but still old on the older part. We live in Upper Michigan in town close to the fire station. Any help you can give would be appreciated.
Answer given on October 21, 2011
I also called the Department of Insurance for the state of Michigan (also know as LARA). They pointed us to Michigan Basic Property Association at 313.877.7400. They can insure properties that are assigned risk (which your home may fall into that category as you have had a wood stove fire and currently under renovations). See if they can help you get insured.
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