I Need Some Help with Home Insurance

[joshb]

Reading this thread, I fail to see where this guy is at fault? Oh, he is definitely a blowhard, but I don't see where he caused this problem.

It appears the app was properly filled out, that is about the extent of his responsibility. It is the agent's job to know where to place the business. If the insured is expected to know that, then what is the point of an agent? Also, before any one gets on a high horse chastising the insured about reading the app, how many people really read the application? Most people just expect the agent to fill it out and that it was done properly.

Volagent, Tower Hill's application asks for number of units, if the agent put in the correct answer, an error message would pop up and say this risk is ineligible for coverage. So someone is to blame. Tower Hill doesn't just appoint any agent with a license, they are VERY strict. They will terminate an appointment very quickly, and this would get an agents appointment terminated, so I have a feeling the insured (AKA the OP) lied on the app (why would the agent put his appointment at risk with one of the best carriers in the state?) Tower Hill has changed their guidelines quite a bit over the last few years, but they notify us of all changes, and their system is updated and won't let us continue if it doesn't fit their guidelines.

 

[jademann]

Josh you are now saying I lied!?? Please read my previous message again..

 

[joshb]

Why am I a blowhard??

Josh, are saying that I also have to split liability from fire and property damage? Lets see now on this one property I now have wind insurance, flood insurance, extra liability insurance (over $300K), and I now also need liability for the first $300K, and finally buildings damage insurance. Add to that some here think that I instead need commercial insurance for some or all the above. This is nuts!

I own properties in London UK and I get calls from all over the place offering me a single buildings insurance policy with 30% off just signing up with them..
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FL, The broker didnt do anything wrong, all information was correct and the same broker used the same insurance company for the past three years with the previous owner. Tower apparently changed their policy, at least thats what they told me in order to cancel my policy.

Jade, welcome to Florida. In Florida you cater to the companies, they don't cater to you. And no they didn't tell you they changed their guidelines in order to cancel your policy. They haven't accepted that many homes on one parcel for many years now.
A commercial policy is your best option, however like I said before, I do know of a company (depending on the area you are in) that will write it on a Dwelling Fire form, but will exclude liability (due to the fact that its really a commercial risk not personal). To have a commercial policy you don't necessarily need an LLC or Corp. You should be able to get it done, with your individual name. I have a few customers in your situation, and I had no problem insuring them. However, you will need to replace the roof before obtaining coverage. No company will accept that as it stands. One storm and their paying for a new roof.

 

[jademann]

I vaguely recall it, which is why I called him a blowhard.

I don't know squat about Tower Hill. But if the properly had been with them for years and he used the same agent the previous one did, you can't exactly blame him. The fault would seem to lie with the agent who either didn't do the app right, ignored a change in underwriting guidelines, or Tower Hill changing their guidelines without notifying the agents.

And Jademann, you are a huge blowhard and worse. You came on here wanting to blame and basically slander everyone. Right or wrong, that doesn't get you help. Ask nicely and you'd be amazed what people will do for you. Right now, the Florida agents don't want to touch you because of your attitude.

I came on here to explain what happened to me and to get help. And yes I do feel VERY badly let down (wouldnt you?!) because I now own a building which isnt currently insured through no fault of my own.

 

[joshb]

Josh you are now saying I lied!?? Please read my previous message again..

No I'm saying either the agent did not disclose it to the company, or you did not disclose it to the agent. One of the two. However, I don't think the agent would risk his appointment over something like this which leads me to believe it was you. Tower Hill's system would not let him go forward with the correct answer so somebody did something wrong, before it went to Tower Hill. Thats all I'm saying.

 

[VolAgent]

I came on here to explain what happened to me and to get help. And yes I do feel VERY badly let down (wouldnt you) because I now own a building which isnt currently insured through no fault of my own.

Then change your language and attitude.

Yes, I do sympathize with you otherwise I wouldn't have posted at all. But you are a blowhard and your attitude isn't getting you anywhere. As I said, right or wrong, change your tone. Stop casting stones and start asking for help. It doesn't matter whose fault it is right now, you need to get it fixed and insured. Focus on moving forward instead of blaming everyone else.

After it is fixed, then you can throw stones all you want!

 

[jademann]

Josh thanks for you offer, I will bare it in mind. I am currently considering Citizens for the first 8 units but I will also need 8 weeks or so of no insurance cover unti the roof is done on the third, assuming I can find the money.. This will definately be the last property I buy in FL and I also I will not sleep very soundly thinking I have reliable insurance coverage.

Volagent, the other thing I hoped to accomplish was highlighting just how poor the insurance business is in FL with the hope that who ever has the power to improve it does so.

 

[joshb]

Josh thanks for you offer, I will bare it in mind. I am currently considering Citizens for the first 8 units but I will also need 8 weeks or so of no insurance cover unti the roof is done on the third, assuming I can find the money..

Jade, Be careful with Citizens. They are a pain in the ass. I don't write too much with them, but the ones I do write are nothing but a pain,!

 

[FL P&C Broker]

I don't think Citizens will write more than 4 units on a DP policy.

 

[jademann]

Josh, again I did not lie. The broker simply rehashed the previous application since it was in place three years with the previous owner and there were no changes.