I'm purchasing my first home and got a decent quote from Amica for home insurance. However the underwriter is asking to see the home inspection report. Is this normal? I feel like this would only serve to hinder me. The report is pretty clean (no major issues), but seems quite thorough. Just lots of stuff not up to current code due to age of the house. I'm worried this would turn into a checklist for them to demand. Am I being paranoid?
I would just keep shopping. It sounds like they're probably super stingy and even if it turns out ok now, who knows what else they'll want from you in the future. ex: they might not like if you do any changes etc. Insurance companies can be weird with stuff like that. When I bought my house I just called, gave them some basic info they asked for like square footage and that was that.
If there is an option to have them do their own, I wouldn't give them yours. The guy they send out won't notice or care about near as many things as in the home inspection.
Every single insurance company will demand this, all of them. Shopping around will just mean a new company is going to be asking for an inspection. They have no idea if you're hiding a major issue that already exists that you're going to try to claim as soon as the policy starts, so they want an inspection that says it's good enough.
It's standard, you will NOT be insured without an inspection. Either provide proof of your own or have them do it, either way they get the information they're looking for.
Every single insurance company will demand this, all of them. Shopping around will just mean a new company is going to be asking for an inspection. They have no idea if you're hiding a major issue that already exists that you're going to try to claim as soon as the policy starts, so they want an inspection that says it's good enough.
It's standard, you will NOT be insured without an inspection. Either provide proof of your own or have them do it, either way they get the information they're looking for.
I've never been asked to provide an inspection. Switched insurers on our primary residence three years ago and they didn't ask. Purchased a second residence almost three years ago and wasn't asked. However, the secondary residence is in Florida and they did want proof that the roof was up to current hurricane related standards.Every single insurance company will demand this, all of them. Shopping around will just mean a new company is going to be asking for an inspection. They have no idea if you're hiding a major issue that already exists that you're going to try to claim as soon as the policy starts, so they want an inspection that says it's good enough.
It's standard, you will NOT be insured without an inspection. Either provide proof of your own or have them do it, either way they get the information they're looking for.
Was not the case when I bought my house. They asked for basic information and that's it. Maybe they sent someone to do an outside inspection but nobody ever came inside nor did they ask for the papers for my own inspection. I guess it varies per area.
Same here although the number of questions has increased. I had always been asked how old the roof was but when I was shopping a few months ago I was asked how old the HVAC system was.This. My company, Liberty Mutual, did not inspect my house or ask for an inspection report. Just some basic questions and thats it.
Was not the case when I bought my house. They asked for basic information and that's it. Maybe they sent someone to do an outside inspection but nobody ever came inside nor did they ask for the papers for my own inspection. I guess it varies per area.
I've never been asked to provide an inspection. Switched insurers on our primary residence three years ago and they didn't ask. Purchased a second residence almost three years ago and wasn't asked. However, the secondary residence is in Florida and they did want proof that the roof was up to current hurricane related standards.
This. My company, Liberty Mutual, did not inspect my house or ask for an inspection report. Just some basic questions and thats it.
Yeah this what I was thinking. I thought they would just send someone out and not ask for mine. I figured the guy they would send out would just do a cursory glance at stuff and not be as thorough. Anyways I just sent it to them. As some people mentioned here, if it doesn't work out then I'll just go with a different provider.
It's entirely possible your bank sent them their inspection report, that's what mine did. I don't think this varies by state, but I guess it might... anyway I believe it's a requirement for any home loan to get your home inspected. My homeowners insurance is handled through an escrow account through the bank, and I gave my bank my insurance info so they could get all that set up. Part of that transaction was the bank provided State Farm with my passed home inspection. If the bank didn't tell me that's part of what they were doing, I wouldn't have known as it was all done without my involvement after I gave them my insurance contact. That might be why you guys never had to provide one... if you're paying insurance through escrow the bank most likely covered that part for you.
If that's not the case I don't have a good explanation why they wouldn't need an inspection. I've always known it as standard practice for insurance. Every time I got a new car they'd come out to visually inspect it as well, make sure there wasn't damage I was going to claim immediately.
Every single insurance company will demand this, all of them. Shopping around will just mean a new company is going to be asking for an inspection. They have no idea if you're hiding a major issue that already exists that you're going to try to claim as soon as the policy starts, so they want an inspection that says it's good enough.
It's standard, you will NOT be insured without an inspection. Either provide proof of your own or have them do it, either way they get the information they're looking for.
It's entirely possible your bank sent them their inspection report, that's what mine did. I don't think this varies by state, but I guess it might... anyway I believe it's a requirement for any home loan to get your home inspected. My homeowners insurance is handled through an escrow account through the bank, and I gave my bank my insurance info so they could get all that set up. Part of that transaction was the bank provided State Farm with my passed home inspection. If the bank didn't tell me that's part of what they were doing, I wouldn't have known as it was all done without my involvement after I gave them my insurance contact. That might be why you guys never had to provide one... if you're paying insurance through escrow the bank most likely covered that part for you.
If that's not the case I don't have a good explanation why they wouldn't need an inspection. I've always known it as standard practice for insurance. Every time I got a new car they'd come out to visually inspect it as well, make sure there wasn't damage I was going to claim immediately.
It's entirely possible your bank sent them their inspection report, that's what mine did. I don't think this varies by state, but I guess it might... anyway I believe it's a requirement for any home loan to get your home inspected. My homeowners insurance is handled through an escrow account through the bank, and I gave my bank my insurance info so they could get all that set up. Part of that transaction was the bank provided State Farm with my passed home inspection. If the bank didn't tell me that's part of what they were doing, I wouldn't have known as it was all done without my involvement after I gave them my insurance contact. That might be why you guys never had to provide one... if you're paying insurance through escrow the bank most likely covered that part for you.
If that's not the case I don't have a good explanation why they wouldn't need an inspection. I've always known it as standard practice for insurance. Every time I got a new car they'd come out to visually inspect it as well, make sure there wasn't damage I was going to claim immediately.
I never got a home inspection when I bought my house (knew what I was looking for, knew people who had worked on the place before, blah blah), and I had zero issues getting it insured. The only thing they even really cared about was the fireplace, which they did send someone out to double check a couple things about its install (measurements to the walls, surrounding floor), but that was it.
Nope, no inspection done here, property was sold "as is" - foreclosure property. From the time we put in the offer, until we closed, no one entered, except someone from a competing realtor. That realtor had the keys and refused to do anything related to us closing on the house. Insurance company asked a few questions on the phone, and that was about it. At one point during the questioning, they started to insist we'd need flood insurance, since there's a stream running through the property. My wife told them that if it ever gets anywhere near close to flooding here, they better be building an ark. Even at that, they took her word for it.
What concerns do you have about needing to file an insurance claim for the roof?