Insurance Inspections (by Dee Ann [WI]) Aug 2, 2022 10:50 AM|
Insurance Inspections (by Robert J [CA]) Aug 2, 2022 11:01 AM
Insurance Inspections (by plenty [MO]) Aug 2, 2022 11:06 AM
Insurance Inspections (by Ken [NY]) Aug 2, 2022 11:49 AM
Insurance Inspections (by Dee Ann [WI]) Aug 2, 2022 12:46 PM
Insurance Inspections (by MikeA [TX]) Aug 2, 2022 12:59 PM
Insurance Inspections (by Ed [CA]) Aug 2, 2022 5:19 PM
Insurance Inspections (by Sorta Blonde [CA]) Aug 2, 2022 6:34 PM
Insurance Inspections (by Ken [NY]) Aug 2, 2022 8:07 PM
Insurance Inspections (by Small potatoes [NY]) Aug 2, 2022 11:12 PM
Insurance Inspections (by RentsDue [MA]) Aug 3, 2022 7:30 AM
Insurance Inspections (by Robert,OntarioCanada [ON]) Aug 3, 2022 12:32 PM
Insurance Inspections (by Robin [WI]) Aug 3, 2022 9:08 PM
Insurance Inspections (by Ray-N-Pa [PA]) Aug 4, 2022 7:52 PM
Insurance Inspections (by MAT [PA]) Aug 4, 2022 9:49 PM
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Insurance Inspections (by Dee Ann [WI]) Posted on: Aug 2, 2022 10:50 AM
Anyone here getting more frequent inspections from their insurance companies?
It seems insurance companies are tightening up here. Two neighbors of two of our properties were inspected within the last two years and told to do more work to their properties or they would not be renewed. One was told to get a new roof, one to paint; neither of their properties were distressed.
We got a short dated letter yesterday from our insurance company letting us know they were sending their partner to take a minimum of 2 (no maximum) pictures to look at the exterior of one of our properties.
My agent will contact us if the inspection results suggest the need to update our insurance.
What has been your experience where these types inspections are concerned? Did they follow up to do interior inspections? Did they ask tenants to let them in? Did you end up getting rates raised or told to get particular work done? if so, did they dictate a date the work had to be done by? Any repercussions for not being able to complete? Let's hear your stories.
Insurance Inspections (by Robert J [CA]) Posted on: Aug 2, 2022 11:01 AM
Years back, the American Insurance Company, Farmers, got a major buyout from a Dutch Insurance Giant. Their policies changed any any small time landlord with a commercial apartment properties, 5 units and up "BUILT BEFORE 1955", should be cancelled.
Why, because of the old plumbing (pipes), old electrical and roofs.
So as a contractor, I had replaced all of old electrical panels with upgrades to the wiring. I replaced the galvanized pipes to copper and tore off the old roofing layers and installed new roofing goods and flashing. All new. But I was still cancelled.
So almost a dozen polices got moved to other insurance carriers.
Then like an idiot, I moved some single family homes also to other carriers, I tried Geico. What a mistake. Why? Non owner occupied rentals get inspected by a third party, the Geico company co-insurance carrier. In one house on the side of the property I had part of the air conditioning system. So instead of having service trample in mud after a service call, I installed 12" x 12" paver stones, pitched for water run-off. The Geico co-insurer said, "Stones uneven at a pitch, "Must remove". So I had to move my rentals from Geico because of the co-insurance crazy inspection. My pavers were installed and permitted.
Insurance Inspections (by plenty [MO]) Posted on: Aug 2, 2022 11:06 AM
The last one I had was a few years ago and the took an outside picture and one of the panel box. --172.56.xx.xx
Insurance Inspections (by Ken [NY]) Posted on: Aug 2, 2022 11:49 AM
I have never had an insurance company want to get in a place after an initial inspection shortly after buying a place.They do a yearly inspection and occasionally i have to do exterior painting.One time they wanted me to replace a roof i didnt want to replace so i was able to keep the policy by signing off if there was damage due to a roof leak then i would not be covered for that --74.77.xx.xx
Insurance Inspections (by Dee Ann [WI]) Posted on: Aug 2, 2022 12:46 PM
Good idea to offer to do that Ken, or did they suggest you do that? --75.11.xx.xx
Insurance Inspections (by MikeA [TX]) Posted on: Aug 2, 2022 12:59 PM
I have an independent agent that shops around for policies each year. The company that had my policy for 2 years (not one I have now) was crazy with inspections. Every year they would pick 15% of my properties to do an inspection inside and out. They hired a local guy to do them. He was a home inspector by trade so was used to writing it up as sales inspections that pointed out not only defects but wear and tear. That went back to the insurance company who would then send me a list of things needing repair. They were crazy with their list, for example they wanted me to install a screen on one window where it was missing or replace some siding because it was showing signs of wear but was still in good shape. That really ticked me off so I politely told them to cite the building code where that was required. Low and behold they decided I didn't need to repair anything on the list because it was just "recommended" not "required". The second year I just ignored their stupid list and never heard another word from them. The third year I told my agent to exclude that company because I was tired of their BS and didn't want to have to schedule with tenants to get the guy in.
All the other companies I've had have done an occasional inspection where they take a picture from the street and over the fence into the back yard. All they were really looking for was significant risk factors like trampolines or pools. That isn't a problem in my book. --209.205.xxx.xx
Insurance Inspections (by Ed [CA]) Posted on: Aug 2, 2022 5:19 PM
I haven't had a property inspection in many years. I don't know why, but I feel left out! :p --108.201.xx.xx
Insurance Inspections (by Sorta Blonde [CA]) Posted on: Aug 2, 2022 6:34 PM
Before the Pandemic, my company came to look at my house one year and the rentals the next year. Always a 'safety' check but looked at everything and took pictures of the roofs with a long pole. Interesting to watch. So one time, we had a guy I didn't know and he went back and CANCELED my insurance on my house because it had 'peeling' paint on the porch railings. I called my Agent and she managed to get it reinstated, BUT I had to paint anyway (so much for shabby chic). My actual Agent came out himself after the paining and did the inspection himself with an apology about the other guy. Turns out the guy was mad because he was called out to fill in for a sick inspector and it was on a holiday. Duh. Next inspection, was the 'regular' guy who barely looked at anything. Back to normal --174.65.xxx.xx
Insurance Inspections (by Ken [NY]) Posted on: Aug 2, 2022 8:07 PM
DEE,ANN,I think it was my agents idea. I had a friend who got cancelled one time,he called and asked why,he had a 2 story house and the whole one side of the house ran along next to a sidewalk,while the inspector was there a slate roof shingle let loose and landed on the sidewalk with the inspector watching it happen,they did not reinstate it --74.77.xx.xx
Insurance Inspections (by Small potatoes [NY]) Posted on: Aug 2, 2022 11:12 PM
over the years I have had a few inspections, biggest fix asked of me was new sidewalk, as old one was a tripping hazard. last guy nut picked and had a list, or couldn't get in one unit. I had to send pic of panel and of fixes. they were minor like add a railing, remove weeds from cracks in the sidewalk, etc..
one time my insurance was going to be canceled because the guy thought the house was abandoned. from the angle he chose to take a picture it looked like it, but drive ten more feet, see the gardens, etc and you would know its not. --172.58.xxx.xx
Insurance Inspections (by RentsDue [MA]) Posted on: Aug 3, 2022 7:30 AM
We shop the insurance almost every year. That usually means switching companies frequently to get a better rate. They do seem to want inspections with the new policy.All of the inspections have been interior as well as exterior. Some inspectors are fine and some are ridiculous. Always push back at the ridiculous and the stupid requests go away. They have said that letting a tenant have a garden is a choking hazard. You canít make this stuff up. However, I do use the inspections to my advantage. After an inspection, I tell the tenant to get rid of anything that I want gone and blame it on the insurance inspector. --68.191.xx.xx
Insurance Inspections (by Robert,OntarioCanada [ON]) Posted on: Aug 3, 2022 12:32 PM
One insurance inspector wanted GFI outlets in the kitchens where the building as built in 1993 which had split receptacles in kitchen where they do not make GFI receptacle for split circuits. The buildings had metal roofs which last longer along with less likely to fail in severe weather. Shingle roofs are cheaper to install where last around 5 to 7 years along will blow off in high winds. While a steel roof is more expensive upfront it will last longer where over a period of 15 years the steel roof will cost less. Since installing a steel roof the house in 2005 the house next door has gone through three shingle roofs. Fuse panels are out where will have to upgrade to circuit breaker panels with arc fault circuit breakers. In the end the insurance inspector did not want the swings in back where took it to scrap recycling place. He then said the building was way above what he has seen. --68.69.xxx.xxx
Insurance Inspections (by Robin [WI]) Posted on: Aug 3, 2022 9:08 PM
My insurance company sent someone out after the policy was issued and required the following:
--railing installed where 2nd story exited onto a flat roof
--one broken window repaired
--missing row of siding replaced
--pieces of missing stone veneer on porch replaced
By the time their deadline came around (4 weeks later), I had removed the upstairs exit door and put siding over it. Replaced the missing piece of siding and done a ton of other siding, fascia, soffit and gutter repairs that the inspector hadn't mentioned. Rewired the entire house to replace the existing K&T/patchwork wiring. Ordered replacement windows for the entire house, not just the one broken window. Removed 19 large trees, many of which were touching the house.
On the due date, I told them that I'd completed all of the requested repairs except for the windows (10 week lead time due to covid) and the stone veneer (too cold to do masonry). They cancelled my policy anyway because I hadn't met their deadline! Idiots. --172.58.xxx.xxx
Insurance Inspections (by Ray-N-Pa [PA]) Posted on: Aug 4, 2022 7:52 PM
I am not sure why in an age of Drones and multiple satellites staring at us, why there are more inspections unless over all us LLs deserve it --24.101.xxx.xxx
Insurance Inspections (by MAT [PA]) Posted on: Aug 4, 2022 9:49 PM
Have never had anyone look at any of my houses in 23 years, at least not to my knowledge. From the poss above, sounds like itís more common than I thought --100.34.x.xx
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