All New Home Policy are subject to an underwriting inspection. In NC a home insurance company can cancel the policy if it does not meet their underwriting requirements, if discovered within the first 90 days. Home inspection are done normally done by a 3rd party company. Some companies will just do an outside inspection, some may also do an inside inspection too.
Outside inspections, they are looking at the roof, age & condition, i.e. missing shingles, curled up shingles, stained or discolored. They are looking for rotten wood, damaged gutters, hand rails, deck rails, condition of the steps. They are also looking for possible liability situations. Inside inspections, are mainly looking at Plumbing, Heating and Electrical systems.
If anything is found, they will normally give the policyholder 30 days to make the necessary repairs. If repairs are not made, then the policy will be cancelled. Insurance companies are also looking at “Pride of Ownership”
What we like to do is look at the Buyers Inspection Report, we do this from an underwriter’s point of view, we will point out any issues that the underwriter might have, so these issues can be address before the inspection occurs. Thus, preventing any unwanted bad news after closing.
Our agency was founded in 2010 after spending 25 years as a claim’s adjuster. We are a family owned and operated Independent Agency, representing over 20 different insurance companies. Our goal it to find the right coverage and correct rate for your situation. We do this by providing you with the knowledge to correctly select the right insurance for you.
In insurance, we deal in “Replacement cost”. What it cost to rebuild your home. This figure will almost always be different that the “Market Value”, or Purchase Price of your home.
Normally we can offer a “locked in quote” from all of our companies within 24 hours after receiving the required information.
Companies we represent for Home Insurance: Progressive, Allstate, Nationwide, Travelers, Safeco (Liberty Mutual), State Auto, Met-life, Foremost, Heritage P&C, Bankers, UPC, Stillwater, and Universal Insurance.
We can cover Stick Built Home, Modular Homes, Mobile Homes, Log Homes, Town Homes, Condos, Primary or Secondary, as well Rental Property