Philip J. Cunningham Sr.
Market Force Realty
801 W. Street Rd
Feasterville, PA 19153
I understand your anger with the insurance company but the fact is most if not all insurance companies now inspect the property they will be insuring and require repairs.This requirement started about a year ago in the Philadelphia area.
I am curious of why you you came here to ask the question instead of contacting the real estate agent that did representation during your purchase.
Insurance companies clearly write into their policies that there is a 60 window in which they can evaluate a risk and cancel coverage within that time period for specific reasons. This allows the insurance company to inspect the property to make sure there are no major hazards that could be a liability down the road. For example, the most common liability claim is the trip and fall on a homeowner's sidewalk. Insurance companies try to eliminate these types of claims by requiring the insured to fix any broken or uneven sidewalks they find. In your specific case, you should be able to find another insurance company to insure your home even though there might be some work that needs to be done. Some insurance companies are a little more lenient with terms and conditions of the repairs. Some will even accept a contract with a contractor as proof that the work will be done in a timely manner. Good luck, and I hope this helps.
What I think you may have an issue with is the extent of repairs needed to be made. I would be glad to gather the information from you and take it to my underwriters to see what can be done!
Most likely, If you went with a preferred carrier (State Farm, All State, etc....), and they had an issue with part of the risks associated with the home, then so will most other insurance carriers as well. The best thing to do is be up front about what needs to be done, what they are requiring, and when you will have this issue resolved... that way you can avoid another cancelation letter and possible denial of claim if the information was withheld. I have many preferred carriers that will give up to 6 months to make necessary repairs, assuming they knew about the risk at time of application.
I hope this helps! Give me a call if you have interest in having my agency shop it around for you!
Jeffrey Gallo, LUTCF, Owner/Agent of Jefferson Avenue Insurance, 610-260-3078,