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Home Insurance in San Diego County : Real Estate Advice

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  • Local Info22
  • Home Buying186
  • Home Selling21
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Activity 20
Thu Nov 16, 2017
Tavisdavidson asked:
They have admitted to the incident, and told me they didn't want to go through their insurance. Now they have decided they do not want to pay the full estimate. Now they won't…
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Thu Jul 6, 2017
Alvinely2 asked:
Sat May 27, 2017
Rich Reed answered:
Yes, the property owner can order a C.L.U.E. report. Such reports are often stipulated in residential purchase agreements. https://personalreports.lexisnexis.com/homesellers_disclosure_report/landing.jsp ... more
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Sat Feb 18, 2017
answered:
Hello Wayne_lane, it will vary depending on what scale and upgrades you are intending. Did you have some damage that is covered by insurance and if so they will do the calculations.


If you want to remodel your home you may consider the 203k loan program which you would have a cost coordinator to assist you.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
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Mon Oct 12, 2015
Cindydavisbroker answered:
I would suggest calling a building contractor or architect in the area.
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Tue Jul 30, 2013
David Rudd / Kindred RE answered:
Great answers below - really like Mary Lawler's, but to confirm/add:

The Insurance company should provide you with some answers:

"Why" they will not provide coverage
"When" they discovered this reason (prior to close of escrow or after)

It may feel very alarming to you, but I have seen similar situations where the next insurance company was more than happy to provide insurance on the home.

After finding out the above questions, contact additional insurance companies, be up front (most insurance companies all share claims histories on properties) .

Best of Luck!
... more
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Mon Apr 22, 2013
jeremy answered:
Here's another way to learn about Title Insurance... www.fastforwardstories.com/title-insurance
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Mon Jun 18, 2012
Ron Thomas answered:
The HOA will have their own Insurance which covers the grounds, security buildings, common buildings, roof tops for fire, theft, vandalism, accidents as well as Liability.

The residents would be responsible for their own insurance for internal fire, theft, contents, vandalism as well as their liability.

Your Lender would require proof that you had both.

Does this answer your question?
... more
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Fri May 25, 2012
Donald Stevens answered:
The biggest challenge with a luxury home is trying to determine a value to rebuild the home. Most luxury homes have a lot of customizations and usually will have some unique architecture. A thorough analysis is crucial to insuring the home at the right amount of coverage so the homeowner is able to be made whole again in the event of a loss.

Another challenge home owners face is that SOME companies replacement policies will not rebuild with upgraded features. They will only repair/rebuild the home with standard or contractors grade materials. Read your policy carefully.

The last challenge is the amount of insurance. Again, SOME companies will not write insurance on a home over a certain value, lets say $750,000. If the home will cost $1,500,000 to rebuild, some companies will not want to write the insurance on that home. The challenge is that you have less options when looking for rates to compare.

The good news is that companies that specialize in luxury homes, like Lexington or Fireman's Fund, have policies that are rich with coverages and priced to attract the customer they want to insure.
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Sun Dec 4, 2011
Frank Delsavio answered:
I am Independent agent in Carlsbad. Drop me a line. frankdelsavio@zoho.com or 760-809-5749. We can get you insurance for your condo. Most likely under commercial. Have a great night.
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Thu Jul 21, 2011
answered:
Although I am a mortgage loan officer I also have a property and casualty insurance license. I do not write insurance even though I could.

Most insurance brokers should be able to place insurance on this property especially if it requires aggressive underwriting. Arrowhead Insurance is a very lenient/aggressive insurance company that offers its services to insurance brokers. I haven't heard of issues with attached housing as it would likely be an HO6 policy so i am assuming a policy being declined may be due to a water damage claim (usually the main culprit) or some other form of claim that flags the property in the National insurance database. Mold is another. Find an insurance broker and you'll have a much better chance. ... more
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Mon Oct 18, 2010
Don Clark Realtor answered:
Hi Peter, this is a shared ownership. I have met with the mgmt co. and toured the properties. Villas owners take title with a one-eighth fee-simple deeded interest in one of the 12 Villas. The amenities of one of the most exclusive resorts in California. A very interesting proposition for someone who wants to be here part time.

Check out their site http://www.villasranchovalencia.com/press/pressDetail.php?ItemID=42

Don Clark
760 815-0723
... more
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Thu Apr 29, 2010
Realtorgirl answered:
You can get a copy from your home owners insurance company. If they don't have one, ask them how can they charge you the correct premium with out it.
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Sat Apr 11, 2009
Marcie Sands answered:
Rose,

Another good resource for consumers, and agents, is the site www.unitedpolicyholders.org

United Policyholders, a non-profit organization headquartered locally, has been a tremendous help to assisting consumers with insurance issues, knowing their rights and educating the public about insurance policies and the realities involved if there are claims. They may have further information specific to your question.

All the Best,

Marcie Sands, REALTOR
SImply The Best Real Estate Company, Inc.
Rancho Bernardo
760-644-1562
... more
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