Insurance Letter, Anyone else ever get this?

[salsa]

Hi,

So we are 6 months into a 5 year plan. 0% going to unsecured. Cars are being paid through the plan, as well as priority taxes. Awhile ago the company that we have homeowners insurance through, came out to look at properties, I guess to make sure you are adequately insured or something.

Got a letter yesterday, they are putting a clause in our policy about the roof and it would only be replaced at depreciated value, due to the fact we need a new roof. Parts are curling up, etc. They are giving us until April 2014 to replace or they will no longer insure.

So, not sure what my options are? Go with a different company? Needless to say I'm not going to be able to save enough to replace in the next year. I don't think I would get permission from trustee to skip a couple payments as due to being in a 0% unsecured.

[LadyInTheRed]

My insurance company once sent me a notice that somebody had inspected the property and found the rail on the front porch was loose. They gave us 30 days to repair it to avoid cancellation. Fortunately, it was an easy repair we could do ourselves.

My only suggestion I have is to talk to an insurance broker to see if they can find you coverage.

[AngelinaCat]

This is a fairly common occurrence. If insurance companies can find a reason to drop you, they will. You don't list your state, but if you are in one of the ones that have been heavily impacted by hurricanes in the last several years, this happens.

Go to a local independent agent and see what they can do for you. They represent several different companies, and will work to find you a 'best fit'. Be prepared to spend a couple of hours in the office answering questions about your home, and your bankruptcy. This is not typically something that can be done online or over the phone.

See the Insurance Board for several discussions on the matter.

Good luck!