Lauren | "Insurance inspector looks for each and everything and every little detail of the house..."
Insurance inspector looks for each and everything and every little detail of the house, Since they will have to pay off for the damages in case of some calamity or accident, they have to get every thing straight about the house so that when the situation arises, they know the earlier situation of the house as well as the situation after the calamity and hence this will aid in their estimation of the claim money. And consequently they will pay back the money for the damaged property of the house. Henry Greenberg
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 Q. What do i need to know about buying a house? i need the whole info? i need to know about, home insurance stuff, house inspectors, house taxes, and etc....
"If you are buying a house..."
Hi, A lot depends on where you live, what State. But in general, if you are buying a house, you really should use a Realtor. Generally, the seller pays the Realtor fee, even when the Realtor is representing you, the buyer. You should find one that you trust. They will make sure everything is done properly, otherwise they don't get paid. There are a lot of not so good Realtors out there, so use word of mouth to find a good one and don't sign any agreements with the Realtor until you are ready to make an offer on a home and only then make sure the agreement applies only to that property. You want to be able to choose another Realtor if you are unhappy with the one you are using. Even if the home you are interested in is a for sale by owner (FSBO) property, the Realtor can approach them and represent you for a "half" commission, the buying side commission. The FSBO will generally do this if you are a good buyer, a good buyer is one that is putting down a substantial down payment (10% to 20%) of the price and has a bank pre-approval in hand. A pre-approval is more important that a pre-qualification, a pre-qual is based on unverified information, a pre-approval is based on verified information, the bank verifies your credit and employment history. You should probably get a pre-approval first before looking and sometimes the bank's mortgage person can refer you to a reputable Realtor. Once again, all of this depends on where you live. I happen to be a Realtor/Broker in Massachusetts and I have a close friend who is a Realtor in Scottsdale, Arizona. You would be surprised at how there is such a great difference in Real Estate laws, practices and commissions between those two markets. Feel free to email me with any more questions, I don't want to go on too long with this answer. One final note: if you already have found a property you want to buy from somebody you already know and trust (like a relative), you can get by without a Realtor, but you should get a Real Estate Attorney to represent you, write up your offer, write up the purchase and sale agreement or review the one that the sellers attorney has prepared and make sure you have a licensed home inspector inspect the property before entering the purchase and sale agreement.
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Q. How does errors & omissions insurance work with home inspectors? my inspector missed a huge problem with my house. he has errors & omissions insurance. how does it work? do i have to have a lawyer? or do i just make a claim and he argues against it through the insurance company and they decide if they will pay or not?
i already contacted him and he said the house was not like that when he inspected it. the house has a foundation problem and it is 3 inches lower on one side, it would be impossible for the house to drop that much from the time of inspection to the day i noticed it, one month. also, the previous owners painted over cracks that go with the leaning of the house. the house would have had to move before the cracks could have shown up. therefore, the house moved before he inspected it. i asked him specifically about the foundation and if i needed a structural engineer.
"His insurance company would insist on it...."
I would contact the inspector first. He will want to see the problem for himself, and then see where it goes. If he is unaccommodating, you should then contact a lawyer. By the way you should expect the guy to deny any wrong doing. His insurance company would insist on it.
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Q. Can we file insurance claim when selling the house? we are selling our house. the inspector found some hail damage and requested the roof to be replaced. my home insurances covers hail and wind damage, but would they pay for if we are in the process selling our house?
"Your question is very common of insurance companies and you are entitled to..."
You can file a claim but you will need some important information, what was the date fo loss. If there hasn't been a major storm in over 1 year you will have a hard time proving that your loss happening during the currently policy period. You have 1 year to report claims. With that being said if you can tell them how, when, where the loss happened you are in luck. Your question is very common of insurance companies and you are entitled to coverage as it is a covered peril on you policy but you best make certain that you know your facts first. If you have questions talk to your agent. Good Luck
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Q. Recently purchased new house...insurance denied? we just closed on our house a few weeks ago. we had all the inspections and appraisals that we were supposed to get. today we received a letter in the mail saying that our house in uninsurable due to a deteriorating roof. shouldn't that have been disclosed before closing? shouldn't the insurance inspector or the appraiser let us know this before we bought the house? we are not sure what to do....
"It is not the appraiser or insurance companies job to tell you the..."
It is not the appraiser or insurance companies job to tell you the house needs a new roof.
The appraiser just determines if the house is worth the amount you want to borrow.
The insurance company just determines if they are willing to insure the home.
A home inspector is hired to inspect the home and tell you if anything is wrong with it. Did you have a home inspection? If so, the home inspector should have seen the condition of the roof and put it in his report. Usually the buyer will negotiate for a reduction in price to cover the cost of a new roof.
But...locate a roofer and get the roof replaced. Then you can insure the home. You will probably have to get the roof replaced prior to closing so the home can be insured. Speak to your real estate agent about that.
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Q. We bought our house 1,5 months ago, insurance company wants us to replace the roof due to...? ...granule loss. what to do?
we bought the house and our inspector said there is only one shingle missing but the roof is fine. the house is 13 years old.
do we have to pay for it ourselves? can we just repair the roof? how much would this be?
i don't know how many squares the roof has but it is a two story house.
can the insurance company do this?
"You should send the home inspection report to the insurance company..."
You should send the home inspection report to the insurance company. If the home inspector said the roof was fine a month ago, the insurance company does not have the authority to make you replace the roof. In fact, they never have the authority to make you replace the roof, but they can raise your rate. However, if the roof is in fact ruined, you can sue the home inspector. You should fix the roof if it is faulty, but you should use the money you get from the lawsuit to do it.
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Q. My mom's new house flooded because house inspector did not do thorough job, insurance wont cover anything help? my mom bought a new mobile home in an old-age community by the california ocean. she is 62, and i am 19. i live with my boyfriend while attending college, but today my mom called up panicked because water was gushing from the walls and inches of water flooded one of the rooms. the floor is destroyed along with many valuable items.
what happened was one of the drain pipes in the house was old and had a hole in it, and flooded the room when it rained today. my mom called the insurance guy, and he said he was only coming over because he has to by law, but that he won't cover a cent of the damage because it was not a sudden incident like a fire.
i don't understand how my mom has to pay for all of this damage when the inspector did a poor job and only looked at the outside of the house, and the incident was sudden.
what should my mom do? she bought the house a few months ago, and had someone come over to reinspect the house and tell her what she needed fixed. she did everything they said, but they never mentioned anything about broken pipes!
is there anything my mom can do to get some of the damage paid off by one of the people actually at fault? thank you and i am so depressed for my mom! she already has to work until she is 66 before she can retire. it makes me so angry these people didn't do their job thoroughly and now my mom has to pay probably thousands of dollars!? pls help!
ps: the mobile home itself was not new, and someone had lived there before my mom -- it is just my mom just moved there so it is her new home
"Flooding and earthquakes are not covered under normal insurance..."
Flooding and earthquakes are not covered under normal insurance. Unless she obtained flood insurance this is not going to be covered.
No one is at fault here, unless she had the inspector crawl around under the house, which I have never had happen in the 50 or so purchases I have made in my life.
The only possible way she can shirk the responsibility is if she can PROVE the previous owner was aware of the issues and failed to disclose them during the sale. If this is the case she can sue the previous owner, or their estate in the case they have passed away. It will be almost impossible to prove an estate knew of the problem in the event that the previous owner passed away.
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Q. My mom's new house flooded because house inspector did not do thorough job, insurance wont cover anything help? my mom bought a new (to her, but others had lived there before her) mobile home in a seniors' community park by the california ocean. she is 62, and i am 19. i live with my boyfriend while attending college, but today my mom called up panicked because water was gushing from the walls and inches of water flooded one of the rooms. the floor is destroyed along with many valuable items.
what happened was one of the drain pipes in the house was old and had a hole in it, and flooded the room when it rained today. my mom called the insurance guy, and he said he was only coming over because he has to by law, but that he won't cover a cent of the damage because it was not a sudden incident like a fire.
i don't understand how my mom has to pay for all of this damage when the inspector did a poor job and only looked at the outside of the house, and the incident was sudden.
what should my mom do? she bought the house a few months ago, and had someone come over to reinspect the house and tell her what she needed fixed. she did everything they said, but they never mentioned anything about broken pipes!
is there anything my mom can do to get some of the damage paid off by one of the people actually at fault? thank you and i am so depressed for my mom! she says she might have to work until she is 70! it makes me so angry these people didn't do their job thoroughly and now my mom has to pay probably thousands of dollars!? pls help!
"Without home insurance (some states even require flood insurance..."
Call a couple of lawyers in your Mom's area and tell them the situation. Generally, most lawyers give a free consultation. They will tell you if you can file a legal claim for negligence or the inspector's mistake and if it will succeed according to laws in your state.
The first issue I see here is the home inspection that was done. You said "the inspector...only looked at the outside of the house". Why didn't the inspector enter the home? That is what a home inspection is! Your Mom, or her representative, should have been at the house while it was being inspected so the inspector either didn't do his job at all, or someone allowed him to get away with the job half done in the first place. Which is it?
You say the house was reinspected for faults after purchase, is there proof/documentation of it? Was the inside of the house inspected as well? The pipes that were broken, are they visible? or behind walls? If they're hidden, there is no reasonable expectation for the inspector to have known there were broken pipes.
I'm sorry to only have more questions than answers for you. After you've made sure the types of documentation your Mom has for the inspection that was done, call up a lawyer. Unfortunately, many older homes have pipe issues like that and could cost thousands of dollars to fix. Without home insurance (some states even require flood insurance), there isn't much the insurance company is legally responsible for.
Note, if you decide to fight the insurance company on this issue attorney fees and court costs can be very expensive. (It may be better for your Mom to fix the damage and move on with better insurance.) On the other hand, a phone call from a lawyer could make the insurance company respond more favorably to the situation.
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Q. Will my homeowners insurance cover a condemned house? house is falling and inspector has condemned it.
"If you had a homeowners policy on the house..."
Not enough information.
See, if you had a homeowners policy on the house, and there was a fire, and as a result of that fire, the other half of the house started falling, AND you had "building ordinance or law" coverage on your policy, and the house was condemned (or even if it wasn't falling, but was condemned because a certain percentage was destroyed), then yes, it would be covered.
But if you just have a really old, neglected, unmainted house that's falling apart, and nothing HAPPENED to it besides gravity, then it's not sudden or accidental or unexpected, even - and it's not covered.
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Q. Do home inspectors have insurance and/or bonding? if they inspect a house you're buying, and it turns out to have very expensive problems they should have detected, but didn't, are they liable to you, and will their insurance or bond pay your cost?
they are not responsible..
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