HOMEOWNER'S INSURANCE  - RECENT POLICY CHANGES AFFECTING HOME BUYERS

Composite Roof

As a licensed Realtors in Kansas and Missouri, Daniel Bennison and I learn something different about the changing KC real estate market every day.  Last month a client of ours bought a house in Kansas City, Missouri and when she tried to get insurance for the house she had under contract, she got rejected.  It turns out the inspection had revealed that her house has a composite roof that was laid over a wood shingle roof.  Evidently many insurance companies have recently stopped providing insurance for homes with wood shingle and composite layers.  An amateur could not have noticed that the roof was two layers - in fact the roof looked like it was in perfect condition.  Anyway, my client was finally able to find an insurance company, but they charged her a higher rate because of the roof.  So - buyer's beware!  Make sure you are prepared to shop around for an insurance company if you encounter this problem.     

  Visit the Bennison-Byram Team website for more information about Kansas City and Prairie Village homes and about the $8000 Tax Credit Extension and Expansion!!  We sell homes anywhere in the KC Metro area and we specialize in Prairie Village Homes.  The Bennison Byram Team are advocates for home ownership!!  Get the help of a neighborhood specialist like Laura Byram with the Bennison Byram Team.  Laura lives in Prairie Village and works in P.V. and surrounding areas, specifically Fairway, Overland Park, Lenexa, Leawood, Roeland Park, Waldo, Brookside, and Kansas City.  

Click on the link below to find a knowledgeable Realtor 

Daniel Bennison, Laura Byram

Bennison Byram Team Realtors

Neighborhood Experts in Prairie Village and Overland Park

http://www.jocohomesmls.com

http://www.db.reeceandnichols.com

http://www.lifeinoverlandpark.com

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Do you disagree or agree? Do you dislike or like us? Let us know! Leave a comment.

Daniel and Laura Bennison

Bennison Team Realtors

Neighborhood Experts in Prairie Village and Overland Park

http://www.jocohomesmls.com

http://www.db.reeceandnichols.com

http://www.lifeinoverlandpark.com

Bennison Byram Team

 

2 Comments on HOMEOWNER'S INSURANCE CHANGES IN POLICY

NOV
22
2009
536,310 Points 38 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Thanks for the heads-up!

If this is at all common, it maybe time to add an insurance contingency to your O & A.

Bill
9:05pm • #1
DEC
18
2009

Great information. For this sort of risk, many insurance companies want the home to have a certain replacement cost value. Lower priced homes (under $250,000) probably don't make the cut. Have your agent consult his underwriter for the specifics.
6:01pm • #2

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Bennisonbyram

Daniel Bennison

Prairie Village, KS

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Reece & Nichols Mission Hills

Address: 7455 Mission Road, Prairie Village, KS, 66208

Office Phone: (913) 787-6354

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Daniel and Laura Bennison with Reece & Nichols Prairie Village talk about some of the latest trends and customs in the Kansas City Metro real estate market. We provide tips for For Sale by Owners and other homeowners looking to sell their house. Our goal is to add as much value as possible to our clients. Our blog is one of the outlets for potential clients to get to know us or past clients to keep a pulse ot the Kansas City real estate market.


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