GOT MOLD?
"Got milk"? Well that might be good, but if you've "Got Mold" - or have made a claim based on water damage - you might find you haven't got insurance!
Even if your insurer isn't looking into your water problems, they are looking into the profiles of their insured. Made a claim in the past 3 years? Some companies won't write you a new insurance policy. If you've made a claim, and you move, your best bet is to stay with your existing insurer.
Insurance can be tricky with older properties. For example, knob & tube wiring - or other outdated systems - may render a house un-insurable. With older homes, it's a good idea to pay for a code upgrade rider. This doesn't cost much when you consider what it would cost to upgrade an older home to meet current code requirements in case of a catastrophic loss.
Knowledge is power. As a well-informed realtor, I can help you avoid unpleasant surprises!
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