buyer tips: Please Get Rid Of The Knob & Tube Wiring!
- 11/30/06 03:42 AM
One of the most important revelations of a home inspection I attended yesterday was that the home, built in the 1940's, still has some live knob and tube wiring. Why was this important? Well, my client will be unable to obtain basic homeowners insurance on this home as long as this old wiring is still active. No insurance-no loan-no deal!
This wiring type was used in homes built prior to the '50's and does not include a ground wire, making it unsafe it the eyes of many insurers, including Citizens, the insurer of last resort in Florida. The cloth insulation deteriorates … (22 comments)
One of the most important revelations of a home inspection I attended yesterday was that the home, built in the 1940's, still has some live knob and tube wiring. Why was this important? Well, my client will be unable to obtain basic homeowners insurance on this home as long as this old wiring is still active. No insurance-no loan-no deal!;)
;)
