Insurance Issues Popping Up

Real Estate Agent with Innovative Realty Solutions Group BK3158345

I got an email from a well know agent in my area stating a few age issues.


Once a home reaches a certain age (not defined), has an older roof, plumbing or aluminium wiring, the home is not eligible for a standard policy. 


Here's the info:


Plumbing: updated in the past 20 years, no poly pipe for all companies.  Must be replaced.  Water Heater must be 14 years or newer.


Electrical: must be updated in the past 20 years, no aluminum wiring, no cloth wiring (must be removed).


Roof: Shingle roof must be less than 12 years old, Flot Roof must be less than 10 years.  Tile roof must be less than 20 years.


This will have a significant effect on both buyers and sellers.  Talk to your sphere of insurance agents.  I'm in Florida.  Things may be different elsewhere.




Comments (3)

Brenda J. Andrew
Professional Realtor in Conroe/Willis, TX

Thanks for sharing this Dee.  I need to check with insurance companies in our area and see if the same rules apply.  This will really hurt sellers trying to sell, especially with the electrical issues, plus the shingles less than 12 years?  That is interesting.  Thanks again for sharing, have a great day!  I'll have to let you know if I hear of these same things in the Coastal Bend of Corpus Christi TX.

Aug 11, 2021 08:07 AM
Dee Toohey

It's showing up here, too.  Let us know how you make out.

Aug 13, 2021 05:21 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Good Information for selling in FL.  I am in CT and depending on type of roof,  there are usually few issues.  A furnace can be an issue if it is older that 15 years, and all insurance cos want to know regarding electrical are whether breakers are installed and for an older home no early nob and tubing

Aug 11, 2021 08:57 AM
Dee Toohey

Thanks for the info about Connecticut, Ed.

Aug 13, 2021 05:20 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Dee, for sharing this personal experience.

Enjoy the holiday weekend.

Sep 04, 2021 12:17 PM