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  1. #1
    Trying2Settle is offline Junior Member
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    House Insurance on Estate Property

    What is the name of your state? Oklahoma

    My father passed away Sept. 06. He had 4 vehicles and a house insured with the same company. I had informed the insurance company of his passing back in Sept 06. Today I got a notice and a check of the remaining premium in the mail saying they were canceling the home owners policy. The reason given is: "This home is no longer owner occupied by the "named insured" on this policy, which makes coverage ineligible". I had just recently renewed the home owners policy in June, and nothing was mentioned about this issue. And they haven't canceled the vehicle insurance.....yet.
    Can they do this on an estate property that's in probate?

    Thanks for your help..What is the name of your state?
  2. #2
    moburkes is offline Senior Member
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    Quote Originally Posted by Trying2Settle View Post
    What is the name of your state? Oklahoma

    My father passed away Sept. 06. He had 4 vehicles and a house insured with the same company. I had informed the insurance company of his passing back in Sept 06. Today I got a notice and a check of the remaining premium in the mail saying they were canceling the home owners policy. The reason given is: "This home is no longer owner occupied by the "named insured" on this policy, which makes coverage ineligible". I had just recently renewed the home owners policy in June, and nothing was mentioned about this issue. And they haven't canceled the vehicle insurance.....yet.
    Can they do this on an estate property that's in probate?

    Thanks for your help..What is the name of your state?
    Yes they can. And they especially want to do it if the house is vacant.
    My new signature:
    Originally Posted by arazi
    I'll take you on one-to-one in a volcabulary test anywhere, anyplace, anytime.
  3. #3
    Trying2Settle is offline Junior Member
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    So what do I need to do to get new insurance? Is it possible that the insurance company might insure this property if we write a different type of contract?

    Thanks
    Last edited by Trying2Settle; 08-28-2007 at 09:43 PM.
  4. #4
    moburkes is offline Senior Member
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    Ummm. Shop around. Call your agent. Open the yellow pages. You can try a company called Foremost.
    My new signature:
    Originally Posted by arazi
    I'll take you on one-to-one in a volcabulary test anywhere, anyplace, anytime.
  5. #5
    Trying2Settle is offline Junior Member
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    So the property is not un-insurable just because no one lives there currently.
    Better customer service by them would have been to just call and say that we needed to change the policy? I would have liked that much better. My father had been with this company for 50 yrs and I also have my property and vehicles insured with the same company for 20+ yrs. There seems to be no loyalty to good long relationship customers anymore.

    Thanks...
  6. #6
    moburkes is offline Senior Member
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    They have no obligation to do what you've asked. Most insurance company won't do what you've asked. You're asking for too much.
    My new signature:
    Originally Posted by arazi
    I'll take you on one-to-one in a volcabulary test anywhere, anyplace, anytime.
  7. #7
    tammy8 is offline Senior Member
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    I can't even name a company that will insure a vacant home and the ones that I have heard about will insure tham at about 1000X the cost of regular insurance. OP what are you going to be doing with this property? It sounds like time to make a decision and either sell or put it in your name to use as a secondary home or rent out.
  8. #8
    moburkes is offline Senior Member
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    Quote Originally Posted by tammy8 View Post
    I can't even name a company that will insure a vacant home and the ones that I have heard about will insure tham at about 1000X the cost of regular insurance. OP what are you going to be doing with this property? It sounds like time to make a decision and either sell or put it in your name to use as a secondary home or rent out.
    I can't think of the name of the company that I used to write them with, but you are right, they are EXPENSIVE. The 3 month premium on it is about 4 or 5 times more expensive than what you'd pay for an annual premium if the house was owner occupied. Foremost offers less coverages, but is still expensive.
    My new signature:
    Originally Posted by arazi
    I'll take you on one-to-one in a volcabulary test anywhere, anyplace, anytime.
  9. #9
    sjmjuly is offline Member
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    Call an independent agent that has access to many insurance carriers. They will be able to find a carrier that writes vacant dwellings, but it will be for a price. They will probably write it for three months at a time, and the coverage isn't that great. It usually excludes vandalism. Some non-standard carriers will only write a vacant dwelling for a period of 12 months. You will just have to ask.
  10. #10
    seniorjudge is offline Senior Member
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    I have often insured houses (i.e., had them insured) that are vacant and that I am trying to sell.

    The insurance rates don't seem all that unreasonable to me.

    Just a thought....
    There are two rules for success:

    (1) Never tell everything you know.
  11. #11
    sjmjuly is offline Member
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    Quote Originally Posted by seniorjudge View Post
    I have often insured houses (i.e., had them insured) that are vacant and that I am trying to sell.

    The insurance rates don't seem all that unreasonable to me.

    Just a thought....

    Does the insurance company know they are vacant?????? I am the Chief Operations Officer for an insurance brokerage in WA DC and know first hand that standard insurance carriers don't like insuring vacant dwellings.
  12. #12
    seniorjudge is offline Senior Member
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    Quote Originally Posted by sjmjuly View Post
    Does the insurance company know they are vacant?????? I am the Chief Operations Officer for an insurance brokerage in WA DC and know first hand that standard insurance carriers don't like insuring vacant dwellings.
    Hmmm...yeah, when I ask for insurance on unoccupied houses, the insurance agent usually catches on pretty quick....
    There are two rules for success:

    (1) Never tell everything you know.
  13. #13
    moburkes is offline Senior Member
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    Quote Originally Posted by seniorjudge View Post
    Hmmm...yeah, when I ask for insurance on unoccupied houses, the insurance agent usually catches on pretty quick....
    ROFLMAO!
    My new signature:
    Originally Posted by arazi
    I'll take you on one-to-one in a volcabulary test anywhere, anyplace, anytime.
  14. #14
    sjmjuly is offline Member
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    Quote Originally Posted by moburkes View Post
    ROFLMAO!

    Go groom one of your dogs,,,,I mean kids. Well they probably look similar.
  15. #15
    moburkes is offline Senior Member
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    Quote Originally Posted by sjmjuly View Post
    Go groom one of your dogs,,,,I mean kids. Well they probably look similar.
    I'm so glad that I put dog grooming down as an occupation. It makes stupid people say stupid things when they believe that they are "one-upping" you.
    My new signature:
    Originally Posted by arazi
    I'll take you on one-to-one in a volcabulary test anywhere, anyplace, anytime.

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