What is the name of your state?Louisiana
I purchased a large house over a year ago in an area affected by the hurricane. At the time of purchase it was close to impossible to find a company willing to give me homeowners insurance, as the house was built in the 1920's and had knob and tube wiring and an asbestos roof. I finally secured a policy, but it is very expensive and even more expensive for a builder's risk poilcy. I told the insurance company I would be living in the house while under renovation to avoid the excessively high premiums under builder's risk. I found out that I could not live in the house, as there was extensive termite damage. I neglected to inform the insurance company that I would not be living in the house during renovation.
We were half finished with the renovation when the storm hit. We have no sheetrock up yet and the wind blew off some temporary plywood and broke out a couple of windows. I read today about the torrents of rain going through the city. Likely, there will be water damage to the wood flooring and framing from rain entering the gaping holes in the house. There was no flooding, as this home is on a street above sea level.
Up to this point I had not planned on contacting the insurance company for fear that they would cancel my policy after the adjuster finds that I am not living in the house. My question is this: Can they drop me and would you risk contacting the insurance company and submitting a claim, or, would you just eat any water and wind damage?
I purchased a large house over a year ago in an area affected by the hurricane. At the time of purchase it was close to impossible to find a company willing to give me homeowners insurance, as the house was built in the 1920's and had knob and tube wiring and an asbestos roof. I finally secured a policy, but it is very expensive and even more expensive for a builder's risk poilcy. I told the insurance company I would be living in the house while under renovation to avoid the excessively high premiums under builder's risk. I found out that I could not live in the house, as there was extensive termite damage. I neglected to inform the insurance company that I would not be living in the house during renovation.
We were half finished with the renovation when the storm hit. We have no sheetrock up yet and the wind blew off some temporary plywood and broke out a couple of windows. I read today about the torrents of rain going through the city. Likely, there will be water damage to the wood flooring and framing from rain entering the gaping holes in the house. There was no flooding, as this home is on a street above sea level.
Up to this point I had not planned on contacting the insurance company for fear that they would cancel my policy after the adjuster finds that I am not living in the house. My question is this: Can they drop me and would you risk contacting the insurance company and submitting a claim, or, would you just eat any water and wind damage?