Homeowner Insurance Claims
When you make an offer to purchase a home, insurance should be on your list of due diligence as you order inspections. Homeowners insurance claims tend to “stay” with the home when they transfer owners. The claims of a prior owner can affect your ability to purchase insurance at a reasonable cost. The history of a homeowner’s insurance claims are available to insurers from a database known as the Clue Report. Be sure the sellers disclose to you any claims that have been made on their policy.
A few of the other items that affect the cost and availability of insurance are hillsides, flood zones, and high fire brush zones.
The bottom line is check with your insurance agent before you remove your inspection contingency
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