Did You Get a "Non-Renewal" Insurance Letter in Castle Rock?
It is happening all over Castle Rock. Homeowners with older roofs (especially wood shake) or those in certain zones are getting dropped by their insurance carriers.
Q: Does this mean I can't sell my house?
A: No, but it makes it harder. A buyer getting a mortgage needs insurance to close. If the house is "uninsurable" by standard carriers, the deal dies.
Q: What is the solution?
A: We have two paths: 1) Pre-negotiate a roof replacement paid at closing, or 2) Market the home specifically to cash investors who self-insure. I specialize in these "Hard-to-Insure" listings.
Don't panic. Call me and let's look at your coverage options before we list.