8 Important Home Insurance Issues for Simi Valley Buyers & Sellers
Selling & Buying Simi Valley Real Estate? These 8 issues can make or break your sale or purchase of Simi Valley Property.
Insurance Check List:
- Is the Simi Valley property near or close to open space? Is this a issue with you or your buyer’s current insurance company?
- If you or your buyer are transferring to Simi Valley from another state, is the insurance company you or your buyer are currently with, writing homeowners insurance in Simi Valley California?
- Does the buyer have a breed of dog that their insurance company does not cover or creates issues?
- Do you or your buyer have excessive losses on previous properties that makes you or your buyer ineligible for most insurance companies?
- Is the Simi Valley property in a flood zone where the lender is going to make you or your buyer obtain flood insurance?
- Are you or your buyer planning to use part of the Simi Valley property as a business, which would make you or your buyer ineligible for homeowners insurance through a traditional company?
- Is the Simi Valley home in an association? (Loss assessment coverage should be included in the homeowners insurance coverage).
- If the Simi Valley home is written through California Fair plan, have you or your buyer also obtained a company to write the “Companion policy”?
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Author – Ted Mackel Simi Valley Real Estate Agent – Keller Williams Realty
Ted Mackel is a top producer at Keller Williams Realty Simi Valley,
specializing in Simi Valley Real Estate
(805) 432-7705
Good points Ted. We often find these issues to be challenging underwriting factors at Rancho Simi Insurance. When we noticed this to be a problem we researched carriers that welcome & adapt to cover these risks. Let us know if you have a client thata has a problem with the insurance and we will assist.