[quote=svelte]Not to freak you out, but some insurance companies avoid insuring homes that have had prior claims, even with other owners and insurers. You may want to check with your preferred insurer. I wouldnt mention the prior claim(s) but instead get a quote just to see if they balk.
Besides what was mentioned by other posters, something that would cause me to seriously rethink the purchase would be aluminum wiring…usually only an issue in homes built 1969 to 1975[/quote]
svelte, I don’t know how long one of the Big Insurance Computers in the Sky (CLUE) has been in place but if that leak was fixed 20 or more years ago with insurance proceeds, it is possible that it fell into a deep dark hole by today, meaning CLUE doesn’t know about it.
Good advice to NOT MENTION the former leak which was listed on sellers’ Transfer Disclosure Statement (but happened at least two owners ago) when getting a insurance quote for a binder.
I’m actually surprised Canadian’s seller disclosed the leak at all, since it apparently didn’t happen on their “watch.”
