Miami real estate news and information

Insuring a House with Roof Issues

If you’re buying a house with a limited-lifespan-left-on-the-roof , be prepared  for a hiccup or two.

As far as roof insurance goes:

If the home you’re buying has less than a year’s ‘life’ left on the roof, getting insurance may be virtually impossible. 

With 2-5 years of life left on the roof,   your insurance company may or may not write a policy for you, depending on who that insurance carrier is.

And if your insurance agent is willing  to write a policy on a roof with a limited lifespan,  once the paperwork is sent on to Citizens  (the main insurance provider in Florida),  Citizens will likely push it back …   requiring that you agree to install a new roof  within 90 days of closing.

Most insurance companies require that roofs  have a minimum of 3 years lifespan left, and no leaks, in order to issue a policy.

In buying and selling your home, we never forget that you have a choice. Looking for a knowledgeable Realtor?  Call us.  We look forward to making your next move a good one. 

The Restivo Team  –  EWM Realtors  – Vicki 305 793-1365  and Alexandra 305 632-0164

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