I have friends wqho attempted to sell homes with K&T no buyers could
get a new homeowners policy. one person never did sell.
my best friend found he could get a big savings by combining
homeowners with car insurance.
State Farm refused to sell him a policy. Not only over K&T but his
highly detoriated and patched front steps. the steps are different
heights thanks to the patching.
hey its your money and your hassle when you cant get a buyer. so enjoy
incidently several years ago my buddy with K&T smeled something hot,
and found a connection frying in the cieling.
Seems to be local/regional, and maybe come and go in some kind of
fashion swing. When we got insurance on our Toronto place in 2003,
several insurers declined to cover a K&T property; one major insurer
would do so only if we had it home-inspected by a particular (large,
well-established) home inspection firm.
So it's real for some people, in some places, at some times. And
apparently not so for others.
Some years prior the big thing was exposed "insul-brick", this roll-
asphalt fake-brick stuff that got applied over the clapboards of
essentially every house in the city sometime in the prior 50 years.
Couldn't find an insurer to cover a house with the stuff -- after
signing the offer to purchase. So we got the seller to agree to let
us, at our expense, have aluminum siding installed over it, prior to
closing. Obviously a risk that should the deal fail to close, we've
paid to improve someone else's house. Ehh, you take some chances.
How did the others sell? Some companies won't insure with K&T, but if
no buyers could get policies, perhaps inspectors had found specific
problems. For example, K&T rated for 15 amps might be connected to a
circuit protected by a 20-amp breaker. Some K&T wiring has the neutral
side switched. Some may have splices in walls.
Steps that are not equal are dangerous.
Last year I got a refusal-to-renew notice because an inspector had swung
buy and seen peeling paint on the fascia board of a 10x12 open shed, a
crack (60 years old) in the wall of my cement garage, and lifting
My agent immediately found me cheaper coverage from a company with
The five missing shingle tabs had disappeared on a day of 60-mph
sustained winds. I had assumed this meant I'd have to reroof soon. I
discovered that the roofing was still pretty good. The broken shingles
were easy to replace.
Was disaster imminent? K&T uses air to prevent shorts and dissipate
heat in the event of a hot connection.
well your post confirms homeowner companies are doing drive by
my friends connection was burning at the time he found it, which could
happen with any wiring but his K&T has no boxes.
he had stuff on shelves under the burning connection he coud of lost
the entire home.
around here news has had stories where cracked uneven sidewalks can
get your existing homeowners not renewed, trip hazard.
one elderly lady had a tree towering over her home, insurance said no
renewal, the tree mght have fallen and flatened the house
in this case a tree company came to her rescue and removed it for
free, she was near 90 years old and couldnt afford the several
thousand dollar tree removal bill.
remember insurance companies goal is to make money and part of that is
to minimize risks
I imagine a smoking connection will not itself cause a fire if the
insulation will not support a flame and nothing flammable is against it.
When I've replaced ceiling lights that had K&T wiring, I've replaced the
wiring with NM cable. I think a porcelain fixture with screw terminals
a couple of inches apart was safe with K&T, but I can't remember if I've
seen fixtures that weren't connected as safely.
A national company had taken my policy from a regional company. I
wonder if inspectors had orders to find reasons to dump a lot of policy
holders in order to limit the company's exposure in this area, in case
of a disaster.
In this state, an insurer can put up to half their policy holders into
the reinsurance facility. Ostensibly it's for high-risk drivers, but
the insurer doesn't have to give a reason. In more than 40 years of
driving I've never had a ticket or been involved in an incident that
resulted in a claim, but I'm in the facility and they won't say why.
What it really means is that if I ever get a ticket, I'll have to pay my
insurer a huge surcharge. Insurance can be profitable when the industry
owns the government.
If you owned a insurance company would you want to insure homes in
poor condition? thus putting you at greater risk to pay claims?
remember homeowners insurance is pretty cheap.
600 bucks a year to insure a home and contents worth easily over
$200,000.00 and perhaps far more
Its not so much in what they don't ask, it is more about the list of
in the policy coverages that MOST consumers never read and are baffled
when some claim is denied...
Read all several hundred pages of your insurance policy contract
all of the fine print before you start making statements you really
prove that are sweeping generalizations about insurance policies that
incorrect and not valid...
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