Homeowners Insurance with No Inspection

While it may be possible to obtain homeowners insurance with no inspection of the property to be insured, this may not be the best idea in most cases. Many homeowners are concerned that their home may not be in good condition and thus will be denied coverage by insurance companies; this is typically not the case. Unless the home is in utter disrepair, it is usually possible to find an insurance company willing to offer basic coverage for the property. Local insurance brokers are often especially helpful in this regard as they work within the community and can sometimes offer short-term policies to cover the property while repairs are being made.

Some national companies may provide homeowners insurance with no inspection; however, this is rare and often reflects a lack of proper diligence on the part of the insurer rather than real flexibility. Reputable insurance companies require accurate knowledge of what is to be insured in order to fairly assess rates and coverage levels. It’s essential to beware of companies that offer homeowners insurance with few questions and no inspection; these typically write policies with numerous exclusions that may provide no real coverage at all for your home and property. While these policies may technically fulfill the requirement for home insurance, they do not actually provide any benefit; most lenders will not accept such policies as protection for their investment in your property.

While consumers may find it difficult to find homeowners insurance with no inspection required, they can typically obtain insurance through their state’s FAIR plan, which provides last-resort coverage for homeowners who cannot insure their property through any other method. These plans offer basic homeowners insurance regardless of the condition of the property with additional coverage available at an added cost. These plans are provided by licensed property insurance agents to assist homeowners in insuring their homes, and are intended to provide a basic level of insurance to allow homeowners to repair or remodel properties that would otherwise be uninsured. FAIR insurance policies are available through participating insurance agents throughout the United States.