Homeowner's Insurance question
We recently received a letter from our homeowner's insurance company saying they would be sending a photographer out to update their files, etc. The photographer came out here a week ago and today we got a letter stating that the insurance company will drop our liability coverage if we don't re-roof our home and add a railing around our porch in the next 2.5 months. Our roof IS very old but not leaky and we'll replace it next summer when we add a second story above part of the house.
When we bought this place 8 years ago the ins. co. said they'd only cover the roof for actual cash value -- basically nothing -- until we re-roof. Fine. We've been happily paying premiums until now and have never had any kind of insurance claim. Why play the extortion game with excellent customers?
Has this happened to you? I'll call our agent/broker tomorrow first thing, but wondered if anyone else has dealt with this type of event.