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Home Insurance Question from Safety Harbor, Florida

Asked on 5/16/2019.   This question has received 51 views.
Homeowners claim paid in 2014 but I never made repairs.   Claim made in 2014 for water damage. Instructions with payment indicated repairs to be made in 6 months and receipts sent to ins. co. Due to medical problems repairs were not made. I contacted ins. co. twice and asked for an extension. They said no problem. My wife has died and I'm 80 and have had open heart surgery. So at this point I don't want to make repairs. Am I required to do so?

Answer given on May 21, 2019

If your insurance company has paid you to make repairs to your home and you have not done so for 5 years, I am surprised the insurance company has allowed this to go on for so long. Since they granted extensions, you are not in default. However, if you do not intend to make the repairs now, you will have to speak with the insurance company. They will most likely want you to make the repairs if they are going to continue to insure the home. If you do not, they can demand a refund of the money they paid you to make the repairs and can decide to non renew your insurance policy since the repairs will affect the insurability of the home going forward.

if they non renew the insurance, you will have a major problem getting replacement insurance since the repairs were never made, let alone that your insurance was cancelled.  I strongly recommend that you proceed with the repairs as soon as possible. Anyone who may get ownership of the home if something happens to you will have to face the problem of the unrepaired damage with no resources to fix it.

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