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Can an insurance company use loss history from the prior owner of a home in determining my eligibility to get insurance on the home?

April 26, 2017COMPANY determining eligibility History Home Insurance loss owner prior

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Can an insurance company use loss history from the prior owner of a home in determining my eligibility to get insurance on the home?

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If a company can show a relationship between the prior owners loss and the probability of a future loss to the home, they may use the information. There are no laws that specifically govern the use of the prior owners loss history in determining your eligibility for coverage.

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If a company can show a relationship between the prior owner’s loss and the probability of a future loss to the home, they may use the information. There are no laws that specifically govern the use of the prior owner’s loss history in determining your eligibility for coverage.