Denied Homeowners Insurance Because of BK Less than 10 Years Old

[Anonymous]

I was shopping for better homeowner's insurance to get full replacement cost and was denied insurance because my BK was back in 2001, even though I have owned my home for 3 years and have never missed a payment.

Has anyone else encountered this?

I continued to shop around and found excellent coverage but was shocked to be denied homeowners insurance because of an old BK.

[Anonymous]

Some companies sell insurance like lenders sell loans....only to premium customers.  And certain issuers have "no bk" policies.  This will not prevent you from getting a policy elsewhere, but will from that company.  Credit is used in all types of underwriter review for insurance products.

[Anonymous]

DisciplinedSpending,

That's helpful to know.  What company refused because of bk?  Where did you find good coverage w/bk?

[creditchief]

Try allstate I just was accepted by them with a recent bk13.