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peggyclark
Insurance for homes with bx wiring

We are trying to sell our 1945 built home, and are running into a problem with the buyer getting insurance because of the bx wiring. Everything seems to be up to code, but he ca not find insurance coverage. Any suggestions? Thanks

dj1
Re: Insurance for homes with bx wiring

Has he checked other insurance companies?

These insurance carriers have their reasons not to insure certain homes. There is almost nothing you can do about it.

Worst case: have the wires replaced, to comply with local codes and insurance company requirements. Sometimes sellers and buyers do things that they don't like to do, so they can close a deal.

johnjh2o
Re: Insurance for homes with bx wiring

This is the first I have heard of this with BX wiring. Have run into it with aluminum wiring. What is the problem with BX?

MLB Construction
Re: Insurance for homes with bx wiring

there has to be an insurance company that covers bx wiring, tons of homes have it.....never heard of this issue before

function
Re: Insurance for homes with bx wiring

This is probably just one carrier with an underwriting department that has gone a bit silly.

The buyer may have to seek a new carrier, and maybe a new agent.

peggyclark
Re: Insurance for homes with bx wiring
MLB Construction wrote:

there has to be an insurance company that covers bx wiring, tons of homes have it.....never heard of this issue before

I guess this is new. Our house actually meets the codes, but insurance companies (multable ones) will not cover. I am sure there is one out there just wanting more money. Just need to find them. No one around here has heard of this either. This is holding up the sale. I am worried. That's why I have reached out for info.

dj1
Re: Insurance for homes with bx wiring

Another question: why can't the buyer continue with your present insurance company? Your house is insured, isn't it?

JLMCDANIEL
Re: Insurance for homes with bx wiring

Never heard of BX being a problem, Are you sure it is not due to the age of the wiring?

Jack

Fencepost
Re: Insurance for homes with bx wiring

Some very old BX cable has rubber-insulated wires with a cotton overbraid. The insulation can become brittle and crack. The steel jacket can become rusty, compromising its ability to act as a ground. In many installations, the grounding path provided by the steel jacket was incidental rather than planned that way. It may also be the lack of a dedicated grounding conductor that is scaring away the insurance company.

Try the Farm Bureau insurance program in your state (it may be under a different name; in Washington state it's Country Financial). They are usually pretty good about insuring older homes and rural properties.

HoustonRemodeler
Re: Insurance for homes with bx wiring

Give the insurance companies a few minutes and they may change their minds.

I used to have trouble getting insurance for my home, which I shop for each year. Now there are no problems.

Mastercarpentry
Re: Insurance for homes with bx wiring

The only problem I've encountered was due to age or aluminum. Stare Farm insures my Mom's house and has given her a time limit to upgrade from the 1950's 2-wire fused system she's got or they will raise the rates but they will not drop her. I've heard similar stories from others. If you can pay the premium you can insure almost anything- but that may mean going to a spe******t and not your usual agents.

I too think the best thing to do is ask your current agent if the coverage is transferable to a new owner or if they will issue a new policy to them. They don't want to say no to an existing customer who probably has other policies with them and is likely going to insure their new home with them too when they move out, but they might say no to someone who isn't doing business with them already such as your prospective buyer.

Phil

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