Mortgage and Realtor Resources

Home Insurance Checklist

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The insurance industry has hardened. Due to storms, AOBs (Assignment of Benefits), and rising costs of reinsurance, carriers have tightened underwriting guidelines. At least 8 carriers are still closed for new business. Use the below checklist to keep your home in compliance with insurance guidelines.

  • Roof Age:
    • Less than 15 years for architectural Shingles.
    • Less than 10 years for 3-tab.
    • less than 20 years for metal.
  • The water heater must be less than 15 years old.
  • HVAC must be less than 20 years old.
  • Plumbing:
    • Galvanized plumbing is limited to only a couple of carriers which are closed in several zip codes.
    • PEX plumbing must be 2005 or newer
  • Electrical Panels:
    • Must have at minimum 150 amps.
    • Federal Pacific, ZInzco, StabLock, Challenger, and Sylvania ARE NOT ACCEPTABLE.
  • Additionally, hurricane claims for both the buyer AND the seller must be closed.
  • The property will have to be underwritten to current guidelines regardless of current policy status.

Contact Gulf Coast Insurance with any questions or concerns at (850) 497-6810!