Finding an insurance company willing to insure homes with "knob and
tube' wiring won't be easy

" Of course that's exactly what every sane and rational person on this

newsgroup has been saying all along. Having said that, leave it to
Hallerb
to completely misinterpret the content of the link."

� � � � � � � � � � � � � � � I rest my case

oh i wish you would...........

now most people and everyone with a mortage has homeowners insurance.
so its more of a issue at home sale time......

who buying a home wants to have trouble getting homeowners insurance?
or pay a lot more for it?

why thats certinally going to help you get a nice fast sale at top
dollar....

NOT

In article 6b346bd1-dfc5-4d63-8d07-bb5f02856c29
@i12g2000prf.googlegroups.com, says...

now most people and everyone with a mortage has homeowners insurance.
so its more of a issue at home sale time......

who buying a home wants to have trouble getting homeowners insurance?
or pay a lot more for it?

I was very happy to find out the home I wanted to buy had K&T wiring.
That kept anyone else from making an offer on it, other than someone who
wanted to tear it down and rebuild.

Fortunately, I knew of one company that would be willing to make an
exception and sell me very stripped down homeowners insurance for a
rather high price (cash value, not replacement cost, very limited
coverage in other ways, for about double the price of standard
coverage).

Most agents you ask around here would say it simply isn't insurable, but
since it was my own house I didn't mind spending the time to get an
exception from the underwriters. (On the other hand, I couldn't bind
coverage in advance, it had to wait for an hours-long inspection by a
senior loss adjuster, so the house wasn't insured for the first week I
owned it..... Good thing I didn't need a mortgage.)

Sure, I spent hundreds extra on insurance, but I got the house for tens
of thousands less than it appraised for. Saved enough to pay for the
replacement foundation, too. (That was less of an underwriting issue,
there were several places I could have insured it with a broken
foundation, it's considered less of a hazard than K&T.)

--
is Joshua Putnam
http://www.phred.org/~josh/
Braze your own bicycle frames. See
http://www.phred.org/~josh/build/build.html

On Feb 9, 7:33�pm, wrote:
In article 6b346bd1-dfc5-4d63-8d07-bb5f02856c29
@i12g2000prf.googlegroups.com, says...

now most people and everyone with a mortage has homeowners insurance.
so its more of a issue at home sale time......

who buying a home wants to have trouble getting homeowners insurance?
or pay a lot more for it?

I was very happy to find out the home I wanted to buy had K&T wiring. �
That kept anyone else from making an offer on it, other than someone who
wanted to tear it down and rebuild.

Fortunately, I knew of one company that would be willing to make an
exception and sell me very stripped down homeowners insurance for a
rather high price (cash value, not replacement cost, very limited
coverage in other ways, for about double the price of standard
coverage). �

Most agents you ask around here would say it simply isn't insurable, but
since it was my own house I didn't mind spending the time to get an
exception from the underwriters. �(On the other hand, I couldn't bind
coverage in advance, it had to wait for an hours-long inspection by a
senior loss adjuster, so the house wasn't insured for the first week I
owned it..... �Good thing I didn't need a mortgage.)

Sure, I spent hundreds extra on insurance, but I got the house for tens
of thousands less than it appraised for. �Saved enough to pay for the
replacement foundation, too. �(That was less of an underwriting issue,
there were several places I could have insured it with a broken
foundation, it's considered less of a hazard than K&T.)

--
is Joshua Putnam
http://www.phred.org/~josh/
Braze your own bicycle frames. �See
http://www.phred.org/~josh/build/build.html

the ultimate loser in all this was the seller...........

which was my point from the beginning