Reply to what happens if you get dropped from home owners insurance?

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[quote=Anonymous][quote=Anonymous]The high end home we bought 5 years ago has been a disaster.  We have had 3 major water damage claims in 3.5 years  (all due to equipment failure, not our mistakes.  Two were very likely related (repairs of one bathroom issue caused the shower liner to crack which caused the next issue but because we couldn't prove that was cause they were treated separately).

I'm worried USAA is going to drop us.  The two other companies I've talked to so far have both said they don't take new clients with ANY water damage claims in last 5 years.

What do you do if no insurer will cover your house?  We could pay off our mortgage in theory but obviously that would be incredibly risky to not have any insurance on our house.  We could financially handle an extremely high deductible but I don't know if there's even an option to negotiate coverage if you're will to have that.

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This is why you do NOT make insurance claims unless it is astronomical damages, especially with water damages.

We keep a $10K deductible on our home and know that we'd only file a claim if it was $20-25K+.  Because even if you file a $15K claim, you run risk of paying significantly higher rates for 3-5 years and also of being dropped.

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