Dear Monica: I am selling my home and have good property insurance. Will my buyer be able to get insurance coverage too? Robert T.
Dear Robert: You shouldn’t assume that your buyer will find insurance easily. Some insurance carriers are not writing new policies and your buyer may have trouble finding coverage.
Things you can do now to anticipate what a carrier will want include installing a non-shake roof, providing defensible space if the property is in a high fire area, converting knob and tube wiring to modern wiring, and making sure your electrical panel is safe and that outlets are grounded. Doing these things should help your buyer obtain insurance but is not a guarantee.
