Why is my current insurance company denying a policy for my new home?

Why would my current insurance company deny a policy on my new home due to a past claim on my existing home? There was a nasty windstorm about two years ago and I had to put in a claim for my roof. It ended up being a complete tear-off and cost about $16,000. Now I am moving into a new home and my current insurance company denied coverage for my new property. I've only had one claim with them.

Answer
“Even though your current homeowner’s insurance company made a payment on your most recent claim and has no official reason to cancel your current policy, this does not mean they are required to offer you a new policy.
Insurance companies are driven by statistics. Statistically, when a customer has one claim, they are more likely to file another claim in a short amount of time. A wind and hail claim is not in any way your fault, but a $16,000 claim may be outside of their guidelines to offer you a new policy so soon.
It would be best to speak with your agent in this situation to see exactly why they declined your new policy.
Any time you have life changes, it is a great time to re-evaluate both your home and auto insurance policies. By bundling both your auto and home insurance together, you can save on both policies with a multi-line discount.
Using a free app like Jerry will help make this happen! Jerry collects auto and home quotes from over 50 carriers and brings the lowest available rates right to the app on your phone.”
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Shannon Martin
Answered on Jul 27, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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