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Homeowner’s insurance hang-ups

What makes a home uninsurable may surprise you

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Editor's note: This story has been updated to correct an error. State Farm continues to write new homeowner's insurance policies in some areas within California. After paying out huge settlements to clean up mold damage, homeowner insurers pulled back from issuing new policies on homes where a water damage claim had been made within the last five years. They also minimized their exposure to mold claims by excluding mold coverage altogether or limiting their coverage. Currently a common cap on such claims is $5,000, although this can vary from one company to the next. Some insurers are less concerned about water damage claims today. However, they are concerned about the profile of the insured. Homeowner insurers want to insure people who don't have a history of making claims. Some companies won't write a new insurance policy for someone who made a claim within the last three years. Insurer guidelines for coverage vary from company to company. And, individual companies' policie...