I agree wholeheartedly dude, but It doesn't matter how you throw the logic at insurance companies, unless you're a $10M LP you will be denied as soon as you mention MMJ! Sad, but true...at least until we get a Phelan decision, or legislation from JT.
Nor am I, but being denied a new policy put me in a sticky situation with my mortgage company. You cannot get a mortgage in Canada without a minimum of fire insurance. I went for two months with out a homeowners policy, which is actually a default on the mortgage...oops! In order to get that fire insurance, you must first find an insurance company that will insure MMJ as a risk....right now you can't.
Why tell the insurance company your growing? Yes I realize if something did happen..your fuct. You just have to be comfortable with a degree of risk...IMONor am I, but being denied a new policy put me in a sticky situation with my mortgage company. You cannot get a mortgage in Canada without a minimum of fire insurance. I went for two months with out a homeowners policy, which is actually a default on the mortgage...oops! In order to get that fire insurance, you must first find an insurance company that will insure MMJ as a risk....right now you can't.
Luckily I was able to find coverage with Lloyds of London, which has a special policy set out for "former MMJ grow ops". Lloyds was the only one, no insurance company in Canada would touch me even as former MMJ Op completely shut down. So what my mortgage company doesn't know about the 2 months of no coverage...won't hurt them!
Canadian homeowners insurance policies in every province all now ask the question "has MJ ever grown in the residence...medical or not?"
Not in my recent experience dude. They all want an on-site inspection these days, including interior/exterior pics. Same deal with my recent mortgage refinancing. The bank wanted fresh appraisal, and I had to walk the guy through my whole house.
That's not the norm, at least not in regular subdivision houses. Must be the mortgage company/insurer you're dealing with, you're in a unique property, or you're flagged in their system. I bought the place I'm in 3 years ago, just renewed my mortgage with a new lender and changed my insurance company at the same time. No appraisers, inspectors or the like. Pictures of the outside of the house showing the construction for replacement value purposes, that was the extent of it. Only other on-site inspections I've experienced were for a country property I sold because it had known fireplaces installed and they want to see that they are installed to current spec. But that was it, they inspected the areas where the 2x fireplaces were installed, not a general inspection of the whole house. If you were getting an appraisal, that would justify a complete house/room inspection, but renewing insurance, that's a policy from the company you're dealing with.
Yeah, mine was just concerned with pics to confirm the all-brick construction as some houses on the street are a mix of brick/siding, other than that it was like whatever. I didn't fight them - lol
We have a rural property, 1+ acres.
No HID clauses, they have "MJ grow op" clauses. Check your the fine print of your current homeowners policy, it's there!No home INS companies ask you if you grow MJ and they take clients over the phone.
You do not need to tell your INS company about some plants or lights in your house if they are use according to how they should be used.
It's not like INS companies have HID clauses.
Are ya sure you were not FLAGGED by an INS company due to prior arrest?
Sounds very possible.either that or you sell INS
I dont think anyone wants the insurance industry to become a regulator...fuck that noise...building permits should solve any concerns those fuckers would have.
