If someone buys a storm damaged foreclosed home and the damaged was not repaired by the previous owner will the new owners insurance company insure the home with those existing damages?

Depends.... Depends on the scope of the damage. Usually if it's minor, the insurance company will insure, make note and ask that it be repaired asap. If the damage is substantial, most insurance companys will pass.

Suggest you get a local agent involved EARLY in the process to allow them time to inspect and work w/ the company underwriters to come to a decision.

Hi Hamlin here,How can i insurance of my damaged house..?anyone suggest me please

Hi,
I think, it all depends on the conditions they have put in the insurance policy. Ask the old home owner first, if he/she is having any such cover in the policy or not.

Go to the nearest real estate investors group. The average agent
is not familiar with companies and the policies available for this type of property. Many investors rehab properties in as bad of condition as this one probably is and get insurance, of course no one will be living there until it is fixed and then you get an appropriate new policy the average agent knows about.

Hello, Things to consider in regards to purchase of home in need of repairs. 1st. will the property be vacant while the repairs are being completed? Remeber, home insurance policies have clauses in their contracts that restrict coverages on vacant properties.
2nd. A builders risk/remodel policy will provide coverage for the term that repairs are being completed. However, they do not provide liability coverage. Independent Agents do have access to vacant/remodel policies that do include liability coverage.

Yup that's the right answer! Throw light over here.