A client asked me today if I knew of any insurance companies in Canada (Hamilton, Ontario) that will insure a property with K+T wiring. I know that some companies are more lenient than others and will insure if the K+T is in good condition, but I can’t remember the company names.
If he purchases the property, he will definitely remove the K+T, but he’s questioning how the current owner, who bought the house in 2004, could get the place insured. I explained that not all homes are inspected prior to purchase (pity), that not all inspectors will catch Knob and Tube, and that not all homeowners are 100 honest with their insurance companies.
Anyone know of insurance companies that will insure with live K+T wiring in place?
Thanks in advance.