If your home fails its inspection, you’ll need to fix the damages. Then get your home inspected again. Here are some common issues you might face: Roof repairs Updated wiring Replacing the water heater Leaks If your home inspection deems your house to be high-risk, you’ll be paying for a high-risk policy. You can just pay the high-risk insurance policy premium. Or you can choose to fix the issues they found. Then get another inspection, and get a new quote.This market includes insurance companies that aren’t licensed by the state. This means states do not back these companies financially. These insurance companies don’t have to follow the same regulations. They might be willing to take on more risks.Your state has a FAIR plan that you have assess to. These policies are more expensive. However, if you can’t get a private insurance policy, you can still get a FAIR plan. For example, if you live in an area prone to natural disasters, you’ll likely need a FAIR plan.