Quick answer
Yes, and it’s more common than most homeowners expect. A standard carrier decline usually isn’t a reflection of the home being uninsurable, it’s a reflection of the home not fitting that carrier’s formula. Specialist carriers like Cincinnati Insurance and Chubb exist specifically to underwrite properties a standard captive carrier’s model wasn’t built to price: custom construction, high-value contents, unusual liability exposure, or a claims history a formula-based underwriter treats as automatically disqualifying.
A decline from a standard carrier is often the first sign that a home actually needs specialist placement, not a sign that coverage isn’t available at all.