I'd worry about this getting hung up for insurance fraud

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Sep 13, 2019
1:40:54pm

SD_UTE All-American

I'd worry about this getting hung up for insurance fraud

based on the scenario you outlined, it sounds like a nice way to get the insurance company to pay for the demo of the property.

I'd be upfront disclosing the situation, because they will find out about it, and when they do if it looks like you were hiding it, they'll hold this up even longer.

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SD_UTE

Bio page: SD_UTE
Joined: Mar 18, 2004
Last login: Jun 8, 2024
Total posts: 2,023 (0 FO)

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Messages

Author

Time

Fire at a rental property. What am I entitled to from insurance company?

Iman23

9/13/19 1:34pm

1. get a copy of your homeowners landlord policy. 2. read it

jwf

9/13/19 1:35pm

Do you have a loan on the property? Most homeowners carriers include

jwf

9/18/19 4:38pm

It is pretty straightforward. They will look at the coverage on the house and

Baron

9/13/19 1:36pm

But the value to the new buyer is most likely the dirt. So the value to the

Iman23

9/13/19 1:40pm

What did you insure the dirt or the home? The home. You have insurance to cover

Baron

9/13/19 1:43pm

So, you don't think I need to disclose the sale? It's damage to more than

Iman23

9/13/19 1:52pm

I am not saying that you can avoid the disclose of the sell or that you should.

Baron

9/13/19 1:57pm

The contract mentions something about condemnation

Iman23

9/13/19 3:52pm

I'd worry about this getting hung up for insurance fraud

SD_UTE

9/13/19 1:40pm

reminds me of a BYU story.

v1k0u6

9/13/19 1:45pm

here is the news article

v1k0u6

9/13/19 1:47pm

Hopefully your coverage is enough. A lot of people haven’t raised there

Cobra Venom

9/13/19 3:55pm

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