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

Sep 13, 2019
1:57:11pm

Baron All-American

What I would be most concerned about is how does my contract with buyer handle the insurance proceeds. That is the one that could be tricky depending on the contract and your insurance policy.

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Baron

Previous username: jarocho
Bio page: Baron
Joined: Sep 1, 2006
Last login: May 4, 2024
Total posts: 94,178 (32,750 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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