What is the name of your state (only U.S. law)? Texas
My home burned at the end of 2008 and I'm trying to understand how to calculate my losses. I had insurance that covered the house only which totaled $178,000 but the insurance check was mailed to my mortgage company and after they took the balance of the mortgage still owed, I received a little over $100,000. My question is do I use the actual amount I received or the full amount of $178,000.
Thank you
My home burned at the end of 2008 and I'm trying to understand how to calculate my losses. I had insurance that covered the house only which totaled $178,000 but the insurance check was mailed to my mortgage company and after they took the balance of the mortgage still owed, I received a little over $100,000. My question is do I use the actual amount I received or the full amount of $178,000.
Thank you