House Fire Totally damaged

[Zigner]

I agree OP needed a LANDLORD policy not a HOMEOWNER policy, HO policies are for owner-occupied properties.

But, that is not a legally mandated term. That's all I'm saying

 

[Banned_Princess]

Oh, but BP - it's proper to give a citation when copying other people's work word-for-word.

yes, well i didn't want to get banned for a week for advertisement.

thank you ecmst.

 

[moburkes]

Renter caused the fire, they have no insurance.

What is the form name of your insurance policy? Did you have a dwelling fire policy or did you have a homeowners policy? Dwelling fire policy would read something like "Dwelling Fire #" or "DF #". A homeowners policy would read something like "Homeowners Form #" or "HO #".

 

[Lidia]

Insurance Home appraisal after the fire

Ok.....here's a question. Our insurance policy says nothing of getting an
appraisal in the valuation section of it. It only states that it will replace,repair or (darn, can't think of the other word)...anyway, if it is
found to be more to fix the damage than the policy is worth, then they
are to pay the amount of the policy**************the clincher is this, no where do
I see that they are to get an appraisal and offer up a fair market price....supposedly....after "they" use their own appraiser. I was told that
they are to pay up on the value given in my insurance policy. What is it
supposed to say in my policy and where do I find it under as to "we will get an appraisal on the burned building and most likely depreciate it and pay out less than your policy is worth?" Hope this makes sense. I have been scanning my policy under Valuation and it says nothing of the sort. Where else should I be looking?

 

[moburkes]

Please answer my question.
And now I have another 2.
What is the dwelling coverage amount on your policy?
What ist he market value of your policy?

 

[Zigner]

Ok.....here's a question. Our insurance policy says nothing of getting an
appraisal in the valuation section of it. It only states that it will replace,repair or (darn, can't think of the other word)...anyway, if it is
found to be more to fix the damage than the policy is worth, then they
are to pay the amount of the policy**************the clincher is this, no where do
I see that they are to get an appraisal and offer up a fair market price....supposedly....after "they" use their own appraiser. I was told that
they are to pay up on the value given in my insurance policy. What is it
supposed to say in my policy and where do I find it under as to "we will get an appraisal on the burned building and most likely depreciate it and pay out less than your policy is worth?" Hope this makes sense. I have been scanning my policy under Valuation and it says nothing of the sort. Where else should I be looking?

Did you have a policy that covers the house as a rental? Specifically, as a non owner-occupied house.

Ignore the above debate about he name of the policy (as an aside, I would like to apologize for causing the thread to veer off like that).

 

[ecmst12]

The amount that they might pay under your policy is irrelevent if you had the wrong kind of policy and they are going to deny coverage altogether.

 

[Lidia]

Market Value...I am thinking that this means a price that is comparable to the comps in the area.
We do have the right insurance , that is not the problem. I am only concerned that when they get this supposed appraisal by their own people that naturally they are going to lower the price so as not to pay out what my insurance is worth.

 

[ecmst12]

They can get as many inspections as they want as long as they are paying for it.