What happens or what should I do in this situation?
Need to insure a place which is severely run down, we are talking missing walls, damaged frames, holes in walls, externally house is fine
Replacement cost say 150k, purchase price virtually land value only
If the remaing place burns down or falls over or vandalised and ive insured it for replacement cost is this considered fraud?
If a vandal comes in and decides to knock a few external walls will the insurance company really just repair the walls in question?
And finally what's everyone's experience with say major vandalism half way during a Reno, lets assume its a 20 k Reno to add internal walls, kitchen new bathroom etc and say you'.re almost finished or half way finished and it goes bak to square one? The final product is unknown so it's hard to restore back to original condition
Need to insure a place which is severely run down, we are talking missing walls, damaged frames, holes in walls, externally house is fine
Replacement cost say 150k, purchase price virtually land value only
If the remaing place burns down or falls over or vandalised and ive insured it for replacement cost is this considered fraud?
If a vandal comes in and decides to knock a few external walls will the insurance company really just repair the walls in question?
And finally what's everyone's experience with say major vandalism half way during a Reno, lets assume its a 20 k Reno to add internal walls, kitchen new bathroom etc and say you'.re almost finished or half way finished and it goes bak to square one? The final product is unknown so it's hard to restore back to original condition