Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28271787
No new orders today 13101893
Stupid MLS comments. 3276759
What do you know about Froy Candelario, top agent in USA 1189513
Stupid QC comments and BPO requirements. 1061210
New HUD Listing Brokers---Any Update? 1028238
Is there religious content in Buffini class? 822772
Let's talk about our cars 671064
Name that Flick. Great movie Lines. 602727
Pay it Forward - BPO/REO Tips & Tricks I & II 592450
Most common items found at an REO 576065
EML 459232
REOTRANS 440754
Main Street 419467
asset val seminar in colorado 407201
assist 2 sell or 1 percent realty? 340452
HOMONYMS - There, Their, and They're 306799
Evalonline 300191
Land America 285052
Mainstreet 261859
Matched Content
Topic Options
Rate This Topic
#279284 - 03/04/09 10:18 AM Home Insurance On Damaged Home
inspectordave Offline
Member

Registered: 01/24/09
Posts: 10
Loc: Minnesota, USA
If someone buys a storm damaged foreclosed home and the damaged was not repaired by the previous owner will the new owners insurance company insure the home with those existing damages?

Top
Advertisements
#279287 - 03/04/09 10:23 AM Re: Home Insurance On Damaged Home [Re: inspectordave]
DennisVolz Offline
Member

Registered: 05/07/08
Posts: 20
Loc: San Diego, CA
Depends.... Depends on the scope of the damage. Usually if it's minor, the insurance company will insure, make note and ask that it be repaired asap. If the damage is substantial, most insurance companys will pass.

Suggest you get a local agent involved EARLY in the process to allow them time to inspect and work w/ the company underwriters to come to a decision.
_________________________
Dennis Volz
SF Insurance Agent since 1978
Email: Dennis@DennisVolzInsurance.com
Website: Dennis Volz Insurance
Blog: The San Diego Insurance Blog

Top
#396186 - 12/05/11 05:39 AM Re: Home Insurance On Damaged Home [Re: inspectordave]
Hamlin1234 Offline
Junior Member

Registered: 12/04/11
Posts: 5
Loc: Usa
Hi Hamlin here,How can i insurance of my damaged house..?anyone suggest me please

Top
#398476 - 01/10/12 03:28 AM Re: Home Insurance On Damaged Home [Re: inspectordave]
Jessica123 Offline
Member

Registered: 12/19/11
Posts: 45
Loc: Glastonbury, CT 06033
Hi,
I think, it all depends on the conditions they have put in the insurance policy. Ask the old home owner first, if he/she is having any such cover in the policy or not.

Top
#401016 - 02/11/12 10:02 PM Re: Home Insurance On Damaged Home [Re: inspectordave]
Bay Area Brian Offline
Veteran Member

Registered: 06/09/07
Posts: 613
Go to the nearest real estate investors group. The average agent
is not familiar with companies and the policies available for this type of property. Many investors rehab properties in as bad of condition as this one probably is and get insurance, of course no one will be living there until it is fixed and then you get an appropriate new policy the average agent knows about.

Top
#401237 - 02/14/12 09:43 PM Re: Home Insurance On Damaged Home [Re: inspectordave]
Insurance Guru Offline
Member

Registered: 03/27/10
Posts: 13
Loc: Texas
Hello, Things to consider in regards to purchase of home in need of repairs. 1st. will the property be vacant while the repairs are being completed? Remeber, home insurance policies have clauses in their contracts that restrict coverages on vacant properties.
2nd. A builders risk/remodel policy will provide coverage for the term that repairs are being completed. However, they do not provide liability coverage. Independent Agents do have access to vacant/remodel policies that do include liability coverage.

Top
#406249 - 05/05/12 02:50 PM Re: Home Insurance On Damaged Home [Re: Bay Area Brian]
shurdul Offline
Member

Registered: 04/26/12
Posts: 47
Loc: USA
Originally Posted By: Bay Area Brian
Go to the nearest real estate investors group. The average agent
is not familiar with companies and the policies available for this type of property. Many investors rehab properties in as bad of condition as this one probably is and get insurance, of course no one will be living there until it is fixed and then you get an appropriate new policy the average agent knows about.

Yup that's the right answer! Throw light over here.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
PMacpherson, Non GMO CRE, Reguru1, Shaun225, Dr.Brim
29797 Registered Users
Who's Online
5 registered (Brad, AML, Trouble, estatereal, RonnieEmz), 39 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 74
Vermont 39
estatereal 15
Trouble 15
Flare616 13
Snapple 12
Logan Five 11
RonnieEmz 10
Lucky Leonardo 9
waka 9
Analog Man 9
TheTexasGal 8
Flammable 8
gitmonee 7
CRSmith 5
Featured Member
Registered: 09/13/17
Posts: 5
Facebook

How To Advertise Here


This site presented by RNC Internet Services