Can you take over a fire insurance claim when buying a house with an open case?
October 24th, 2010
Question by Engine heart: Can you take over a fire insurance claim when buying a house with an open case?
We are looking into buying a house that we just found out had a large fire in it. The owners did not have the right permits to continue renovating the house so are being forced out. If there is an open fire insurance claim would we likely take over that claim to put towards the renovations of the house? How can I find this out?
Best answer:
Answer by Zarnev
If there is a claim the only way to find out is to ask the owners. However, you cannot “take over” a claim. Any payout will be paid to the policy holder (owner) and, if applicable, the lien holder. They would have to sign the payout over to you.
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