Who is it
Little trick insurance companies do now.
I follow golf but not familiar with him
I had no idea he was professional until a mutual friend mentioned it. Have met him and his wife at a couple of school-wide gatherings. They seem like super wholesome, nice people.
Guess I should take down my incorrectly installed lightning protection that just so happens to attract lightning thenLittle trick insurance companies do now.
If you house burns down and is insured then insurance will cover it right? Well NOT like you think it will.
Easy numbers for the example.
$500,000 house example.
House is insured for $500,000 > burns down > get a check right? WAIT HOLD Up.
Your lot is worth $100,000(20% estimate) so it is still there.
Now down to $400,000 dwelling.
Insurance company will make you an offer. $280,000 is the most you will get, They "hold back" $120,000 unless you build back. If you don't build back then they keep the $120,000 LMAO.
All of this is assuming there is no "lender" involved, if you have a lender involved then it is between your lender and insurance company at that point when you subrogated your rights by taking a mortgage.
Cliffs = insurance won't pay out all proceeds unless you build back/actually repair house, you will only get 60-70% of possible proceeds otherwise.
YepHmmm I should hit up my parents. They've been holding out
Same.Couple of friends in Austin got condos downtown as college graduation presents
For the record…. When I gave my parents the framed original diploma they literally said “oh” then we went to outback