Quote:
Originally Posted by birdawg
the question I have is you pay the first 10% of the value of the home,so let’s say the house is valued at 400 thousand you pay the first 40 thousand. I would think with that much damage the home would be condemned. Am I correct with my thinking.
|
First of all, I think you can get a lower deductible with some insurance companies if you shop around. And second, it is very possible that a house could sustain more than 10 percent damage without being condemned. It really depends on the type of damage that occurs. Repairing a damaged foundation is very expensive, but you may still be able to live in it, and long as safety is not an issue.