by jodt78 » Sun Jan 11, 2015 12:11 am
If you own the house, and the house is up for sale and is occupied by another family member, should you tell the insurance company and pay extra or what should you do?
Posted: Mon Jan 12, 2015 05:01 am Post Subject:
What do you mean by house is up for sale? Undergoing a foreclosure? A short sale? What is it actually? Could you please elaborate?
Posted: Mon Jan 12, 2015 05:14 am Post Subject:
I said the house is up for sale - period. No foreclosure, not a short sale, just I am selling my house. Your "reply" was hardly an answer - it was snippy, I think. Pardon me, but I asked this question naively perhaps, but meant no malice, and I expected a reply.
Can anyone reply to my question?
Posted: Wed Jan 14, 2015 09:53 pm Post Subject:
The fact that your home is up for sale should not be a problem in regards to your insurance. Having a family member living in the home may or may not be an issue. I would recommend speaking with your agent about the situation and ensure that you have the proper policy in place. Having an improper policy can be a very expensive lesson to learn in the event of a loss.
Always better safe than sorry.
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