I mentioned it before, but insurance is a drag. Not only do they often fight against having to pay out, but once you go through them, there will be a record of flood damage if you ever sell. Any buyer doing their due diligence will do a an insurance claim check on the property and all things being equal, most people will avoid buying a property with flood damage or a history of a catastrophic fixture failure.
I really do feel for Polak here and this is a tough pill to swallow, but I am afraid this is a no win situation. You also have to be careful fighting with people in that industry. Some of those tycoons can be pretty shady.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
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