Quote:
Originally Posted by FlamesAddiction
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.
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What exactly is an insurance claim check as a buyer? I've heard of it for vehicles (carproof report, etc.) but how do you do a check for homes? I've never heard of that nor was it recommended to me by anyone when I was purchasing my properties in the past.