Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

60
Posts
11
Votes
Maria Vogel
  • Rental Property Investor
  • Whitefish, MT
11
Votes |
60
Posts

Insurance claim during a sale

Maria Vogel
  • Rental Property Investor
  • Whitefish, MT
Posted
I have a rental house I've been trying to sell off and on for many years. There was issues with the roof (shingles blowing off) so I filed an insurance claim. It's been over a month but they finally got back to me saying they would replace it but the estimate wasn't enough to fix it because they calculated we could use shingles that aren't available in this area. So I'm currently working with them to get the amount increased-who knows when they'll do that since they're working so slow. They will pay 1/3 of the price to start and the remainder upon completion. Today I got a cash offer on the home with a 14 day close-no contingencies. I've been trying to sell this place for years off and on and would love to just have it gone-I don't want the insurance issue to prevent a sale. Does anyone know how that will work with the insurance claim? A) can I sell it, not fix the roof and just take the 1/3 down and pocket the money? B) can I get complete the insurance transaction and get it fixed after its sold? I'm afraid to ask the insurance company because I don't want to mess up the claim. And I'm not sure who to ask! Any advice would be appreciated!

Loading replies...