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Updated almost 6 years ago,

User Stats

706
Posts
171
Votes
Joshua D.
Pro Member
  • Rental Property Investor
  • Pittsburgh, PA
171
Votes |
706
Posts

Insurance Claims on my properties? What to do and what not to do?

Joshua D.
Pro Member
  • Rental Property Investor
  • Pittsburgh, PA
Posted

So we had a pretty bad windstorm the other day and my roofer came to me and said you have some serious damage going on with your roofs. I went around properties and really didnt see any difference which there is none. Well anyways he told me to file claims and he for sure would get me money to fix the siding and roofs. So far its looking like i can get money for about 6 properties so far to get new roofs and other little things. Alot of money might be coming in here soon. So far we received a $12,500 check alot more is supposed  to come. I talked to my insurance agent and said this shouldnt effect my premiums from rising and they wont drop me. No big deal with whats going on.  So is there any red flags here and if i really dont need it done on certain properties. Can i keep the remainder of the money from insurance checks and use them on other stuff that really needs done? Im gonna run all this by are attorney also. We might be getting close to 100k with all the claims and stuff. Will see but also a big load off my shoulders with much needed work that needed done anyway. Any advice would be greatly appreciated. Thanks BP

  • Joshua D.
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