Owner claimed $750 for the 4 rented units, actual rents are $600, $650, $650, $700.

If you look on yelp.com many people gave terrible reviews of the customer service.

The seller doesn't have title insurance from when he bought, and doing this would eliminate any future exposure the seller might have to claims prior to his ownership.

Previous owners are unwilling to even talk to anyone and claim they don't own the property.

A claims adjuster would come through at the time of a claim and depreciate everything according to age and care to determine a value.All that being said, being insured for RC while the company will only pay ACV means you are probably over-insured.

Unless you are using some one who just has inflated prices, high probability they will talk to you about an adjustment.This happens on almost every auto accident claim for repair.I am no longer in the insurance biz, so this is not legal advice.

But it will at least pay a claim if you have one where the homeowners might result in a denied claim because it was empty.

I've been using www.erentpayment.com for several years, and their excellent customer service and multitude of features makes it a great deal for $3 per transaction. 

I spoke with yet another title company and got some interesting info.This large title company claimed that they had closed many of their offices because of the slow down and that they were told to no longer issue preliminary reports unless there was a contract (buyer/seller) in place.

There is only one vacancy right now and the seller's agent claims rents between $415-$430.Would it be normal for a property owner to hide about $12K in revenue and overstate expenses by such an amount?