(I had chat GPT optimize this response, Lol)That's a good point—I have similar rentals as well.

They definitely took your premium, but when problems happen they look for technicalities in order not to be responsible. 

@amirkhan Thank you for your prompt response!

I really appreciated his response, and took detailed notes.

Thanks for your response.

Thanks for the response. 

Thank you all for great responses.

Thank you all for your responses.

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

They would have been responsible for issuing and recording the mortgage satisfaction after they received payment.