Insurance claims is big problem on the real estate landscape. Home insurers in Texas stopped selling new insurance policies after suffering heavy financial losses as the result of a sharp increase in mold and water-related claims. If you bought a property with an account of insurance claims, it will be costly to you. It’s going to cost you even more if you yourself have a history on insurance claims.
Here are things to consider when your house have insurance claims issues.
- Your home is uninsurable because the previous owner has a history of insurance claims.
- You may have to pay a lot of money to settle insurance claims on the house.
- Insurance on these houses are very pricey double sometimes triple the amount.
- Processing for Insurance Claims property will take time and effort.
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