The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GraceZ who wrote (979)	10/31/2001 2:37:43 PM
From: David Jones	Read Replies (1) of 306849

"Every single property I've ever bought had a replacement cost on the policy that was a lot higher than the amount of the sale price and land doesn't burn down" Your saying that the replacement or dwelling coverage is higher than the market price of the home? Let me place my finger along side my nose and call my cousin Vinne. Because this does not compute. It's my understanding that insurance is not written to replace a structure from the ground up. Unless you live in a rural area with out a fire department. Foundations can get hot enough to fracture but in town fire protection usually puts it out long before that. It is a rare thing that a house burns to the ground. And for a bit of useless trivia. As I understand it only 1 in 20k ever needs their fire coverage. dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next