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    #1

    Weird Question?

    Our home is not yet in foreclosure but will be soon. We just had a bad storm in California that knocked over the fence at our house that will go into foreclosure. (we do not live there anymore)


    We have not paid our mortgage in months but still have homeowners insurance....Can we or should we file a claim with the insurance company....

    I feel I am responsible to fix the fence but we cannot afford it + our homeowners insurance deductable is $1000

    thanks, techno
    Tags: None
    #2
    Advise your mortgage company immediately by certified mail what is going on and be sure to keep the receipt. Also, call and write the insurance company and explain same to them. This will protect you down the road that you did all you were capable of short of paying this $1000 deductible which you do not have.

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      #3
      I honestly dont believe the fence will matter as it is not the actual structure. You could technically remove the fence if you wanted to because it is your home until the foreclosure is completed.
      Sometimes life make you deal with ugly and hateful people ,just think of them as sand paper. They may scratch you and rub you the wrong way but eventually you end up smooth and polished and the sand paper becomes old and worn out.

      Comment

        #4
        Is damage more than $1000? If so, file the claim for your damages. You are not under any obligation to fix the fence. You suffered a loss and the insurance company is paid to protect you from said losses not to fix your fence. You still own the home correct?

        Comment

          #5
          If you allow a house to foreclose, it's a huge loss.

          To the lender. On top of that, if the place DID burn down, the loss would be BIGGER yet if there was no insurance. HOWEVER- if you make a claim on that fence then THAT insurance claim will haunt you for YEARS on your own homeowner insurance if you ever buy another property. Food for thought....
          "Starting again is part of the plan"

          -Gloria Estefan

          Comment

            #6
            If the damage is more than $1000, would the insurance company pay me directly or pay the fence fixer directly? Or would they pay my mortgage company (if I said I was going to fix the fence myself).

            Thanks, techno


            Originally posted by 325Falcon View Post
            Is damage more than $1000? If so, file the claim for your damages. You are not under any obligation to fix the fence. You suffered a loss and the insurance company is paid to protect you from said losses not to fix your fence. You still own the home correct?
            Last edited by technoreid1; 01-09-2008, 01:25 PM.

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