Do You Know The Property Insurance Claims Made On Your Home?
Knowing The Property Insurance Claims Will Alert You To Future Issues
Do you know the Property Insurance Claims that have been made on your real estate investment property? If you do not know then you could be potentially creating an environment where you can have a liability on your hand later on down the line.
What Are Property Insurance Claims?
These are the specific claims that have been showcased with your property. Essentially, the insurance claims that have already been made revolving around a specific incident. As a real estate investor, you need to know what investment you may be getting yourself into.
These claims, which you could get through a C.L.U.E. report will allow you to not only understand the specific claims that have been made, but also the circumstances surrounding them, such as water damage being from a flood.
Why Should You Know The Property Insurance Claims Of Your Investment?
If your real estate investment has seen some type of flooding, then is it possible that it may have mold damage which will only grow worse over time? Furthermore, is it possible that, because of the potential for molding, your tenant may sue you if they suffer from respiratory issues as a result.
This may be likely and if it does occur, you may be faced with a lawsuit. That is why it is essential to know the nuances of your real estate investment before you purchase the home!