metalmaster10
Stainless
- Joined
- Apr 18, 2012
- Location
- Indiana, USA
First, you are in a very different legal situation than I, but here is what happened (is still happening) to me.
November 17, 2013 we had an F-2 tornado cross our property and took a large section of roof off my shop. This is a home shop, not on commercial property, so personal home owners insurance.
It took almost 2 months to get the check from the insurance company, to the bank, who required it go into escrow, then to the contractor. We all know how the winter has been, so the contractor did finally get the roof rebuilt on the shop, but we still have a large section of shingles missing off the house since we can't roof in the snow.
The real burn is the insurance company and mortgage holder both require the property owner to do whatever necessary to prevent further damage.
When dealing with the mortgage company about the delay with escrow she told me it was my responsibility to tarp the roof if necessary.... I told her we couldn't tarp the shop roof because there was a 30X30 section MISSING! Not shingles missing, entire roof structure missing. They don't care, it is their way out!
My .02.... As soon as the police let you in there get your stuff! And, prepare for a battle. If the building was not up to code the insurance company may have a clause that gets them out. This could be a legal battle between you shop renters and the landlord. Hopefully it goes well!
I had a friend who had an embroidery business in his garage, it burned, insurance did not cover it because it was a "business" and his homeowners insurance wouldn't cover it.
Insurance sucks, they always seem to have an "out", and it is expensive... But times like this are a reminder to have a good policy with a good agent.
Best of luck to you!
November 17, 2013 we had an F-2 tornado cross our property and took a large section of roof off my shop. This is a home shop, not on commercial property, so personal home owners insurance.
It took almost 2 months to get the check from the insurance company, to the bank, who required it go into escrow, then to the contractor. We all know how the winter has been, so the contractor did finally get the roof rebuilt on the shop, but we still have a large section of shingles missing off the house since we can't roof in the snow.
The real burn is the insurance company and mortgage holder both require the property owner to do whatever necessary to prevent further damage.
When dealing with the mortgage company about the delay with escrow she told me it was my responsibility to tarp the roof if necessary.... I told her we couldn't tarp the shop roof because there was a 30X30 section MISSING! Not shingles missing, entire roof structure missing. They don't care, it is their way out!
My .02.... As soon as the police let you in there get your stuff! And, prepare for a battle. If the building was not up to code the insurance company may have a clause that gets them out. This could be a legal battle between you shop renters and the landlord. Hopefully it goes well!
I had a friend who had an embroidery business in his garage, it burned, insurance did not cover it because it was a "business" and his homeowners insurance wouldn't cover it.
Insurance sucks, they always seem to have an "out", and it is expensive... But times like this are a reminder to have a good policy with a good agent.
Best of luck to you!
) picker at a min.
