If my home is condemned after a hurricane, what happens to me?
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If my home is condemned after a hurricane, what happens to me?
The home was built 52 years ago and I paid $65,000 18 years ago. Will the insurance company have to give me any money to find a new place to live? And any money for all I put into the house, like replacing the A/C, hot water heater, roof, garage door, etc. over the last 18 years?
Asked on September 16, 2017 under Real Estate Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
You should get from your insurance company whatever your insurance policy says you should get if your house is destroyed in this way--no more and no less. Insurance is a contract; you get the coverage that you and the insurer agreed to and you paid for. Review the terms of your policy to see what you are entitled to.
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