Insurance question about last week's podcast

1 Reply

Hey @Brandon Turner , I just heard last week's podcast and I'm sorry to hear that one of your properties burnt down.  Do you have a AVC or a RC insurance policy?  Would love to hear more about this experience so I can learn from it.  I just purchased my first property about a month and a half ago and I went with a RC plan for a few hundred more dollars per year because they don't use depreciation like the AVC policies do.  Are you going to rebuild?  Was the entire house destroyed?  Thanks!

Hey @Arthur E. - thanks! Luckily, it didn't burn all the way down. The kitchen is toast (hah.. get it!?) and the rest of the house is severely smoke damaged (Black walls/celings.) 

On that property I had replacement coverage, and they are going to rehab it. I'll update everyone as it goes on what I learned! I'm waiting on the contractor bid right now. 

Thanks!

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