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Updated about 6 years ago on . Most recent reply

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Kevin Tucker
  • Property Manager
  • Big Rapids, MI
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Disaster what should I do?

Kevin Tucker
  • Property Manager
  • Big Rapids, MI
Posted

I know it was stupid to put insurance on the back burner but I've rented the two apartments above my business for 40 years without event. Seems the universe finds guys like me to punish. Although only the roof and tops of walls was burned the apartments need rebuild and I do not have the funds to do it. This becomes a total loss to me. What should I do?  I would like to just sell it but how do I go about that? Thank you in advance for your input.

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Jason Bott
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
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Jason Bott
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
Replied
Originally posted by @Kevin Tucker:

I know it was stupid to put insurance on the back burner but I've rented the two apartments above my business for 40 years without event. Seems the universe finds guys like me to punish. Although only the roof and tops of walls was burned the apartments need rebuild and I do not have the funds to do it. This becomes a total loss to me. What should I do?  I would like to just sell it but how do I go about that? Thank you in advance for your input.

 Kevin, 

Reach out to some flippers and restoration contractors and ask if they know of anyone looking to buy a fire damaged building.  You will probably find someone who is interested.

  • Jason Bott
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