drunk driver almost leveled my rental
This is an example of why you need reserves before buying a rental property. On Sept. 3rd, a drunk driver plowed through my single-family rental in Independence, MO. The link to the news clip is below. The news got everything right except the tenant was not the owner.
https://www.kctv5.com/news/car-slams-into-independence-home-family-forced-to-leave-due-to-damage/article_84511d76-0de6-11ec-9501-0ff81f381a0a.html
Luckily, no one was home. My insurance coverage is in effect, but there is a $2500 deductible. I can cover that because I saved. This isn't something that really can be anticipated, like buying a home with an old roof or old HVAC, but one needs to plan for it.
I'm posting this because I've never seen a post about someone going through an insurance claim. I'm sure I'll learn something along the way, and will update this thread once more is known.
Most Popular Reply
The adjuster is not your friend. Question all estimates and get your own numbers