Updated 2 months ago on .
Lessons learned: hard money and insurance
Several weeks ago we had a major freeze in the northeast where all of the radiators in a rental property burst. They were cast iron and cost $18,000 to replace. This occurred after we accepted an offer on the property but before the inspection took place
the insurance was via State Farm. I had a private money loan where they wanted to be listed on the policy. State Farm would only cut a claim check made payable to both parties even though I paid the plumbers directly. Care to guess what process I have to use to get my money from this insurance claim?