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<blockquote data-quote="cohunt" data-source="post: 2752038" data-attributes="member: 94491"><p>If I had a whole house fire-- I'm not sure I could afford to shoot for years after....with the total loss deductibles, then ( look at the fine print on your homeowners policy)-- the demolition costs and the code upgrade fees( if actually re-building) it would probably wipe me out. My firearms would probably be the least of my concerns.</p><p></p><p>We had a good friend that went through all this years ago during the black forest fire--- they never realized what the total loss deductible was --- and then found out their insurance did not cover demolition permits and fees-- and it also didn't cover "code upgrade" fees on a rebuild since their home was about 30 years old----- they used all their savings to pay for the demolition/permits--- and then had to sell a burned piece of property off at pennies on the dollar and walked away with the insurance $ minus the deductible. They probably had a home/property worth 1.25-1.5 mil before the fire and walked away with about $300000. Clearly they should have read the fine print, updated their policy and done their homework</p><p></p><p>Their burned piece of property value was ridiculous since the whole area burned-- nobody wanted to buy property in that area for quite a while so they had to take quite a hit on the sale.</p></blockquote><p></p>
[QUOTE="cohunt, post: 2752038, member: 94491"] If I had a whole house fire-- I'm not sure I could afford to shoot for years after....with the total loss deductibles, then ( look at the fine print on your homeowners policy)-- the demolition costs and the code upgrade fees( if actually re-building) it would probably wipe me out. My firearms would probably be the least of my concerns. We had a good friend that went through all this years ago during the black forest fire--- they never realized what the total loss deductible was --- and then found out their insurance did not cover demolition permits and fees-- and it also didn't cover "code upgrade" fees on a rebuild since their home was about 30 years old----- they used all their savings to pay for the demolition/permits--- and then had to sell a burned piece of property off at pennies on the dollar and walked away with the insurance $ minus the deductible. They probably had a home/property worth 1.25-1.5 mil before the fire and walked away with about $300000. Clearly they should have read the fine print, updated their policy and done their homework Their burned piece of property value was ridiculous since the whole area burned-- nobody wanted to buy property in that area for quite a while so they had to take quite a hit on the sale. [/QUOTE]
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