Legal Question in Real Estate Law in Arizona
Replacement Insurance for a Fire
If I have replacement insurance on the dwelling and it's contents...can I ask for a new modular home of the same size if the other one burns to the point of being cost effective to NOT remodel the burnt one.
Asked on 6/29/09, 6:09 pm
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
Re: Replacement Insurance for a Fire
Yes, if the damages are beyond repair (cost more) then if you have replacement cost coverage, you should get a new one.
Answered on 6/29/09, 9:56 pm