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Re: Rental destroy by fire 2 - Landlord Forum thread 354585

Re: Rental destroy by fire 2 by Anonymous on October 12, 2017 @09:28

                              
How much was your home worth the day before the fire? What do you mean by let it go? Were you thinking about taking the insurance money, and not pay off your mortgage, thereby letting the bank foreclose on you? Why were you not carrying enough insurance to cover the market value of your home?

If the home isn't livable, your tenants will probably come back, sift through what is salvageable for them to take with them, and leave you with everything else to take to the dump. You, on the other hand, will probably keep their deposit, to go towards any unpaid rent, and hauling away their stuff. You will probably never see them again after that. They will have no money for you to sue them for, as they lost most of their possessions in the fire, and they will have to replace them at their expense.
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