California | Insurance Law
Legal Question
Fire Insurance Holdback
Our fire property sufferred a fire loss of approx $225K. The ins. co. held back approx. $43K and gave us what they call the ACV Actual Cash Value and stated they would pay the $43K once the work was completed. In the meantime, the property foreclosed before the work was completed and the lender sold the home at the auction sale. Do we have a right to still get the holdback of $43K?
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Legal Answer
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Read More Answered By: Daniel Bakondi |
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