Quote:
Originally Posted by Hondaracer
The issue as well is actually getting somone to fix it. Every single person with I
Earthquake insurance is going to need a contractor, we’re already hugely underserved in renovation contractors/restoration companies.
You might be waiting years for your home to be repaired
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Depends on your insurer too. I've seen policies that mandate you have to rebuild, or use their approved contractors, some policies might allow you to take the cash value and walk.
Best example would be all the stories out of Fort Mac, after the wildfire swept through the town. People fighting the insurers. One of the ones I read about, one 3 unit townhouse/strata had 3 different outcomes for the same damage to the building as the owners had three different insurers. One tore the unit down and did a new build. 2nd stripped theirs to the studs and rebuilt. 3rd guy was fighting his insurer as the insurers wanted to just replace the windows, melted siding, pay for cleaning inside the house and have him move back in.
It'll be a mess for years after an earthquake.