- Do you buy another house right away? If you can.
- Do you wait for insurance to pay out and then rebuild? Yes.
- Do people even have enough insurance to rebuild? Depends.
- Is the mortgage still due at the end of the month? Yes, this isn't a rental.
- How much is a burned out lot worth? Slightly less than a vacant lot, assuming there isn't a glut of them for sale.
First thing contact your insurance co. tell them your house is unlivible and that you will need ALE alternate living expenses, this is money to help make up the difference you will have in expenses while you rebuild.... it is limeted on most policys...
- Start making a inventory of everything that was in your house ...
- Item descripition, where you purchased it and how old it was...
- Salvage what you can some things can never be replaced...
- If you can find any pics of what your house was before the fire they will help...
Leson to all of us to video tape the outside of there house and a walk thru, before any emergency strikews... and keep the tape in a safe deposit box....especially if you live in a high risk area all of california or within 20 miles of the coast ...
Remember your morgage is still due.. and a burned out lot is worth whatever a lot will bring on the market.. most policys will pay a little past policy limets for debrie remoal for your lot.... hopefully you have your home insured for what it was worth... a few years ago people got in trouble for adding additions and forgeting to tell there insurance co about it.














