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Gerald Lucas

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What Most Do Not Know When They Inherit A Home, Homeowners Insurance Claim Tip, Building Materials Prices Finally Fall

July 19, 2022 Gerald Lucas

What Most Do Not Know When They Inherit A Home

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim.

Real Estate Insight:

Building material prices, which skyrocketed amid a period of intense demand and insufficient supply during 2020 and 2021, have begun to decline or experience moderate price increases.

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Tags Gerald Lucas, real estate tips, real estate strategies, Inherit, Home, deed, probate, trust, deceased, property taxes, homeowner association dues
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