06-17-2018, 07:07 AM
You bring up some good points.
In this case, I do not image the county going in to raze any houses due to their own version of danger to county workers. They do have the right to condemn property. If they do, you still owe your mortgage but your insurance may step in.
Something to consider - most of the insurance policies have a clause which states that the insurance is void if the property is vacated for more than 30 days. I know mine does, which is via Lloyd's of London. I evacuated and the house is still standing and not covered with any ash, tephra, cinders. It is not possible (at least without a helicopter) to get to my house.I do not have lava/volcano insurance either.
My policy has a very specific, one line clause that specifically states there is no coverage for peril caused by lava/volcano, even for loss of use.
In this case, I do not image the county going in to raze any houses due to their own version of danger to county workers. They do have the right to condemn property. If they do, you still owe your mortgage but your insurance may step in.
Something to consider - most of the insurance policies have a clause which states that the insurance is void if the property is vacated for more than 30 days. I know mine does, which is via Lloyd's of London. I evacuated and the house is still standing and not covered with any ash, tephra, cinders. It is not possible (at least without a helicopter) to get to my house.I do not have lava/volcano insurance either.
My policy has a very specific, one line clause that specifically states there is no coverage for peril caused by lava/volcano, even for loss of use.