So my insured had a pipe burst on a rental which occurred 2 weeks after their long term tenant moved out. They had plenty of prospects lined up & in our market this building would have rented within 4-6 weeks NO PROBLEM.
The broken pipe caused substantial water damage. The home has been under repair for 9 months now & Safeco won't pay loss of rental income because it was vacant at the time of the loss...
I mean...duh frick?
Source of insurance-forums.net
The broken pipe caused substantial water damage. The home has been under repair for 9 months now & Safeco won't pay loss of rental income because it was vacant at the time of the loss...
I mean...duh frick?
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