Home Insurance in Caldwell : Questions & Answers

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Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick (908) 337-0943 answered:
newly purchased homes with underground oil tanks in Caldwell, nj
I'm interested to learn how you did on this --- in my area, underground tanks are generally pulled prior to closing to avoid any issue for buyer.
0 votes Share Flag Sat Feb 7, 2015 Home Insurance in 07006
Lyle Wolf, Real Estate Pro in Rockaway, NJ
Lyle Wolf answered:
Does anyone know what insurance companies will provide coverage for homes with in-ground oil tanks?
Megan

You must have the seller remove the tank before you close on the home. You do not want insurance, you want the home without the tank. Are you getting a mortgage? Most lenders ... more
0 votes Share Flag Sat Feb 12, 2011 Home Insurance in Caldwell
Ian A. Wolf,…, Real Estate Pro in Morristown, NJ
Ian A. Wolf, ABR SFR answered:
Hi its Cleo- They have no inclome to support expenses on the house no point in trying selling. ( please see below additional question details)
The lender may put a policy in place at the owners expense and it may only cover the banks interest for replacement value. It is important to note that it may not protect the owners fro ... more
0 votes Share Flag Fri Sep 10, 2010 Home Insurance in 07006
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