Sadie
Senior Member
- Joined
- Mar 20, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Oregon
As far as I know, if you are appraising for market value, prior insurance claims have no impact on MVE. How repairs are paid for are beyond the scope of the assignment. Insurance, what kind and who pays are also beyond the scope of the assignment. The only concern is the condition of the subject property. I would think that in the process of getting a mortgage on a property, repairs the insurance paid for, but not completed would be a reason to re-negotiate the deal. A lender will not lend on a property without sufficient insurance. This is a legal problem and only an appraisal problem if you are working foran attorney involved.