Selling because of fire or water damage
After a fire or a flood, the house is often uninhabitable and the insurance claim is a second job. Restoration contractors, adjusters, and mortgage servicers all want something, and the property keeps deteriorating while it waits. Covent buys fire- and water-damaged property as-is, whether the claim is settled, open, or was never filed.
Damage claims move on their own schedule, and an open claim can stall a retail sale indefinitely. Meanwhile the structure is exposed to further damage, the mortgage still has to be paid, and the neighbors are watching. Selling as-is hands the property to a buyer who can secure it and deal with the aftermath directly.
Yes. We can buy with the claim open and work through the details with you and the adjuster. Many owners prefer to sell the property and let the claim follow.
That is fine. We price the damage ourselves and buy as-is regardless of whether a claim was ever filed.
We buy across every market we serve, on our own balance sheet and through a network of over 500,000 active, vetted investors.