EP 504 - Mike Lost His House In The Spokane Fire, What Happens Next

What did you think of todays show??Three hours. That's all it took for the Spokane fire to explode to 3,000 acres and take Mike's house with it. In this episode, we walk through what actually happens after a total loss: why you hire your own public adjuster instead of trusting the insurance company's adjuster, the difference between actual cash value and replacement cost, and the mortgage wrinkle that can leave you owing money on a house that no longer exists. Plus the crisis lessons nobody teaches you until you need them.Topics discussed:Introduction (00:00)How the Spokane fire started and spread (02:03)Mike's evacuation and the pets left behind (02:38)Why house fires burn so randomly (05:43)Why knowing your neighbors matters most (08:57)The best and worst of people in a disaster (11:23)Getting proactive with your insurance claim (14:51)Why you hire your own public adjuster (18:35)Actual cash value vs replacement cost (28:26)The mortgage wrinkle that leaves you with nothing (30:13)Why the insurance company slow rolls your claim (33:56)Filming your whole house before disaster strikes (40:42)What actually matters when you lose everything (42:40)Support Corey and his family, who lost their home in the same fire:https://www.gofundme.com/f/help-the-aspaas-family-rebuild-after-house-fireFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_deals/This episode was produced by Podcast Boutique https://www.podcastboutique.com (https://podcastboutique.com/)