Damage Control by Suze Orman

Damage Control

By Suze Orman

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Can I Rebuild in Another Location?

Maybe your house burned down in a forest fire and you never again want to see another fir tree. If you're thinking of moving to the New Mexico desert, you need to make sure you'll still get a check for the amount for which your old house was insured. Some insurance policies may stipulate that you have to rebuild on the same plot of land in order to fully recoup.

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From the Winter 2005 issue of O, The Oprah Magazine

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Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.