There is no easy answer. If the condition is so bad that you have to move, you will not be able to sell your property. For most people, that would mean they could not buy a place elsewhere, or if they did, the home they purchased would be nothing compared to what they left behind.
In this situation, renters would be better off.
Jeanette Isabelle
Similar happened to residents of NOLA when hurricane Katrina hit, many had to bug out ahead of the storm and had nothing to return too.
I would imagine most homeowners policies would cover something, but a lot will pay to rebuild the house as is so you would still have to sell it if you didn't couldn't go back, or bad companies like Allstate who don't honor their contracts.
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