Chattanooga Home Buyer Discusses Selling a House With an Open Insurance Claim

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Selling a House With an Open Insurance Claim in Chattanooga Can Be Less Difficult Than You Think

Hixson, United States – August 1, 2025 / Chattanooga Property Solutions /

Chattanooga Home Buyer Discusses Selling a House With an Open Insurance Claim

Tennessee property owners may wonder about selling a house with an open insurance claim. Thomas DeMoss, the owner of Chattanooga Property Solutions, recently discussed the process. With transparency and the right buyer, a sale can go forward promptly.

He also discussed how his company helps property owners offload homes affected by damage without getting bogged down in long repair timelines or problems with disclosures and inspections.

Open Claims Can Present Issues

Insurance policies can cover certain types of damage resulting from events like fire or storms. Of course, there’s a standard procedure for making a claim. However, if the claim is in process or the repairs aren’t complete, many sellers assume they cannot proceed with a sale. That’s a common misconception, DeMoss explains.

“Homeowners can absolutely sell a property with an active property damage claim in Tennessee,” he said. “The key is disclosing it properly and deciding whether to retain the claim or assign it to the buyer.”

In a typical real estate transaction, Tennessee law requires a home sale disclosure form detailing known issues. Even when selling “as is,” failing to disclose an open claim could lead to liability.

Two Options for Sellers in Chattanooga

DeMoss outlined proper methods for dealing with an open insurance claim:

Retain the insurance claim settlement: The seller keeps any future payout and offers the house at a discounted price that takes into account existing damage.
Assign the insurance claim to the buyer: The buyer receives the rights to the claim, which also affects the purchase price as a contingent asset.

In any event, a seller must be transparent about the damage and the claim’s status. A buyer’s due diligence often includes a home inspection and researching the property’s insurance history when making a decision about the property’s value.

Chattanooga Property Solutions Makes It Simple

“We buy houses in Chattanooga and around Tennessee in any condition, with or without repairs. Our partners don’t require cleanups, renovations, or even full disclosures,” DeMoss said. “We understand how to navigate open claims, and we help sellers avoid delays and paperwork headaches.”

Sellers aren’t required to finish repairs or close the claim before selling. Chattanooga Property Solutions makes fair cash offers and closes quickly.

About Chattanooga Property Solutions

Chattanooga Property Solutions works with property owners throughout the region. They provide solutions for selling without realtors, fees, or expenses. Led by owner Thomas DeMoss, the team specializes in buying homes as is, even those with open insurance claims or structural damage.

Contact Chattanooga Property Solutions at (423) 454-3070 to get started with a fast and fair cash offer!