Nicole Curtis, the renowned host of HGTV’s “Rehab Addict,” has faced her fair share of challenges in her career. One significant episode involved a legal dispute with the city of Minneapolis in 2017.
The trouble began back in 2012 when Curtis acquired a property at 1522 Hillside in Minneapolis for a mere $2, rescuing it from imminent demolition by the city. She committed to restoring the long-vacant property, which had sat neglected for two decades, with a mutually agreed-upon deadline of November 2014. This decision appeared advantageous, as demolishing the property would have incurred a cost of $20,000 to city taxpayers.
However, when the renovations failed to reach completion by the agreed-upon 2014 deadline, the city of Minneapolis initiated a lawsuit in January 2017, alleging a breach of the agreement.
Furthermore, the city asserted that Curtis and her company, Detroit Renovations, had not paid property taxes or maintained insurance on the premises throughout her ownership.
They eventually reached an agreement
As reported by CBS News, it wasn’t until April 2017 that Nicole Curtis and the Minneapolis city council finally reached an agreement regarding the 1522 Hillside project after the breach of contract lawsuit.
In the settlement, Curtis and her Detroit Renovations team committed to investing a minimum of $150,000 in building materials, a reduction from the initial demand by the city for $200,000.
Furthermore, the revised completion date was set for October 15, 2017. In the event that Curtis’s Detroit Renovations failed to meet this new deadline, they would be required to transfer ownership of the property to the city.
After several additional delays, Curtis and her team ultimately completed the renovation of the Hillside home in 2018, a full six years after the initial purchase by the “Rehab Addict” host.
In December 2018, she listed the property on the market and organized an open house fundraiser for Backpack Project MN, a local nonprofit that provides essential items to underprivileged youth. As of April 2022, the estimated value of the home ranged between $430,000 and $445,000.
Nicole Curtis Reveals 10 Facts about Home Insurance you should know before you buy one
- Types of Policies: Home insurance typically comes in several forms, including HO-1 to HO-8, with HO-3 being the most common, covering the dwelling, personal property, and liability.
- Dwelling Coverage: Dwelling coverage protects the structure of your home, including the foundation, walls, roof, and attached structures, from covered perils like fire and wind damage.
- Personal Property Coverage: This covers your belongings, such as furniture, clothing, and electronics, against perils like theft, fire, or vandalism.
- Liability Protection: Home insurance provides liability coverage in case someone is injured on your property. It can also cover damage caused by you or your pets to someone else’s property.
- Additional Living Expenses (ALE): If your home becomes uninhabitable due to a covered loss, ALE helps cover temporary living expenses like hotel bills and meals.
- Deductibles: Home insurance policies often have deductibles, which are the out-of-pocket expenses you must pay before the insurance coverage kicks in.
- Endorsements and Riders: You can enhance your policy with endorsements or riders, which provide additional coverage for specific items or perils, such as flood insurance or valuable item coverage.
- Exclusions: Most policies have certain exclusions, so it’s essential to understand what is not covered, such as damage from earthquakes or floods. Separate policies may be needed for these perils.
- Claim Process: In the event of a claim, you should contact your insurance company promptly. They will send an adjuster to assess the damage and determine coverage.
- Premium Factors: Home insurance premiums are influenced by factors like the home’s location, age, construction, and the policy’s deductible and coverage limits. Bundling home and auto insurance can often lead to discounts.
- Discounts: Insurance providers offer various discounts, such as security system discounts, claim-free discounts, and loyalty discounts. These can help reduce your premium.
- Renewals: Home insurance policies are typically annual contracts. It’s important to review and update your policy as your circumstances change.
- Appraisals: Periodic home appraisals can help ensure that your coverage reflects the current value of your property.
- Replacement Cost vs. Actual Cash Value: Policies may pay out based on replacement cost (the cost to replace lost items with new ones) or actual cash value (the depreciated value of items). Understanding this distinction is important.
- Personal Liability Limits: It’s important to consider your personal liability limits, as lawsuits can be costly. Umbrella insurance can provide additional liability coverage.
