Except as otherwise provided in this chapter, no insurance company shall
pay to any claimant any claim in excess of $2,500 for fire damages on any
real property located within the Township of Robbinsville, pursuant to any
fire insurance policy issued or renewed after the adoption of this chapter
and after the filing of this chapter with the State Commissioner of Insurance,
until such time as any anticipated demolition costs and all taxes and assessments
and all other municipal liens or charges due and payable, appearing on the
official certificate of search, shall have been paid by either the owner of
the real property or by the insurance company.
The governing body may enter into an agreement with the owner of any
fire-damaged property to pay in full all delinquent taxes, assessments or
other municipal liens by installments, or for the payment in full of any anticipated
costs of demolition by installments, if the governing body is satisfied that
the claim for fire damages is to be used to restore or improve the fire-damaged
property. A certified copy of any resolution of agreement shall be provided
to the insurance company that has insured the property for fire damage.
This chapter shall be effective upon publication and filing with the
State Commissioner of Insurance.