Payment to a claimant by any insurance company of any claim in excess
of $2,500 for fire damages on any real property located within the Township,
pursuant to any fire insurance policy issued or renewed after the adoption
of this chapter is hereby prohibited until such time as:
A. 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 either by the owner of such real
property or by the insurance company pursuant to the provisions of N.J.S.A.
17:36-10; or
B. The municipality submits to the insurance company a copy of a
resolution adopted pursuant to § 78-2below.
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 pursuant to N.J.S.A. 54:5-19 or for
the redemption of the tax sale lien by installment payments pursuant to N.J.S.A.
54:5-65 et seq. or for the payment in full of any anticipated costs of demolition
by installment, if the governing body is satisfied that the claim for fire
damages is to be used to restore or improve the fire-damaged property. An
insurance company receiving a certified copy of a resolution of agreement
from the governing body is authorized to make full payment on the claim to
the insured person.
No changes to chapter shall take effect until filed with the Commissioner
of Insurance.
The official certificate of search may, from time to time, be altered,
by the bonded official responsible for preparing such certificates, in order
to correct any errors or omissions or to add any municipal liens or related
charges due and payable subsequent to the preparation of the official certificate.