[HISTORY: Adopted by the Township Committee (now Township Council) of the Township of Hillside: Art. I, 5-15-1979 by Ord. No. G-154-79 (Ch. XIII, Sec. 13-15, of the 1971 Code). Amendments noted where applicable.]
[Amended 5-4-1993; 6-7-1995]
Any insurance company authorized to issue fire insurance policies in the State of New Jersey on real properties located within the Township of Hillside is prohibited from paying to a claimant any claim in excess of $2,500 for fire damages on any real property located within the Township of Hillside pursuant to any fire insurance policy issued or renewed after the final adoption of this chapter and after filing of the same with the New Jersey State Commissioner of Insurance until such time as anticipated demolition cost and all taxes and assessments and all other municipal liens or charges due and payable to the Township of Hillside appearing on the official certificate of search shall have been paid by the owner of such real property or by the insurance company. It shall be the responsibility of the claimant to inform his or her insurance carrier of its inability to accept payment pursuant to this chapter absent the satisfaction of all official liens as assessed to the subject property. The owner has an additional responsibility not to accept payment absent the satisfaction of all obligations to the municipality referred to herein.
An insurance company is hereby authorized and required, prior to the payment of any claims for fire damages in excess of $2,500, to pay to the Township of Hillside the amount of the liens appearing on the official certificate and such other recorded liens or related charges as may be certified to the insurance company; provided, however, that if an appeal is taken on the amount of the lien or charge, other than an appeal on the assessed valuation of real property pursuant to N.J.S.A. 54:3-21, the insurance company shall withhold 75% of the full amount of the lien or charge contested, pending termination of all proceedings, at which time such moneys and all interest accruing thereon at a rate paid on interest-bearing accounts in banking institutions or savings-and-loan associations in the state shall be disbursed in accordance with the final order or judgment of the court.
The Township Council may enter into or may authorize the Tax Collector by resolution to enter into agreements with the owners 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 redemption of the tax sale lien by installment payments pursuant to Article 7 of Chapter 5 of Title 54 of the Revised Statutes, if the Township Council 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 such resolution adopted by the Township Council is authorized to make full payment on the claim to the insured person.