[HISTORY: Adopted by the Township Committee
of the Township of Oxford 3-16-1995 by Ord. No. 95-2 (Ch. 54 of the 1974 Township
Code). Amendments noted where applicable.]
No insurance company shall pay any claim in
excess of $2,500 for fire damages on any real property located within
the Township of Oxford, pursuant to any fire insurance policy issued
or renewed after the adoption of this chapter and after its filing
with the State Commissioner of Insurance, except as follows:
A.
The insured individual or entity submits an official
certificate of search for municipal liens pursuant to N.J.S.A. 54:5-12,
certifying that all taxes, assessments or other municipal liens or
charges levied and assessed and due and payable against said property
have been paid; and
B.
The insured person or entity has submitted a certification
acknowledged by a notary public commissioned in the State of New Jersey
that all demolition costs have been paid or that demolition is not
required; or
C.
The Township provides the insurer with a certified
copy of a resolution pursuant to which the Township has entered into
an agreement with the owner of the 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, for the redemption of any
tax sale lien by installment payments pursuant to N.J.S.A. 54:5-65
et seq., or the payment by installment of any anticipated costs of
demolition.
Any request for an official certificate of search
for municipal liens pursuant to this chapter shall specify that the
search concerns fire-damaged property.
The Township's claim made in accordance with
the provisions of this chapter shall be paramount to any other claims
on the proceeds of the fire insurance policy, except as provided in
N.J.S.A. 17:36-12, as it may be amended from time to time.
In the event that an appeal is taken on the
amount of any lien or charge, other than an appeal based upon the
assessed valuation of real property pursuant to N.J.S.A. 54:3-21,
the insurance company shall comply with the procedures set forth in
N.J.S.A. 17:36-10, as it may be amended from time to time.
