SD Realtor should have a good laugh indeed. The conspiracy theoriests don’t seem to comprehend the basics of home owner insurance or construction insurance for that matter. These insurance policies only cover the value of the structure, which is likely only half or less of the property value. So an upside down owner with a burnt down house is still upside down even after the insurance payment — as the insurance is likely less than half of what he owes in mortgage. Indeed he is likely even more deep in the debt since the land is likely worth a lot less without a structure on it and meanwhile he has lost the use of his home as a shelter. These are simply pathetic from an economic point of view and a lot worse from basic human decency.
