Condos on Fire …. HHHMMMM

[Dougie944]

From the UT….I present this article for you to decide what happened

http://www.signonsandiego.com/news/metro/20070523-1023-bn23fire2.html

[eccen in esc]

eccen in esc
same thing happened in Escondido a few months back. I think I had the same thought as you

[eccen in esc]

eccen in esc
same thing happened in Escondido a few months back. I think I had the same thought as you

[HereWeGo]

Who’s the insurer? You know they’ve dispatched a swarm of arson investigators.

[HereWeGo]

Who’s the insurer? You know they’ve dispatched a swarm of arson investigators.

[NotCranky]

You might be surprised how little the insurer cares.They will send out investigators but they have to have 100% proof and and the arsonist has to be someone with lots of money for them to care. The insurers interest is in denying the claim or getting “subrogation”. Both are practically impossible to do given the uselessness of law enforcement today and the defenses someone can put up against subrogation. Your premiums take care of the insurance company.Someone might get caught in this case but it is not the norm.

[NotCranky]

You might be surprised how little the insurer cares.They will send out investigators but they have to have 100% proof and and the arsonist has to be someone with lots of money for them to care. The insurers interest is in denying the claim or getting “subrogation”. Both are practically impossible to do given the uselessness of law enforcement today and the defenses someone can put up against subrogation. Your premiums take care of the insurance company.Someone might get caught in this case but it is not the norm.

[4plexowner]

How were sales going in this project?

They have been on the market for several months – it would be interesting to see how many, if any, of the units have closed escrow

IMO, this project is poorly located and horribly over-priced for the location

Perhaps the investors/builders realized what a horrible decision they made in building this project and decided,

“there’s nothing wrong with this project that a good coat of fire wouldn’t fix”

[4plexowner]

How were sales going in this project?

They have been on the market for several months – it would be interesting to see how many, if any, of the units have closed escrow

IMO, this project is poorly located and horribly over-priced for the location

Perhaps the investors/builders realized what a horrible decision they made in building this project and decided,

“there’s nothing wrong with this project that a good coat of fire wouldn’t fix”

[Author]

Posts