Insurance Thieves...

[David P. Valley]

Originally Posted by bgarrison

I know nothing about personal lines insurance, i.e homeowners, auto, etc., etc. But what I was told tonight over dinner was that fire is the biggest reason for coverage when it comes to homeowners insurance. Not sure the insurance companies can get out of this one. They will have to pay. That's when homeowners are glad that they paid that premium. Theoretically. Time will tell.

How long will it be before they suspect it's an act of terrosim? Would not surprise me.

http://www.businessweek.com/ap/finan.../D8SFTDT80.htm

[klott]

[quote=bgarrison]I know nothing about personal lines insurance, i.e homeowners, auto, etc., etc. But what I was told tonight over dinner was that fire is the biggest reason for coverage when it comes to homeowners insurance. Not sure the insurance companies can get out of this one. They will have to pay. That's when homeowners are glad that they paid that premium. Theoretically. Time will tell.

How long will it be before they suspect it's an act of terrosim? Would not surprise me.[/quote] I consider all arson to be acts of terrorism, the question is will the insurance companies be off the hook if it classified as terrorism?