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House fire of still flooded home in Houston, blessing in disguise?
Posted on 9/2/17 at 9:52 am
Posted on 9/2/17 at 9:52 am
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Just saw this posted on wafb Facebook page. Fire fighters wading through 2-3 feet of water to put out a fire on a housing complex. Blesssing in disguise for the owners? I'm sure many who didn't have flood insurance last year would have rather this, at least they would have gotten something from their insurance.
Just saw this posted on wafb Facebook page. Fire fighters wading through 2-3 feet of water to put out a fire on a housing complex. Blesssing in disguise for the owners? I'm sure many who didn't have flood insurance last year would have rather this, at least they would have gotten something from their insurance.
Posted on 9/2/17 at 9:53 am to gsvar2004
Probably home owner with no flood insurance torched the sonofabitch before daylight
Posted on 9/2/17 at 9:56 am to gsvar2004
Would they devalue for the flood before paying out for the fire? If so isn't really a benefit besides dealing with the gutting and whatnot.
Posted on 9/2/17 at 9:58 am to gsvar2004
Fire insurance adjuster will probably still determine how high the water got, estimate the cost of the flood damage that occurred before the fire, and subtract that from fire claim settlement. Not that easy to get over on insurance company. And thats assuming the building owner doesnt get busted for arson because the fire dept and insurance company will both be investigating the cause of the fire
Posted on 9/2/17 at 9:58 am to gsvar2004
I seem to remember a "Which came first?" issue with wind & tidal surge with two different insurance carriers on the same properties following Kortina.
Posted on 9/2/17 at 9:59 am to gsvar2004
I would imagine if that person had homeowner's insurance they would investigate the causes for months before making a final decision.
Also...if you got 2-3 feet of water in your home you could still salvage stuff that was higher up. Now with the fire...you really have lost everything.
Also...if you got 2-3 feet of water in your home you could still salvage stuff that was higher up. Now with the fire...you really have lost everything.
Posted on 9/2/17 at 10:35 am to gsvar2004
This happened to my buddy in the flood of last year. Actually think it complicated things moreso than helped
Posted on 9/2/17 at 10:36 am to gsvar2004
I'd still rather only lose half of my belongings than all of them.
Posted on 9/2/17 at 10:53 am to gsvar2004
Homeowners insurance will pay SO MUCH BETTER than flood insurance.
Posted on 9/2/17 at 10:58 am to Tiger Prawn
quote:Still better than nothing.
Fire insurance adjuster will probably still determine how high the water got, estimate the cost of the flood damage that occurred before the fire, and subtract that from fire claim settlement.
Posted on 9/2/17 at 11:15 am to novabill
Not if they determine cause of fire was from flood water.
Posted on 9/2/17 at 11:56 am to Geauxtiga
Maybe if you owned the house free and clear. But if you still had a mortgage, the insurance check will be payable to both you and the lender. Lender wont release any of that money unless you're showing proof of the repair work. So if you plan to just walk away, the bank keeps the fire claim money to go towards loan balance. Bank wins, not the homeowner
Posted on 9/2/17 at 12:19 pm to gsvar2004
No that's what you call Jewish lightning
Posted on 9/2/17 at 12:24 pm to gsvar2004
Should you leave a pot on a stove to "accidentally" burn down your house,if you are certain your house flooding is imminent?
Posted on 9/2/17 at 2:05 pm to gsvar2004
These were the vogue in Chalmette, post Katrina. They collected.
Posted on 9/2/17 at 4:09 pm to JawjaTigah
quote:
Chalmette
New Orleans East also preferred gutting the house with flames.
Posted on 9/2/17 at 4:21 pm to gsvar2004
At the time of loss, the home had 3' underwater or damages by flood. Homeowners would pay for the flood line up damaged by fire. Cabinets, flooring etc were flood damaged and they are what cost the most during repairs
Posted on 9/2/17 at 4:22 pm to gsvar2004
It was interesting how many houses caught on fire after Katrina..
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