if I buy a house in hurricane country, how many paydays can I get from insurance companies?
July 18, 2010 - 10:47 pm
over the say next ten years, I plan to put some cheap furniture in it and visit about 1 time a year before hurricane season.
Dream on, one of the reasons it looks as bad as it does down there is that the insurance companies still haven’t paid out.
They claim that the damage was caused by something they don’t cover, flooding, even when its clear it was caused by wind driven rain, which they do.
I guess you also don’t know that they inspect the house before they insure it. So if you want to run a con, you are going to have to try harder.
I had a house fire a number of years ago, they put you through hell before they lay out a dime. It was so bad I miscarried.
Find another way to commit fraud.
July 19th, 2010 at 4:26 am
Well since the insurance companies, insure a house, for its actual value.
IE:
You cannot insure a $60,000 house for 2 million dollars.
As long as you keep rebuilding the house,
And keep paying your ever increasing insurance premiums.
Go for it.
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