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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So hold on - this family is literally f#cked because their neighbor committed a crime?

What if they owe $500K on their mortgage? They now have half of a worthless property that will sell for peanuts.

If my neighbor sets his house on fire and in the process burns down my house (live in a townhouse), am I essentially screwed and my insurance won't cover ANYTHING?[/quote]

I didn't think this was how insurance worked. Yes, if I burn down MY house in purpose I can't collect..but if I burn down my neighbors house that is different. Burning down my own house ans attempting to collect is insurance fraud. Burning down my neighbors house with them having no part in the crime is NOT insurance fraud and therfore I dont see why they can't collect. [/quote]

Say you and your neighbor decide to burn down each other's houses. Now what?[/quote]

That is obviously a crime and you are in it for financial gain. But if an innocent party has their house burned down on purpose insurance should cover that. The issue is not the act of arson itself but the motivation for financial gain. [/quote]

Okay, I just did more research. I guess it depends on the policy. No policies cover arson from the homeowner but some cover arson by a third party where the homeowner was innocent. My guess is that in this case the insurance will cover since it is such a high profile case, but who knows. [/quote]

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