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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]

I agree this will likely be covered as vandalism. And there are usually specific exclusions for things like terrorism, civil unrest, etc. so the comparison to riots is not accurate.

However, there was a news story within the past year or so about a woman run over on purpose by a driver and the car insurance wasn’t covering it as an intentional act. But I believe it was the driver who had the insurance. Which sucked because the innocent third party could not collect. In this case the family is the policy holder. I think they will be okay, but it’s going to be a long process to get everything paid out, settle into a new home for the long term, deal with any litigation against the neighbor’s estate. My heart goes out to them and I hope they have a good lawyer and third party adjuster.[/quote]

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