Quote:
Originally Posted by
Rick Sutton
β‘οΈ
I'll bet that you'll have much better insurance this time!
Well the bottom line with the insurance is this.....
The night of the fire I had told the fire investigator while flames were shooting out of the roof of my building that they would find out it was arson and that it started in the restaurant because the guy that owned the restaurant had hit me up 3 days before asking me for $50K to invest in his restaurant. I did not know this guy at all. I had never talked to him before. He also had told me he needed to pay off his business partner by New Years day. The fire investigator asked me if I would put it into writing and I said "Hell Yeah!"
Well, here it is New Years Day and I am watching flames shoot out of the roof of my building. Because I put it writing that me and the D-Bag that owned the restaurant had talked about money, and everything I said they would find out during the investigation turned out to be true, and I put in writing that we had this conversation, I had implicated myself into a criminal act and now it would have to go through the trial process. I was told that because of all of the circumstances that by law it had to go through this process and that process would be used to exonerate me.
Well the guy split the country and moved to Vietnam. Since they could not go through the trial process without the perpetrator, nothing could get resolved and nobody got paid. Not me, the building owner, or the restaurant owner (duh).
Anyhow, I had a business insurance attorney (who knew there was such a thing?) go over all of this and spend a few months trying to help me sort it out but the bottom line was that the way the laws were written, unless it can go through the trial process and clear my name, nobody got paid.
Not the insurance companies fault. All three insurance companies involved had the same requirements in their policies that they were required to have by law. Nobody gets paid out until the criminal process has been completed.
If I had just kept my mouth shut and let the investigators do their job and not tried to help out, everyone would have got paid out. I thought I was helping my cause, but in the end it screwed everyone. Who knew?