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Lost his home in the fire and NO INSURANCE???

By Ruth Vogt

Mortgage and Lending with Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. NMLS257576

September 09, 2010 05:48 PM

I was listening on the news today on my when into work as the radio station interviewed a gentleman who said just that: my home burned down and I didn't have a drop of insurance.

My first thought was: then there wasn't a loan on it or he would have HAD to have insurance.

His interview went on to say that his home was over 120 years old and he couldn't get insurance. Really? I've never heard of that, to be honest??

He had lived there for 25 years. He had 53 acres of land and said only about six trees didn't burn to the ground - along with his home!

News reports tonight say over 160 homes have burned. Largest loss of homes ever in the state of Colorado. And the wind is kicking up again tonight, so who knows what we'll wake up to in the morning!

Those affected by this fire will certainly be in our prayers.

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Rita Fong

RE/MAX REAL ESTATE TODAY, Executive Broker 901-488-9590 - Marion, AR

Realtor - Marion Arkansas Homes for Sale

Ruth, that is a very sad situation, no home to go back, and no insurance at all. I really don't have a word for it, except praying for them.

Sep 09, 2010 05:51 PM

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Ruth, So sad … we have had our share of fires in my area as well. It’s amazing how people group together to support each other and how we all seem to recover. Prayers indeed.

Ruth Vogt

Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate. - Colorado Springs, CO

719-592-0855 www.ReverseLoansInColorado.com

I know those families are greatful to both of you for your prayers. Thanks for stopping by.

Sep 09, 2010 05:56 PM

Melissa McKinney

Everything Pines Partners Fayetteville - Fayetteville, NC

Realtor, www.LivingFayetteville.com

Ruth~ That is just awful! I hope the community comes together to help the victims of these tragic events...

Kathy Smiley

Rodeo Realty ~ Fine Estates Westlake Village - Newbury Park, CA

"Real Estate results that make YOU smile!"

Very tragic - but it's true, there are many places, especially in California, that are insurance challenged. Isn't there the California FAIR Plan that should have covered his property, though? http://www.cfpnet.com/ I don't know if his property would have qualified, but it might have been a good investment for him..? In any case, very sad to lose so much. *** Ruth, I just noticed you're in Colorado, not California. Does Colorado have a similar plan?

Sep 09, 2010 05:58 PM

Juli Vosmik

Dominion Fine Properties - Scottsdale, AZ

Scottsdale/Cave Creek, AZ real estate 480-710-0739

OMG, how sad. I sure hope he has the support of friend and family. I also hope that everyone in the path of the fire are safe - loss of "things" are just "things".

Stay safe.

Sep 09, 2010 06:12 PM

Joetta Fort

The DiGiorgio Group - Arvada, CO

Independent Broker, Homes Denver to Boulder

I have heard that some homes were deemed uninsurable, but that was right after the big fires in 2001 (I think it was 2001). The issue seemed to have died down. I wonder if he couldn't get insurance years ago, and just never checked again? So sad.

Sep 09, 2010 06:15 PM

Will Handley

Progressive Inspection Service - San Juan Capistrano, CA

Certified Master Inspection Services

He'll be fine with the help of an attorney. PG&E just announced it was a rupture and explosion in one of their major gas lines that caused the fire and resulting devastation.

Sep 09, 2010 06:18 PM

Jackie Connelly-Fornuff

Douglas Elliman Real Estate in Babylon NY - Babylon, NY

"Moving at The Speed of YOU!"

This is tragic! I wonder what PG&E are going to do for those who had no insurance? This is a story worth following Ruth!

Sep 10, 2010 12:09 AM

Mary Douglas

United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO

REALTOR, Red Feather Lakes, Colorado

Hi Ruth, How sad it is to see the mountains on fire and so many people displaced. I missed this story about no insurance, too - that's heartbreaking.

Sep 10, 2010 01:57 AM

Melissa, I trust they will. I can know understand better the expression, "once the dust settles".

Kathy, Interesting that when you saw the blog about the fire, you thought of California. I'm not sure if we have that plan or not, to be honest. I've never heard of it for some reason so I doubt it???

Juli, He had already been offered housing. I even heard of a family that was given a YEAR of housing by an organization.

Joetta, I think you might be referring to the Hayman fire in 2002. We actually had to postpone closings because insurance companies wouldn't insure. If I recall correctly, it wasn't too long after that our contracts were changed to include a hazard insurance deadline.

Sep 10, 2010 02:50 PM

Will, I think that was the fire in San Bruno California???

Jackie, PG&E electric I think is Pacific Gas and Electric (made famous by the movie Erin Brockovich - one of my all time favorites, I might add!) That must have been a fire in California, not here in Colorado.

Mary, In his interview I think he said something like "at least I'm not homeless", which made me wonder if this might have been a second home possibly???

Sep 10, 2010 02:57 PM

Lost his home in the fire and NO INSURANCE???

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