VOCAL Neighbors

Another insurance issue - FYI.

One gentleman that I spoke with last night told me that long ago, he had the opportunity to landmark his row home on Lincoln. Was he glad he did not! As it turned out, a neighbor wound up doing renovations to the row house next door. Could not get any indemnifications for construction-related damages. The neighbor wound up cracking his stone foundation. What was homeowner's insurance willing to pay for? Someone to caulk the crack, a minor repair. What would he have had to do if his home was landmarked? Aside from the permitting process, he couldn't have used caulk; epoxy is not considered to be historical building materials. He would have had to replace a nearly 8 foot wide stretch of stone. None of it covered by insurance Do that out-of-pocket-expense math...

posted by The Grants @ 4:34 PM