I’d have to guess you’ve never purchased or leased property, and involved financial institutions. Insurance isn’t optional. The payouts aren’t a payday windfall for the property owner (or lessor), they are intended to rebuild or restore the property.
As to terrorism coverage, that had become common. The WTC had already been the target of a truck bomb in the basement – in 1993.
This probably isn’t the gotcha you seem to think it is.
Wallsend_House on
Which insurance company paid out, did it destroy them??
TacticalBongHit on
He also didn’t show up on 9/11 even though he’s always there
4 Comments
Good old lucky Larry!
I’d have to guess you’ve never purchased or leased property, and involved financial institutions. Insurance isn’t optional. The payouts aren’t a payday windfall for the property owner (or lessor), they are intended to rebuild or restore the property.
As to terrorism coverage, that had become common. The WTC had already been the target of a truck bomb in the basement – in 1993.
This probably isn’t the gotcha you seem to think it is.
Which insurance company paid out, did it destroy them??
He also didn’t show up on 9/11 even though he’s always there