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Health & Fitness

The Velvet Tight Rope

When there is an arson fire, will your insurance pay you promptly or will it investigate your motive and opportunity to set the fire?

Early morning June 3, 2012, Oak Park bar and nightclub, The Velvet Rope, was destroyed by fire.  In the twenty-four hours following the fire, it was that the State Fire Marshal’s office determined that the probable cause of the fire was arson. 

Insurance companies refer to arson fires as set, intentional or incendiary fires. Most arson fires are covered by insurance and paid out like an accidental fire. However, in a small handful of cases involving an alleged arson fire, it is the misfortune of the insured to fall under suspicion as the individual that started the fire.  In these situations, the insurance company begins to investigate the insured’s motive and opportunity to set the fire.

When the insured is suspected of starting an arson fire to collect the insurance money, it could be months before the investigation is completed and the insured is exonerated and paid, or has to sue to recover.  I have spoken extensively on this topic in an article titled: “Suing Your Insurance Company.” The link for the article is located below:  http://www.insurancequotes.com/suing-your-insurance_company/.

Find out what's happening in Oak Park-River Forestfor free with the latest updates from Patch.

If you have been the victim of an arson fire and called for an Examination Under Oath by your insurance company, call today for a free consultation.  

Call now:  1-800HOAGLAW
*This blog previously ran on our website.

Find out what's happening in Oak Park-River Forestfor free with the latest updates from Patch.

Lynette Simmons Hoag
Hoag Law Group, LLC

3727 N. Kedzie Avenue
Chicago, IL 60618
(312) 878-7000 phone
(312) 878-7001 (fax)

http://www.H-L-G.com/

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By Appointment Only:
161 N. Clark Street
Suite 4700
Chicago, IL 60601

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