Exterior damage caused by neighbor's house fire-my insurance pays
I am a bit in shock. One week exactly after we closed on our new home, the house behind us burned and was taken down that night to avoid any possible caused by sparks, etc.. The entire siding on the back of our house is melted with other minor items.
The adjuster said we would have to use our deductible ($2500!) and our insurance company would reimburse for repair/replacement because it was determined the neighbor's fire was not intentionally set or faulty wiring was not installed. It was, however, due to old wiring with a pile of wood next to the wiring.
I still cannot believe that our insurance has to cover damage cause by someone else's"fault". We live in MA and have had homeowners for almost 30 years with not not one claim. Will my premium go up? Unreal!
I would go after my neighbor, but being the new kids on the block, we don't think that would go over very well.
Any thought, please?