Overnight in Shelton a 4 story older brick building downtown on Howe Ave. was destroyed in a fire that went on through the night.
There were 5 injuries and no fatalities.
If this was your building you would want to know this about your insurance:
What was the amount the building was insured for? Will it be enough to rebuild? Will it be enough to cover additional costs to bring it up to code (as it was an older building)?
Cash flow income from rents has immediately reduced to $0 per month. Will the insurance adequately provide for loss of rental income? There may still be a mortgage to pay and there will certainly be other expenses.
If you were a tenant, either residential or business, you also have questions about how your insurance will help you purchase new contents and equipment, find a temporary home elsewhere and cover other expenses.
Consult us if your concerned that your insurance plan isn’t answering these questions to your satisfaction.
This is what we do; this is what we’re here for.
http://foxct.com/2014/01/06/major-fire-breaks-out-in-shelton/
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