Quote:
Originally Posted by Oh Haha
Glad you guys are ok. I can't imagine how the folks in Moore deal with the devastation.
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One of the stories I heard told by a friend that he heard from a friend's cousin next door neighbor so it is likely BS but...
A guy bought a house in Moore that he planned to fix up while he lived there and then flip it. He bought full replacement insurance so the insurance company pays to rebuild the house. His house was destroyed on May 3rd. 1999. Bingo, brand new house. He gets it landscaped and sells it for a nice profit and moves to a nicer house in Moore to flip. It gets destroyed. Bingo new house. Flip that and move again. Guess what. Now he lives in a very nice new house that he had rebuilt just like he wanted. He has no old photos or family heirlooms but he has a nice house.
My house is insured for full replacement. If it is destroyed the insurance rebuilds it just like it was. That would cost more than the house would sell for right now.