Posted by Mike (WA) on March 31, 2011 at 16:08:16 from (69.10.196.7):
In Reply to: TRACTOR FIRES posted by Detmurds on March 31, 2011 at 15:44:38:
Don't know about tractor fires, but I used to do commercial fishing boat financing with PCA back in the 70's and 80's. We experienced a lot of what we called "friction fires"- caused by the mortgage rubbing up against the insurance policy.
Got word one day that a boat we had financed (and was seriously in arrears) had sunk off the coast of California. I told my guy from California, and he got a big smile- "I'll bet it's at xxx (location off Fort Bragg- don't remember the specific name). Checked back, and sure enough, that's where it was. Cal guy said water there was 1200 feet deep, and currents such that a diver couldn't go down and inspect.
Insurance Co. said they suspected foul play- they weren't going to pay for a year, while they investigated. We told them, Go ahead and investigate- we'll be waiting.
Year went by, and check for the entire amount showed up. Case closed.
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