How's this for a real estate investor/landlord story. I currently own a duplex with units that are side by side with driveways that slope down into the first level garage/basement. The duplex is at the end of a"T" intersection. A few weeks ago, I get a call from one of my tenants that a car has RAN INTO THE DUPLEX. Now, I've heard some pretty funny "tenant diagnoses" of maintenance issues with the property over the years, but I was pretty sure that my tenant couldn't have been misdiagnosing this one.
Apparently, someone decided to have 1 to 75 too many drinks and drove a Buick Enclave right through the garage door, through the garage, through the garage wall and into the basement. I don't know how they managed to go directly into the garage of just one of the units and not hit the other car in the driveway. It also appears from the picture that they didn't miss the fusebox by much. Even luckier, the tenants who live in this unit were on a spur of the moment vacation and didn't have their car in the driveway. There were no injuries (including the driver, amazingly?) which is the best news of all. Well, unless you count the huge headache that this has caused...
You going to get a decent pay out from insurance AND a BRAND NEW GARAGE DOOR! Keep us updated on how much fun it is to deal with insurance companies
Pretty clear cut case of breaking and entering.
Sorry to hear that! My buddy had a pipe burst while he was skiing this winter. It ruined his newly renovated kitchen. The insurance covered it and paid him for the money he would have made renting out the unit. You should see what the going rate is to rent out a garage in your area and claim a loss in income for the time it is under renovation.
To @Remington Lyman 's point, NEVER pass up "loss of rent" coverage in an insurance policy for an investment property! I'm so lucky I didn't strip it when trying to lessen my annual insurance premium. Now my insurance provider will pay me the rent I'm owed if my tenants have to vacate the property during the repairs. This appears to be a very lucky, unlucky accident.
Wow @Steven J. Umaña , that's crazy! SO glad no one was hurt! It's stories like these that we'll be telling for the rest of our lives, haha :)
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