Originally Posted by George Foster
I have earthquake insurance on my house but it has a 15K deductable. Maybe for such an incident, especially for an apartment building, he has a huge deductable. I think he deserves to get back every dime he has coming to him. Lost income and the amount of the deductable. he should not make a profit however.
I know this Larry Rosenthal, he refers to himself as "dentist to the stars." He was doing cosmetic dentistry before it was sexy. He does wonderful work, and does CE courses all over the world. I doubt he is still "homeless." With that being said, if I lost my house, and my insurance did not cover everything, I deserve to be compensated and "made whole." The article did not say weather or not his insurance covered his loses. Maybe they screwed him over and said that he did not have "airplane crash coverage into your living room coverage." Also since he owned the apartment, it had to decline in value after the accident, like a car is not worth as much, even after you fix it after a crash.
This is a fair point. I would go further. There is no reason the dentist HAD to have insurance against such an event (an airplane crashing into his apt).
(Heck, I'm not sure my house has such coverage)
He should be able to seek restitution for every cent of what he lost.
Maybe it's a $7 million apartment. NY real estate values are a bit crazy.