Search
 

Featured Fraud: Fired Up

An Idaho woman who set fire to her home destroyed both her basement and her chances of collecting an insurance payout.

By Catherine Couretas | Updated on August 05, 2011

The purchase of a new home can keep a buyer busy, especially with all of the initial remodeling and furnishing that takes place to improve the look of the house. One homeowner decided that instead, while she was having parts of her home remodeled, she wanted to destroy one portion to bring in some extra cash.

In January of 2009, Theresa Norton purchased a home in Pierce, Idaho for $85,000. She took out an insurance policy on the house for $240,000, and began to move in some items and remodel parts of the home that spring before moving her family in permanently that June.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.