I had recently purchased a used vehicle- private sale. After the purchace I operatered the vehicle for less than 30 minutes and it caught fire. It was a total loss and the seller pretty much told me tuff luck. My insurance company was willing to cover the loss excluding the aditional equipment...

California state law requires 100 feet of vegetation clearance with 30' cleared and 70' reduced veg. The local fire district is saying all 100' must be cleared. Can the local regulation be stronger than the state? Thank you for any help.

on December 20th a fire breaks out in the factory and destroys stocks valued at 10,000. The insurance company admits the claim for loss of stock to the value of 6,000 only, which will be paid after the year end (December 31st). Can anyone please help me out with the Journal Entry for this on the...

Hey, I just had a quick question If a company purchases a machine for $178k (useful life 6 years, $14,000 salvage value) and it's destroyed in a fire at the end of the 5th year, if the insurance company then pays $30,000 to settle the loss, what would the journal entry/entries look like? I was...

My brothers' apartment caught on fire due to a hot water heater, does he have any recourse? He did not have renters insurance but the total loss fire ( no loss of life or pet thank goodness) has left him with nothing.