This will also include life insurance payments for the survivors.
In many cases, the cause of a disaster is not so much climate change per se, as people living in places where they really shouldn’t, like sand dunes and areas extremely prone to forest fires, just because the scenery is pretty. Folks, there are reasons why the Native Americans didn’t even camp on some of those hills.
There is a bit of a difference since you have no ownership stake in your apartment. In a condo the unit owners also own a share of the common areas (including the structure). In a total loss the insurance proceeds from the master policy would be distributed amongst all the owners in proportion to their share of the condominium, just like had the collapsed not happened their share of the repairs is proportional.
The “owner” of the property is the collective owners of the individual units - not the condo board, not the management company.
Oh, I was confused by “sublet” - I’ve only heard that term used for renting out a property that you are leasing from someone else.
Your condo fees are paying for the master policy that covers the building structure and common areas. There seems to be some confusion in this thread about who actually owns the building and grounds outside the units - it is the unit owners collectively, not some outside party.
Two companies are working together to demo the damaged tower Sunday.
I’ve read about other demolition projects. It usually involves a lot of planning and prepping of the building. This Condo project only has a couple days to prepare. CDI is very experienced and I guess they have the confidence to take this project.
Exactly, I think you may have missed my point. But there is one possible exception to your assertion, which is if they were demoing in the bedrock to sink pylons. Bedrock is notorious for carrying vibrations a long way, which is why small earthquakes on the East coast are felt by every-dang-body.
But my original point was that they were actually feeling the beginning of the building failure. But being lay people, and humans, and probably bothered by construction noise, they blamed the sensation on the nearby construction, and missed the warning that might have saved their lives.
I think they have the confidence; otherwise, I don’t think they would take the job on. Undoubtedly, industrial buildings are more robust and time consuming; but there have been many implosions of Las Vegas (and other locations’) hotels, which I imagine are not much different from condo towers.
If you’ve got the experience, the engineers, the blueprints, and the expertise, I’d imagine you could put together a plan to bring this structure down in a fairly short time.
I know this is trivial in the grand scheme of things, but it must be incredibly frustrating to be one of those residents in the remaining tower unable to recover any of your valuables or keepsakes. All you can do is sit and watch as they get blown to kingdom come.
I imagine there is some pain and grief over that, but for people who fled the falling building - read some of the accounts, they’re pretty dramatic - there’s probably also a gut-level comprehension of why that would be a very bad thing to attempt.