Tank Insurance???

[JeremyGlen]

If it is a corporation, you will be entitled to first dibs on assets if you sue and he closes. If it is not truely incorporated, he is completely liable for everything and you can take his house if the damages are that much. Take him to court for the entire damages and then some if you can. At least get your court costs covered as well as replacement for everything that was furniture, flooring, tank, stand, etc. I doubt you will be able to get the contents of the tank covered, unless you have photo proof that you had it at the time of self-destruction.

Like I said, if it is a corporation, under the law you will be first in line to get the assets of the company to sell at auction to recover damage. My dad has been going through this with a company that he "invested" in and co-signed a note for. Go in guns blazing, sounds like he won't know what hit him.

[Hotrod32487]

Yeah, stick it to the man!

[jroescher]

A lack of anything better for me to do at the moment, so here's what you get.

What you can't sue for:

Personal property with an aggregate fair market value of $60,000 for a family and $30,000 for an individual is exempt from garnishment, attachment, execution or other seizure. Personal property includes hime furnishings, clothing, tools, equipment, motor vehicles, pets and farm animals on hand for consumption. However, this exemption does not prevent a secured creditor from seizing his collateral. Wages, alimony, separate maintenance, and progessionally prescribed health aids are not included in the aggregate limitations for personal property. A debtor can designate what personal property is exempt from seizure.

Wages are not not subect to garnishment in Texas, except for the enforcement of court ordered child support. Alimony, support and separate maintenance payments received may not be garnished. However, the IRS can garnish watges for back taxes and default on federally guaranteed student loans.

A really simple view of the Texas Property Code Sec:42. You would really need a real lawyer's advice.

Everything you ever wanted to know about Texas Law, for when you need something to put you to sleep.
http://tlo2.tlc.state.tx.us/statutes/statutes.html

[Beverly]

GMFett,
Who do you have insurance through and how long have you had it? Just got off the phone with State Farm and they have said that, "things have changed in the past two years and that option is no longer avaiable."
I explained to these guys that I still have 2 tanks and NEED insurance to cover them or any damage created by them, regardless of why, breakage, flood, fire etc....
They said and I quote, "Good luck finding that under RENTER'S, NOT GOING TO HAPPEN."
Anyone out there with renter's that has coverage, please let me know. Thanks!!!

[GMFett]

Allstate can take care of you.