Quote:
Originally Posted by sextile
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-- In today's BKK. POST. 'paper's. Business Section is a leading article about C'WORLD., wch. has 13B.Bh. Industrial 'All Risks.' ins'ce. and 1OOM.Bh. Riots & Terrorism ins'ce..
- Damage has occured to all 7fl. of ZEN with 528K.sq.ft. & to ZEN TWR. of 13fl. with 317K.sq.ft. of sales' space.
- CLOSURE is expected to last for some six months and to incur sales' losses of some 1.35B.Bh..
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I'll bet the smaller 100 million baht limit applies. I think that at least the land is owned by Crown Property Bureau. I wonder about the mall (who owns or has master lease on that). I'll try to find the Bangkok Post article now. I'm confident there will be litigation over insurance coverage. I know that if this was in the U.S., the insurance company would file a declaratory action (seeking a judgment that it's only liable for $XX).