No one will say for sure, but the parents of Trayvon Martin have settled their lawsuit against the Retreat at Twin Lakes Homeowners Association, in Sanford, Florida, for more than a million dollars.
Martin was shot to death during a struggle with George Zimmerman who was serving as the neighborhood watch chairman.
It’s unclear whether this HOA was covered by insurance at the time of Martin’s death. It is clear, however, that the Retreat at Twin Lakes board quickly bought a Travelers Casualty insurance policy a few weeks after the incident. But Travelers Casualty has made it clear the insurance company was not a part of this settlement.
So, a big mystery: Was the Retreat at Twin Lakes insured when Trayvon Martin was shot? If so, why did the HOA do such a mad scramble to get insured after-the-fact. If not, then individual homeowners there are going to get hammered with a huge special assessment for legal fees, for the judgment, and for the inevitable hike in their insurance premiums.
Now, for those of you who think a Homeowners Association protects your property values, how do you think that’s working out for the folks who live in the Retreat at Twin Lakes? Home prices there are somewhere at the bottom of the outhouse.
This chart from Zillow.com is fascinating:
Will the last one leaving Sanford please turn out the lights?