If they have good insurance they would stand to make more money that way than selling in a sluggish market.
Many business owners want OUT for many reasons..
Of course for big claims like this there will be profound investigation before payoff.
In both cases they would get the $$ value & retain the land(lease contract) depending on the ownership/use provisions.
I had a client in NC who did that (and was caught) at NC when a hurricane came thru. He was buried in a major mortgage(over collaterally... sound familiar?) in a very slow market with beach property. He thought this would help. He went to jail instead.
Ooooh someone ‘fixing his problem’ during a hurricane with arson? Yikes. No wonder he went to jail. (What would legitimately cause a fire there tonight?)