Just in case anyone finds this interesting....

Does Insurance Cover Rioting and Looting Damage? Either Way, It’s Disastrous

Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Understood.

Off topic a bit, but isn't it interesting that ObamaCare would allow just that -- coverage after-the-fact.

(09-10-2020 09:57 AM)umbluegray Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Understood.

Off topic a bit, but isn't it interesting that ObamaCare would allow just that -- coverage after-the-fact.

That's one of the things those of us in the insurance industry argued- insurance is not meant to provide coverage after the fact. If your car gets rear-ended, and had prior damage on the back bumper, the carrier would take out the cost to repair the old damage out of their estimate for the damage from the rear end collision.

Back on topic, the business interruption coverage is huge. Businesses can use it pay their overhead, including paying employees. 30 days of coverage is not going to take you very far in a place like Portland where they have been rioting for months and undoubtedly been unable to get the repairs done to be able to re-open their doors.

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Also, BI coverage only kicks in if the claim comes from a covered loss, so in the even that the policy excludes a riot, which is completely possible, then no BI coverage.

In these cases, I think the insurance companies and the non-compensated business owners should be able to sue the rioting individuals and get a cut of their future welfare payments or other income.

(09-10-2020 09:57 AM)umbluegray Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Understood.

Off topic a bit, but isn't it interesting that ObamaCare would allow just that -- coverage after-the-fact.

both posts ^^^ due to 'insulated design to create fail'

(09-10-2020 10:11 AM)GrayBeard Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Also, BI coverage only kicks in if the claim comes from a covered loss, so in the even that the policy excludes a riot, which is completely possible, then no BI coverage.

In these cases, I think the insurance companies and the non-compensated business owners should be able to sue the rioting individuals and get a cut of their future welfare payments or other income.

In the meantime, the businesses could be allowed to move some of their operations into parent's' basements rent-free.

(09-10-2020 10:14 AM)stinkfist Wrote:  

(09-10-2020 09:57 AM)umbluegray Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Understood.

Off topic a bit, but isn't it interesting that ObamaCare would allow just that -- coverage after-the-fact.

both posts ^^^ due to 'insulated design to create fail'

This is why we'll never see a wide spread shutdown due to the current or the next future pandemic again IMHO. We'll never be able to afford it and the costs (financial, human, upsetting the status quo) are too great to ever let it happen again.

(09-10-2020 10:11 AM)GrayBeard Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Also, BI coverage only kicks in if the claim comes from a covered loss, so in the even that the policy excludes a riot, which is completely possible, then no BI coverage.

In these cases, I think the insurance companies and the non-compensated business owners should be able to sue the rioting individuals and get a cut of their future welfare payments or other income.

If a payment is made and you could identify one of the rioters you would have standing to do so. The discovery would be very fascinating, as counsel would ask the defendant to identity anyone else rioting along side them, ask to name who organized them, provided any financial assistance/support, how they got there, etc. Would potentially unmask the backers of these things.

(09-10-2020 11:01 AM)miko33 Wrote:  

(09-10-2020 10:14 AM)stinkfist Wrote:  

(09-10-2020 09:57 AM)umbluegray Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Understood.

Off topic a bit, but isn't it interesting that ObamaCare would allow just that -- coverage after-the-fact.

both posts ^^^ due to 'insulated design to create fail'

This is why we'll never see a wide spread shutdown due to the current or the next future pandemic again IMHO. We'll never be able to afford it and the costs (financial, human, upsetting the status quo) are too great to ever let it happen again.

I'll agree if the USD continues to reign supreme...if not, then ya better know how to eradicate w/0 reservation...

@ticking

FED POWER IS LARGE WITH OUTS

(09-10-2020 11:06 AM)CliftonAve Wrote:  

(09-10-2020 10:11 AM)GrayBeard Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Also, BI coverage only kicks in if the claim comes from a covered loss, so in the even that the policy excludes a riot, which is completely possible, then no BI coverage.

In these cases, I think the insurance companies and the non-compensated business owners should be able to sue the rioting individuals and get a cut of their future welfare payments or other income.

If a payment is made and you could identify one of the rioters you would have standing to do so. The discovery would be very fascinating, as counsel would ask the defendant to identity anyone else rioting along side them, ask to name who organized them, provided any financial assistance/support, how they got there, etc. Would potentially unmask the backers of these things.

Well, the feds reportedly have more than a thousand of these losers in custody already, so there might be some of this coming.

Be interesting to see if they can lay out definitively who is funding these fools. Then sanction the fvck outta them, assuming they are foreign nationals.

(09-10-2020 11:22 AM)JMUDunk Wrote:  

(09-10-2020 11:06 AM)CliftonAve Wrote:  

(09-10-2020 10:11 AM)GrayBeard Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Also, BI coverage only kicks in if the claim comes from a covered loss, so in the even that the policy excludes a riot, which is completely possible, then no BI coverage.

In these cases, I think the insurance companies and the non-compensated business owners should be able to sue the rioting individuals and get a cut of their future welfare payments or other income.

If a payment is made and you could identify one of the rioters you would have standing to do so. The discovery would be very fascinating, as counsel would ask the defendant to identity anyone else rioting along side them, ask to name who organized them, provided any financial assistance/support, how they got there, etc. Would potentially unmask the backers of these things.

Well, the feds reportedly have more than a thousand of these losers in custody already, so there might be some of this coming.

Be interesting to see if they can lay out definitively who is funding these fools. Then sanction the fvck outta them, assuming they are foreign nationals.

Soros

(09-10-2020 11:37 AM)BartlettTigerFan Wrote:  

(09-10-2020 11:22 AM)JMUDunk Wrote:  

(09-10-2020 11:06 AM)CliftonAve Wrote:  

(09-10-2020 10:11 AM)GrayBeard Wrote:  

(09-10-2020 06:27 AM)CliftonAve Wrote:  Very good article, but it missed another significant loss: business interruption. Businesses do have Business Interruption coverage that would cover business loss for a peril, however, most of these mom and pop stores would have only 30 days of coverage. You can purchase additional dates (up fo a calendar year) but it costs more premium. Obviously you can’t go back now and get additional
Coverage for a loss that already occurred.

Also, BI coverage only kicks in if the claim comes from a covered loss, so in the even that the policy excludes a riot, which is completely possible, then no BI coverage.

In these cases, I think the insurance companies and the non-compensated business owners should be able to sue the rioting individuals and get a cut of their future welfare payments or other income.

If a payment is made and you could identify one of the rioters you would have standing to do so. The discovery would be very fascinating, as counsel would ask the defendant to identity anyone else rioting along side them, ask to name who organized them, provided any financial assistance/support, how they got there, etc. Would potentially unmask the backers of these things.

Well, the feds reportedly have more than a thousand of these losers in custody already, so there might be some of this coming.

Be interesting to see if they can lay out definitively who is funding these fools. Then sanction the fvck outta them, assuming they are foreign nationals.

Soros

this is where we find out today's FBI value...

proving vs accusing has proved to be quite difficult when the public's interest matters...

What a glorious sight it would be to see the old Nazi sympathizer on a perp walk for sedition charges.

I would rather those peaceful protestors took up life insurance policies on themselves and the store owners carried Concealed Weapons Certificates.

(09-10-2020 12:26 AM)umbluegray Wrote:  Just in case anyone finds this interesting....

Does Insurance Cover Rioting and Looting Damage? Either Way, It’s Disastrous

All of this is true and what's more the damned media knows it and still lies.

What everyone here needs to know is that rioting and mob vandalism isn't covered in your homeowner's policies either. So if they decide to march through your neighborhood and toss Molotov cocktails your aren't covered, and everything you own will be a total loss.

This is why you have the right to defend your property with whatever means necessary.

This has never been a protest. It's always just been an excuse to riot and steal and law enforcement has been handcuffed by politicians in breach of their responsibilities at least, and complicit in an attack on our country otherwise.

The law would be well within their rights when the first fire is set and the first store looted to shoot every sorry assed mother on the street. And for those who think this harsh, it was the way looting was always handled in time of crisis whether in the aftermath of natural disaster, or riots. Notice was given and anyone still on the streets once notice was given would be detained or arrested, and anyone looting or burning, or destroying property was shot. And the public didn't do anything but applaud. There was no piss poor excuse sufficient to serve as a reason as to why the criminals should be pitied and nothing could cover their despicable acts, and no media outlets would have given sympathetic interviews to the parents who raised them.

In this life there is one axiom that remains absolute. You get more of what you tolerate. No sympathy for the damned devil! If they are violent respond with violence. If they are truly peacefully protesting, let them protest peacefully. If they are attacking citizens or property end it by whatever means necessary. And the first media agency that tries to get sympathy for the felons should be fined or arrested for stirring crap!