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SVTPerformance's Chain of Restaurants
Road Side Pub
The Minneapolis Police Choke an Unarmed Handcuffed Black Man to Death
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<blockquote data-quote="Steve@TF" data-source="post: 16430622" data-attributes="member: 40308"><p>my buddy already has some riot claims coming in. there's no way the insurance companies are going to turn their backs on customers for claims like this. that would be <em>very</em> bad publicity. policies dont cover terrorism or acts of civil unrest but then they can "get around" it with theft or fire coverage. they <em>look</em> for ways to find coverage, as crazy as it sounds. the managers want to control cost but they also want to retain customers and put on a good face to potential customers. they have to be able to justify it to their auditors though, hence why they "look for coverage". some times you just <em>cant</em> find coverage like an earthquake or flood. but, perhaps there was a fire after the earthquake or flood, caused by electrical shortage. boom, just found coverage for the customer. </p><p></p><p>what will really suck is if they fix everything and then this happens again when the cop is found not-guilty or gets a slap on the wrist. and riots break out again, and more looting/damage. then you're looking at a new claim which affects your premiums, policy, and deductible. your business may be deemed high risk and they cancel you after they pay you. then you go to the next company and they see you have been cancelled for being high risk and they charge you extra for that extra risk. that's why its not good to file claims unless you <em>really</em> need to. especially for your home/business.</p><p></p><p>which is also why i dont think they will let that happen. they dont want all this craziness happening again. i think they'll throw the book at the cop to appease the people, and then quietly let him out early in a few years for "good behavior". </p><p></p><p>which is one reason why people want to protect their businesses. its absolute ignorance when idiots are saying "well their insured!" </p><p></p><p>the CA wildfires were in 2017. there are <em>still</em> people who havent been able to have their homes rebuilt yet. they were predicting up to two years at least before some people would be able to have their homes rebuilt due to shortages in construction companies available. and of course, the costs then skyrocket as a result. for labor and materials. and the insurance check only goes so far. your insurance will pay for you to be in a rental home while you wait for your home to be rebuilt/repaired, till that specific amount runs out. then its on you. same with businesses. although that can widely vary compared to homes. some businesses may have loss of income coverage up to $1 million and others only a small amount. plus they will often have a "deductible" (waiting period) before the loss of income coverage kicks in. ie you have to be closed for 30 days before you can start to be compensated for loss of income. this can vary from immediate to a month or so. all those variables affects how much your premium is. unfortunately most people dont pay attention to those fine details. they just let the agent/broker figure it out for them and like a salesman, they try to tailor the policy to what they think the customer can afford. then the customer finds out after the fact, "what do you mean there's no coverage for the first 7 days?!"</p></blockquote><p></p>
[QUOTE="Steve@TF, post: 16430622, member: 40308"] my buddy already has some riot claims coming in. there's no way the insurance companies are going to turn their backs on customers for claims like this. that would be [i]very[/i] bad publicity. policies dont cover terrorism or acts of civil unrest but then they can "get around" it with theft or fire coverage. they [i]look[/i] for ways to find coverage, as crazy as it sounds. the managers want to control cost but they also want to retain customers and put on a good face to potential customers. they have to be able to justify it to their auditors though, hence why they "look for coverage". some times you just [i]cant[/i] find coverage like an earthquake or flood. but, perhaps there was a fire after the earthquake or flood, caused by electrical shortage. boom, just found coverage for the customer. what will really suck is if they fix everything and then this happens again when the cop is found not-guilty or gets a slap on the wrist. and riots break out again, and more looting/damage. then you're looking at a new claim which affects your premiums, policy, and deductible. your business may be deemed high risk and they cancel you after they pay you. then you go to the next company and they see you have been cancelled for being high risk and they charge you extra for that extra risk. that's why its not good to file claims unless you [i]really[/i] need to. especially for your home/business. which is also why i dont think they will let that happen. they dont want all this craziness happening again. i think they'll throw the book at the cop to appease the people, and then quietly let him out early in a few years for "good behavior". which is one reason why people want to protect their businesses. its absolute ignorance when idiots are saying "well their insured!" the CA wildfires were in 2017. there are [i]still[/i] people who havent been able to have their homes rebuilt yet. they were predicting up to two years at least before some people would be able to have their homes rebuilt due to shortages in construction companies available. and of course, the costs then skyrocket as a result. for labor and materials. and the insurance check only goes so far. your insurance will pay for you to be in a rental home while you wait for your home to be rebuilt/repaired, till that specific amount runs out. then its on you. same with businesses. although that can widely vary compared to homes. some businesses may have loss of income coverage up to $1 million and others only a small amount. plus they will often have a "deductible" (waiting period) before the loss of income coverage kicks in. ie you have to be closed for 30 days before you can start to be compensated for loss of income. this can vary from immediate to a month or so. all those variables affects how much your premium is. unfortunately most people dont pay attention to those fine details. they just let the agent/broker figure it out for them and like a salesman, they try to tailor the policy to what they think the customer can afford. then the customer finds out after the fact, "what do you mean there's no coverage for the first 7 days?!" [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
The Minneapolis Police Choke an Unarmed Handcuffed Black Man to Death
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