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To: C210N

Collect any insurance. Move to a community that appreciates you. Do this ASAP.


18 posted on 08/20/2014 6:39:25 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: hal ogen
Collect any insurance.

Depending on the insurance, there might not be any coverage. An insurance company could argue the looting was part of a "civil unrest" or a "riot", which are common exclusions from a lot of commercial property insurance policies.

Even if the store owner can recover the value of some of the stolen goods, he/she may not get much for the property damage.
27 posted on 08/20/2014 7:06:04 AM PDT by caligatrux (...some animals are more equal than others.)
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To: hal ogen

Sorry. No insurance company is going to pay for losses or damage due to riots, civil unrest or war. It’s the very first disclaimer to an insurance policy.

That’s why businesses that get looted in civil unrest are closed permanently. The cash inflow stops, the inventory is gone or destroyed, and the vendors and banks are still owed.

Unless it is a very large company, say McDonald’s, or maybe even the ‘Quick Trip’ that was looted and burned the first night, that can absorb the local losses over a very large balance sheet of an international chain, it’s basically corporate and often personal bankruptcy, too, for the owners.

In short, their *is* no store to re-open. The store isn’t the physical building, the store is the owner/entrepreneur, who’s credit rating is now destroyed. Even if the individual has the financial wherewithal to rebuild and reopen; once you get mugged like that, you generally don’t return to the location of the mugging for any reason.

Poverty doesn’t cause crime. Crime causes poverty.


43 posted on 08/20/2014 7:42:32 AM PDT by Reagan80 ("In this current crisis, government is not the solution to our problems, government IS the problem")
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To: hal ogen

Collect any insurance. Move to a community that appreciates you. Do this ASAP.


How many small business people in Ferguson who have been wiped out by the riots, will want to rebuild there in Ferguson? I would bet that very few will want to remain there after all of this.


49 posted on 08/20/2014 8:10:14 AM PDT by Dilbert San Diego (s)
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