Wait till he finds his insurance doesnt consider riot, insurrection and domestic disturbances.
Usually a business has to pay a lot extra for that coverage as a rider, and I doubt that he did.
...Usually a business has to pay a lot extra for that coverage as a rider, and I doubt that he did.
Perhaps he did...and perhaps he had it combined with replacement cost coverage. That would certainly explain his attitude.
If the policy contained coverage now, this incident caused higher risks and now higher rates. Higher rates, higher prices, less business....
There are consequences.
None of this is unprecedented. If you go back to the 1992 Rodney King riots, the imbeciles did the same dumbass things. They pretty much leveled East LA (were not allowed to call it that anymore. It’s now *South Los Angeles*).
Maxi Waters pitched in to help, probably the first time she had ever been in her own district. The four time winner of Most Corrupt Member of Congress showed up to offer water, aid and comfort, not to the police or other emergency service workers. Nope, our low IQ Maxi was there to support the rioters.
There was a price to be paid for mob stupidity. Many essential businesses, eg grocery stores, pharmacies, big boxes, etc never rebuilt. If you want to open a business, good luck getting insurance.
I don’t know if there has been any progress towards recovery since. The city has tried incentive programs, as I recall.
But, it’s already close to impossible to start a business in California anyway, why pick a stupid location?
That coverage isn’t expensive, though few buy it. They were probably going broke anyway. They are counting on govt rebuild money.
That, or it’s not their building and they have leased equipment.
So some of the “victims” are in on it.
My give a damn meter just busted another spring.
Gonna be a hefty repair bill.
EXACTLY! I do not believe it is common to get insurance coverage for riots, insurrection, etc...bet SOROS knows this