Somebody’s talking out his ass as usual, too eager to go on the personal attack to bother doing the most minimal research to support his faulty assertions. INCEL frustration and hatred of intelligent women, I suppose.Bicycle Bill wrote: ↑Mon Jun 01, 2020 8:05 pmBSG, I believe a lot of insurance policies generally exclude riots/civil unrest and acts of war as events for which they will indemnify the policyholder — unless perhaps they get a special rider clause to specifically include these events (and if they did, I would love to know just what factors the actuaries would use to go about determining the level of risk and an appropriate premium). And as for carrying minimal insurance; sometimes you considered the odds of something happening and make your decisions accordingly.BoSoxGal wrote: ↑Mon Jun 01, 2020 5:11 pmThat is sad, but it is also more foolish than a tragedy. Any property owner who knowingly chooses to fail to purchase insurance runs the risk of ruin from act of God or civil unrest. Insurance is generally not that expensive and should be considered an essential cost of business same as rent/mortgage, utilities, etc. Does he also have no liability insurance? What if someone is injured on his property? In addition to the legally required malpractice insurance, the first business expense I incurred when I opened my law practice was insurance to cover my equipment and liability for injury of any client entering the premises. That insurance would have covered me if rioters burned down my office, too.Darren wrote: ↑Mon Jun 01, 2020 4:45 pm
Many business owners carry minimal insurance and some nothing.
"Across the street, Hassan Hamid estimated that he’d lost about $100,000 worth of equipment from the shop, Power Wireless, that he started eight years ago. He’d boarded the place up both nights, he said, but that didn’t stop looters from getting inside.
“I don’t even have enough cash to bring this business back again,” said Hamid, who is originally from Ethiopia. “I do not know what I have to do right now.” But he added that he, too, wants to see justice for Floyd."
https://www.mprnews.org/story/2020/05/2 ... -for-floyd
For example — I live far enough away from the river and on high enough ground that I choose to not carry flood insurance; and even though the epicenter of the worst earthquake in US history (the New Madrid earthquakes of 1811-1812, which were estimated to be a between 7.5 and 8.5 on the Richter scale and compares to the San Francisco earthquake of 7.8 ) was located only about 500 miles south of me, I also choose to not purchase earthquake insurance too. Since my car is legally old enough to drink, smoke, and vote I do not carry collision or comprehensive insurance on it, just the legal minimum for liability, and for the record I am also uninsured if a UFO were to decide to teleport me and my domicile aboard and haul me off to whatever distant planet/galaxy it came from.
In addition, most contracts, including insurance policies, include something called a force majeure clause, and I'm sure the insurance companies have already figured out how to work something like this to their best advantage as well.
Sorry, BSG, I think you're talking through your hat with regard to this particular point.
BB, this is the last of your posts I will ever read or reply to; please know that when you waste your shallow thoughts responding to me. You have engaged in such loose relationship with the truth and facts too many times in the past and life is just too fucking short anymore to waste any minutes on people of such low character. Attack, attack, attack - forget about the least commitment to facts.
https://www.google.com/amp/s/www.proper ... %3Famp%3D1Riots, civil commotion and vandalism generally covered by insurance . . .
As much of the United States convulses in response to the death of George Floyd, an unarmed black man in the custody of Minneapolis police officers, it’s some comfort to know that property damage caused by rioting, civil commotion and vandalism are covered under standard insurance policies, says Loretta Worters, vice president, media relations for the Insurance Information Institute (I.I.I.).