Can confirm. My mother is an insurance agent, and we've discussed this at length. Most of these people, unless they have specific language or additional policies covering civil unrest, are completely screwed.
Interestingly enough, I was surprised to find out that automotive policies generally do cover this sort of crap, but it gets fuzzy if you are operating the vehicle at the time.
I had a friend who wrote his auto insurance company a 20 page paper on why they were shorting him $5,000, including charts and graphics from the company.
He got it, but he had to waste a Saturday to get it.
I once wrote a 5 page letter to a car insurance company affer getting my car smashed when I was 19 for finding me "51% at fault" and denying my claim...I got T-boned by their guy while he was running a stop sign...
...I still got nothing.
Haven't trusted the fuckers since. Insurance is a scam.
My dad got rear ended while driving my truck once. He was yielding to oncoming traffic so he could turn and the driver behind him hit him at full speed ahead. Both the other driver, my dad and I all had the same insurance company. The insurance adjuster low balled me so much it was insulting but after some hardball I managed to get a check for the value of the truck less the salvage value plus the truck itself. Naturally said insurance company doubled my premium after everything was settled, so I switched to another insurance company so their plan of getting their money back by doubling my premium didn't work out so well.
Can we add Liberal as a new Horseman of the Apocalypse, or would that fall under one of the other scourges upon mankind? In any case, someone needs to come up with a Leftist insurance policy.
I started a similar game, I call it "The Bee, or not The Bee?". Post an article, and others have to guess if it's real or satire. Because, in fact, I CAN'T TELL ANYMORE!
A good many insurance policies, business and homeowners alike, exclude losses from Civil Disorders, and have a "Force Majeure" clause. If the Lefties think they can loot and burn with impunity, and have the insurance premiums or working Americans pick up the tab, that ain't gonna happen.
I hear you, but I couldn't tell you who would be any better. I did have liberty mutual pay on one fire claim, but they proceeded to refuse to insure me any more as soon as I moved.
EDIT: As if the fact that my landlord bought cheap chinese appliances that randomly self-combust is my fault.
I would have gladly kept paying premiums, and I've yet to have another claim, knock on wood. They just jipped themselves out of a customer.
One time I had a tire blowout and destroy a sensor on my car that was expensive. The shop told me they were unable to repair the vehicle without replacing that sensor (whether a legal thing or just a matter of principle IDK) but the insurance company was no way, no how paying for that sensor. I appealed to an adjuster and everything, and I ended up having to eat the cost of that accident. To add insult to injury, the insurance company raised my rates for having the audacity to try to use their product.
I used to work on the audit for one of the largest re/insurers in the world. Unfortunately, I suspect most policyholders will be underinsured or their policies will not have cover for riots and civil unrest. At minimum, this will be litigated for years. Most business owners will not be 100% “made whole”.
Side note: not a recommendation (and not the Re/insurer I helped audit), but personally, if I owned a business or higher end home, the only insurer I’d do business with is Chubb. Chubb Masterpiece is the Rolls-Royce of homeowners policies IMO. Also make sure you insure for replacement cost as opposed to actual cash value.
Ask florida homeowners how many homeowners insurance companies declare bankruptcy the day after a hurricane then open up the same day under a different name and your "agent" so graciously already moved all your paperwork over at a 60% increased premium.
Homeowners insurance is literally the biggest part of my monthly mortgage payment. It's seriously 50% insurance. 30% principal and interest, 20% taxes.
I would love to be able to have a mortgage with no homeowners insurance but no bank will let you. Tens of thousands of dollars every year, might as well light it on fire. It would be more useful because at least I can use it that one day in February where it gets cold to stay warm.
Shop around and get a better rate? They're a cartel. Switch and save a negligible amount? I already tried that .All that time and energy to save $200 a year? $16 a month? Just for them to increase it next year to parity anyways? Factor in the amount of time I wasted and I would have been better working at McDonald's for those hours.
They are using this excuse to their equally retarded followers, so it all works out, it isn't about convincing people who already have to protect their property and are against property damage
The thing about insurance companies is they don't ever have enough money to cover every single claim. You can't have claimants take more out than the company gets in. The only reason why insurance companies can afford things, is because they only have to typically pay out to one in every X hundred companies, so the amount paid in by all those companies that don't need it, covers that one company that does.
And if I were an insurance company, I would be denying tons of these claims based on the fact that many of these businesses were actively supporting the rioters. After the first riot you can say "OK, you get this one". But you can't say you were merely supporting "protesters" of a "cause" when every single "protest" results in a riot. And the "protesters" themselves are literally on megaphones saying "If we don't feel safe why should we give a shit about the safety of their property?".
The fact is, insurance companies can't possibly pay out enough money to cover half these claims. It would bankrupt them. On top of that, many of these businesses aren't coming back....even with insurance money to rebuild.
I'd also imagine quite a few are screwed because with all the lockdowns, I bet a lot of businesses canceled their insurance plans months ago because there was no income coming in to pay for it.
With all the looting, I'd say fire insurance would pay out much less....you can't claim that you lost everything in a fire....when an untold amount of it was looted before the fire. So fire insurance is sure as hell not going to want to cover stuff as a fire loss, when it wasn't even in the building when the fire took place.
Not even satire, could be a Breitbart headline.
A lot of insurance policy’s specifically exclude coverage for civil unrest.
Can confirm. My mother is an insurance agent, and we've discussed this at length. Most of these people, unless they have specific language or additional policies covering civil unrest, are completely screwed.
Interestingly enough, I was surprised to find out that automotive policies generally do cover this sort of crap, but it gets fuzzy if you are operating the vehicle at the time.
Even the people who DO have coverage, the damages exceed by multiples the coverage... :/
https://www.washingtonexaminer.com/opinion/no-insurance-wont-save-the-businesses-destroyed-by-anti-police-riots
https://notthebee.com/article/insurance-will-cover-businesses-damaged-in-riots-you-say
I had a friend who wrote his auto insurance company a 20 page paper on why they were shorting him $5,000, including charts and graphics from the company.
He got it, but he had to waste a Saturday to get it.
100% worth the time, but still sad he had to put in the work to get money they owed him.
I get the math, but it's already his money. Its like working a Saturday just to get your normal 40hr paycheck.
I once wrote a 5 page letter to a car insurance company affer getting my car smashed when I was 19 for finding me "51% at fault" and denying my claim...I got T-boned by their guy while he was running a stop sign...
...I still got nothing.
Haven't trusted the fuckers since. Insurance is a scam.
My dad got rear ended while driving my truck once. He was yielding to oncoming traffic so he could turn and the driver behind him hit him at full speed ahead. Both the other driver, my dad and I all had the same insurance company. The insurance adjuster low balled me so much it was insulting but after some hardball I managed to get a check for the value of the truck less the salvage value plus the truck itself. Naturally said insurance company doubled my premium after everything was settled, so I switched to another insurance company so their plan of getting their money back by doubling my premium didn't work out so well.
Can we add Liberal as a new Horseman of the Apocalypse, or would that fall under one of the other scourges upon mankind? In any case, someone needs to come up with a Leftist insurance policy.
Different kind of locust.
I have had to file claims with insurance companies twice in my life.
They tried to screw me over BOTH times. The answer is no. Insurance will not pay for a lot of this crap.
Got my car smashed into years ago. Insurance wanted to give me like 10% of the damages. crooks
My partner and I like to sneak reading each other Babylon Bee articles to see how long it takes for the other to realize it's satire.
This game is getting much harder to play.
I started a similar game, I call it "The Bee, or not The Bee?". Post an article, and others have to guess if it's real or satire. Because, in fact, I CAN'T TELL ANYMORE!
I know from firsthand experience unfortunately. Insurance is great until you actually need it.
According to sources, local expert and full-time gamer
lmao
Search: Riot and Civil Commotion Exclusion
A good many insurance policies, business and homeowners alike, exclude losses from Civil Disorders, and have a "Force Majeure" clause. If the Lefties think they can loot and burn with impunity, and have the insurance premiums or working Americans pick up the tab, that ain't gonna happen.
I hear you, but I couldn't tell you who would be any better. I did have liberty mutual pay on one fire claim, but they proceeded to refuse to insure me any more as soon as I moved.
EDIT: As if the fact that my landlord bought cheap chinese appliances that randomly self-combust is my fault.
I would have gladly kept paying premiums, and I've yet to have another claim, knock on wood. They just jipped themselves out of a customer.
Fucking dammit man. I saw this posted on Facebook by woke friends and All I can do is just shake my head. They’re so dumb.
One time I had a tire blowout and destroy a sensor on my car that was expensive. The shop told me they were unable to repair the vehicle without replacing that sensor (whether a legal thing or just a matter of principle IDK) but the insurance company was no way, no how paying for that sensor. I appealed to an adjuster and everything, and I ended up having to eat the cost of that accident. To add insult to injury, the insurance company raised my rates for having the audacity to try to use their product.
I used to work on the audit for one of the largest re/insurers in the world. Unfortunately, I suspect most policyholders will be underinsured or their policies will not have cover for riots and civil unrest. At minimum, this will be litigated for years. Most business owners will not be 100% “made whole”.
Side note: not a recommendation (and not the Re/insurer I helped audit), but personally, if I owned a business or higher end home, the only insurer I’d do business with is Chubb. Chubb Masterpiece is the Rolls-Royce of homeowners policies IMO. Also make sure you insure for replacement cost as opposed to actual cash value.
Any kind of insurance has always been a scam.
Ask florida homeowners how many homeowners insurance companies declare bankruptcy the day after a hurricane then open up the same day under a different name and your "agent" so graciously already moved all your paperwork over at a 60% increased premium.
Homeowners insurance is literally the biggest part of my monthly mortgage payment. It's seriously 50% insurance. 30% principal and interest, 20% taxes.
I would love to be able to have a mortgage with no homeowners insurance but no bank will let you. Tens of thousands of dollars every year, might as well light it on fire. It would be more useful because at least I can use it that one day in February where it gets cold to stay warm.
Shop around and get a better rate? They're a cartel. Switch and save a negligible amount? I already tried that .All that time and energy to save $200 a year? $16 a month? Just for them to increase it next year to parity anyways? Factor in the amount of time I wasted and I would have been better working at McDonald's for those hours.
The ignorance within this generation is simply astonishing.
They are using this excuse to their equally retarded followers, so it all works out, it isn't about convincing people who already have to protect their property and are against property damage
The thing about insurance companies is they don't ever have enough money to cover every single claim. You can't have claimants take more out than the company gets in. The only reason why insurance companies can afford things, is because they only have to typically pay out to one in every X hundred companies, so the amount paid in by all those companies that don't need it, covers that one company that does.
And if I were an insurance company, I would be denying tons of these claims based on the fact that many of these businesses were actively supporting the rioters. After the first riot you can say "OK, you get this one". But you can't say you were merely supporting "protesters" of a "cause" when every single "protest" results in a riot. And the "protesters" themselves are literally on megaphones saying "If we don't feel safe why should we give a shit about the safety of their property?".
The fact is, insurance companies can't possibly pay out enough money to cover half these claims. It would bankrupt them. On top of that, many of these businesses aren't coming back....even with insurance money to rebuild.
I'd also imagine quite a few are screwed because with all the lockdowns, I bet a lot of businesses canceled their insurance plans months ago because there was no income coming in to pay for it.
With all the looting, I'd say fire insurance would pay out much less....you can't claim that you lost everything in a fire....when an untold amount of it was looted before the fire. So fire insurance is sure as hell not going to want to cover stuff as a fire loss, when it wasn't even in the building when the fire took place.
Insurance Companies will pay a fine of 3% of damages and lost business as a fine. That's the standard. As they admit no criminality