NPR actually spent your tax dollars to advocate for looting, publicizing Vicky Osterweil’s book “In Defense Of Looting” and effectively endorsing the book with its tongue-bath of an interview.
You’ll never guess what happened next.
-Steve
Friday, December 18, 2020
Insurers balk at insuring Portland businesses; exclude future damage related to civil unrest
Do you remember a few months ago during the peak of the BLM/Antifa rioting when Democrats and the media (but I repeat myself) were either silent about the violence, or they actually praised property destruction and looting? As for the lives and businesses destroyed, they just dismissed the damage as harmless because “insurance will pay for it.”
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It's about time. Maybe, those that voted for those politicians will invest in a little tar and some feathers now that they aren't buying insurance anymore because of its new costs.
ReplyDeleteRiots = Force Majeure. EVERY insurance policy has this clause and insurance companies will invoke it even if there's no declared riot.
ReplyDeleteThey'd rather spend millions on lawyers than pay out a claim.
Nemo
Insurance policies also have 'Acts of God' clauses, so unless your insurance policy specifically calls wild fires, tornadoes, hurricanes, et al don't be surprised if the insurance company invokes that clause when a claim is made. You also want to look for clauses that have civil unrest or acts of war in them.
ReplyDeleteRE: Acts of God, civil unrest (which would include insurrection), acts of war and "Force Majeure" noted by Judy and Anonymous, insurance policies are contracts and it's always wise to look for such exclusions in any and all contracts of any type.
ReplyDeleteAll part of the plan to destroy the small businesses
ReplyDeleteI feel sorry for the Portland businesses, sort of. These businesses are located in a city that was referred to as "Berkeley Light" for many years. In recent months, that moniker would be considered an unwarranted insult to Berkeley.
ReplyDeleteThe owners chose to build a business in the heart of a community with an extremist bent, and they paid the price. Someone said that "people deserve the politicians they elect." Not only is the current mayor a feckless, impotent Lib, an admitted Antifa member made a very strong race against him.
What a Lib cesspool.
If I am not mistaken, most property insurance already excludes damage from insurrection and acts of war, so this is nothing new or extraordinary. Of course, it's been a l-o-n-g time since I've read any of the property and casualty contracts.
ReplyDeleteI'm surprised the policies prior to the riots didn't exclude property damage from war or insurrection. The insurance companies aren't stupid.
ReplyDeleteCause & Effect. A concept Liberals have yet to grasp.
ReplyDeleteBoy am I glad I don't live in that hell hole. Too close though, I'm two towns away. Won't say which two. So I get to watch from the sidelines. Ever since I moved here it has been one shit show after another over there.
ReplyDelete