308 WELL WELL WELL (twitter.com) ? These people are stupid! posted 3 years ago by Puncake150 3 years ago by Puncake150 +309 / -1 53 comments share 53 comments share save hide report block hide replies
...that was likely fully insured.
Yeah, but insurance costs go up when looting occurs more frequently.
And gets passed along to all insurers as we know.
And gets passed along to all INSUREDS as we know.
also
Not all insurance policies pay out for losses due to rioting, acts of war, etc. It may be that all of the damaged / destroyed businesses will have to eat their losses.
The small, private owned business are more likely not to have the more encompassing policies. :(