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re: Reparation for a bar owner who is forced to close?
Posted on 3/18/20 at 6:59 am to go ta hell ole miss
Posted on 3/18/20 at 6:59 am to go ta hell ole miss
quote:No
They will have to check their policies, but most will file claims with their business loss insurance provider. Most of these losses will be covered by contingent business loss, but we may see some that filed under first party property policies.
1
Posted on 3/18/20 at 7:10 am to DukeSilver
quote:
No
No as in you are refusing to file a business interruption loss claim? Why wouldn’t you?
Or no as in you work for the insurance industry and think this does not apply to business interruption claims like the wind water exclusion insurance debacle of Katrina?
I am sure the businesses will argue these are contingent business loss claims. That’s why businesses like bars buy this insurance and why insurance companies have been collecting premiums on these policies for many years.
This post was edited on 3/18/20 at 7:29 am
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