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antifa damage not covered?
Posted on 9/27/20 at 6:33 pm
Posted on 9/27/20 at 6:33 pm
In another thread, a person in insurance stated that his company is not paying for damages caused by antifa riots due to the standard exclusion of damages caused by of Acts of War. Is this denial of coverage happening across the country? Valid?
30
Posted on 9/27/20 at 6:34 pm to Keltic Tiger
That will make people/victims pissed off enough to most definitely avoid voting democrat.
Posted on 9/27/20 at 6:35 pm to Keltic Tiger
Just consider it an unplanned demo and renovation
Posted on 9/27/20 at 6:35 pm to Keltic Tiger
Sue the state for encouraging the rioting.
Posted on 9/27/20 at 6:35 pm to Keltic Tiger
I suppose they can “deny” a claim for any reason but I’d be shocked if it held up in court since Riot and Vandalism are standard covered perils in most policies.
Posted on 9/27/20 at 6:39 pm to Anonymous95
I agree, my thoughts as well. But he was quite emphatic that his company was denying such claims. The problem there is that simply by denying a claim, the whole process of getting your property rebuilt would end up in court. And defense attys get paid by the hour.
Posted on 9/27/20 at 6:39 pm to Keltic Tiger
It has to come to this to affect change.
When the rest of the country sees that destroying stuff just won’t be easily fixed, the rioting BS will get shut down with a quickness
When the rest of the country sees that destroying stuff just won’t be easily fixed, the rioting BS will get shut down with a quickness
Posted on 9/27/20 at 6:43 pm to Keltic Tiger
Do you believe everything you read on tribaldroppings
Posted on 9/27/20 at 6:49 pm to ellishughtiger
Yea, you?
Posted on 9/27/20 at 6:57 pm to Keltic Tiger
insurance companies suck
Posted on 9/27/20 at 6:58 pm to Keltic Tiger
When they stop writing policies in cities that condone this behavior, businesses will leave. Portland is destined to become the newest Detroit. It won't be the last.
Posted on 9/27/20 at 6:58 pm to Keltic Tiger
Every business insurance policy I havE had since 2003 has had a waiver for for me to decline coverage for acts of terror. I wondered when it would become an issue with current events.
Posted on 9/27/20 at 7:02 pm to Roman Candle Tag
quote:
Sue the state for encouraging the rioting.
Sue the mayors, City Councils, and DAs for not prosecuting these criminals.
Posted on 9/27/20 at 7:13 pm to Keltic Tiger
My aunt and uncle live in Kenosha. The police went door to door telling them to do what they to do if shite went down and insurance would not cover property damage from Antifa.
The cop who shot the guy lives three blocks from them, so they were expecting some excitement.
The cop who shot the guy lives three blocks from them, so they were expecting some excitement.
Posted on 9/27/20 at 7:14 pm to Keltic Tiger
A lot of policies have exclusions for “civil unrest”
Posted on 9/27/20 at 7:15 pm to Keltic Tiger
Terrorism coverage.
Posted on 9/27/20 at 7:20 pm to Keltic Tiger
It’s being seen as an act of terrorism by the insurance companies and that is an exclusion that can be covered with an additional election, and of course significant additional premium. Not commonly elected. Frankly, if I were the insurer I wouldn’t cover it either because it’s been encouraged and not mitigated by the municipalities. I feel terrible for these business owners and I hope they collectively sue their municipalities into oblivion and win. Shite situation for all invested parties with the exception of the liberal corporations who’ve encouraged the behavior as well only to have their businesses looted and damaged anyways.
Posted on 9/27/20 at 7:20 pm to Anonymous95
quote:
I suppose they can “deny” a claim for any reason but I’d be shocked if it held up in court since Riot and Vandalism are standard covered perils in most policies
They’ll find a reason to deny coverage.
This post was edited on 9/27/20 at 7:22 pm
Posted on 9/27/20 at 7:28 pm to Keltic Tiger
Riot is a commonly excluded peril for insurance. Basically, if you can't predict the losses from it in the aggregate, you can't insure it, at least not widely at a non-exorbitant premium.
For instance: hurricanes. Though you can't predict any single hurricane or the associated losses, they happen often enough that insurance companies can project that over X number of years, they can expect Y amount of claims paid and can figure out Z, the proper premium to insure for those Y dollars in claims over X years. Riots and civil unrest are unpredictable. How do you decide what the premium should be for something that is so infrequent as to be essentially random?
For instance: hurricanes. Though you can't predict any single hurricane or the associated losses, they happen often enough that insurance companies can project that over X number of years, they can expect Y amount of claims paid and can figure out Z, the proper premium to insure for those Y dollars in claims over X years. Riots and civil unrest are unpredictable. How do you decide what the premium should be for something that is so infrequent as to be essentially random?
This post was edited on 9/27/20 at 7:36 pm
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