Most business owner policies cover property damage and loss in protest situations. But it’s often up to the owner to choose how much insurance to buy.
. Columnist David Lazarus explains how some travel insurers are refusing to refund policyholders despite cruises being canceled amid the pandemic.
The options include a deferral. That means when your loan ends, such as at the end of 30 years or when you sell your property, the missed payments are supposed to be paid all at once. In the case of a refinance, missed payments would be added to the principal of the new loan.
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Is looting covered by insurance? Depends on the businessMany businesses were already struggling with slashed revenue under the COVID-19 pandemic. But how and whether they bounce back from shattered windows, stolen merchandise and burned-out buildings hinges on one factor: their insurance policies.
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Dallas Man Viciously Beaten, Kicked For Defending BusinessA small business owner was brutally beaten by looters because he dared to defend his store.
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Looters Hit Luxury Retailers in Lower Manhattan After a Day of Peaceful ProtestsMayor de Blasio blamed Sunday night's looting in Manhattan on a “small number of violent protesters.” He said future attempts at looting will be addressed “very, very aggressively”
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Sweatshop Worker Devastated To Hear Jacket She Worked So Hard On LootedSHENZHEN, CHINA—Upset about the theft of one of the thousands of garments she had sewn, sweatshop worker Li Chen was devastated to hear Monday that the jacket she worked so hard on was looted. “It breaks my heart that I slaved away for 14 cents an hour in an extremely hot and poorly ventilated factory just to have my hard work stolen from Zara,” said Chen, explaining that it felt like she lost the tip of her finger sewing the lapel for nothing after learning that someone snatched the garment rather than paying the full retail price. “I don’t work 16-hour shifts so some person can waltz into a store and take the jacket I made without paying $85. It’s just absolutely devastating, that stitching was a nightmare. I should just take a pay cut to help out this poor company and everything they’ve been through. I feel bad for my shift supervisor who put his heart and soul into screaming at me to work faster.” At press time, Chen was comforted to learn that insurance covered the stolen item, and Zara would be just fine.\n
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Lana Del Rey Criticized for Posting Video of Looting During ProtestsLana Del Rey faced criticism again on May 31 after sharing a video of protesters looting businesses. See what was said.
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Nancy Silverton restaurant among businesses looted in Los AngelesAmong the businesses looted on and around Los Angeles' Melrose Avenue in a night of violence Saturday was one of acclaimed chef Nancy Silverton's restaurants.
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