eKretz
Diamond; Mod Squad
- Joined
- Mar 27, 2005
- Location
- Northwest Indiana, USA
My sympathies. Added an OT tag and "insurance questions" to the title for you. Hope you get a proper remedy from insurance.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Largest Manufacturing Technology Community on the Web
Stay Connected:
OT: My shop/business was destroyed by Arson; insurance questions
- Thread starter kielbasavw
- Start date
- Replies 46
- Views 4,166
Farmer Phil
Aluminum
- Joined
- Dec 12, 2017
This is awful. Thank you for posting a link to the fund me.
In another part of my journey I was a broker in the property and casualty insurance business. Focused primarily in the crane, heavy lift, heavy haul industries.
However, a policy is a policy. You are buying words printed on pieces of paper.
What problems are you having? Was a business property policy in place? Inland marine policy for the big stuff? How about business interruption and continuing expense?
If the coverage is there then you should be able to navigate this loss.
If the coverage is not, was not present, then this fact needs to be known before moving forward concerning insurance being of any benefit.
In another part of my journey I was a broker in the property and casualty insurance business. Focused primarily in the crane, heavy lift, heavy haul industries.
However, a policy is a policy. You are buying words printed on pieces of paper.
What problems are you having? Was a business property policy in place? Inland marine policy for the big stuff? How about business interruption and continuing expense?
If the coverage is there then you should be able to navigate this loss.
If the coverage is not, was not present, then this fact needs to be known before moving forward concerning insurance being of any benefit.
M.B. Naegle
Diamond
- Joined
- Feb 7, 2011
- Location
- Conroe, TX USA
Not to de-rail the thread, but people say the same thing about firearms. Having them makes you safer (or at least that's the argument), but that assumes those with them know how and when to use them and are not doing so nefariously, and being in a situation where you need them inherently isn't safe. Who knows what the landlord was thinking but if he was trying to promote his property like some small-town crimeless place, people probably would ask "then what's with the cameras." His argument could also be he didn't want to deal with general populations feelings about being on tape. Someone thinks their privacy is being infringed if there's cameras, someone else feels they have the right to have cameras.
It is silly. Stupid even.
Farmer Phil
Aluminum
- Joined
- Dec 12, 2017
I understand your frustration. What you suggest though is not possible.
If you read the standard ISO form General Liability policy, and do so with the purpose of understanding what's going on, you will quickly realize that the policy immediately covers anything. Seeing how that's an impossible promise, the policy then goes into exclusions. They also give your a list of definitions in the back.
It is these exclusions and definitions that are the most important thing's to concern oneself when buying insurance.
Typically, both the buyer and seller of the insurance are focused on the declarations of limits and pricing page. Well, the limits are only worth anything if there aren't any exclusions.
Once you've read through enough policies and have a loose grasp on exclusions, next you can learn about coverage that is excluded from the policy, but then given back in the form of sublimits via endorsement.
There are a lot of moving parts to a policy.. so many that it would be impossible to take all but a few out. The cost of insurance would be astronomical. Us as insurance buyers, if we could and wanted to afford it would be under such strict underwriting requirements that most of us wouldn't be approved.
greenbuggy
Stainless
- Joined
- Oct 6, 2005
- Location
- Firestone, CO
As someone who regularly gives money to the bastards for lousy service and ever-increasing premiums, it's not hard to see why.
As some say, don't start no shit won't be no shit.
Q5 Industries
Plastic
- Joined
- Nov 24, 2023
Dude really wanted to represent his business with a logo from the war and chose the one that’s literally a swastika
kielbasavw
Aluminum
- Joined
- Feb 25, 2013
- Location
- california
It’s actually from the original vw/kdf logo. I suppose it’s similar but no. It’s literally not a swastika..
My main customer base is aircooled vw, it’s relevant to the community I work with. I can understand your confusion but don’t tell people it’s literally a Swastika…. Thanks
Rob F.
Diamond
- Joined
- Aug 5, 2012
- Location
- California, Central Coast
Kind of funny coming from someone who's parliament invited a GENUINE WW2 NAZI to celebrate him and then gave a standing ovation after he spoke? I mean, WTF here?
eKretz
Diamond; Mod Squad
- Joined
- Mar 27, 2005
- Location
- Northwest Indiana, USA
Political stuff is not relevant to the discussion guys... You know better.
Bill D
Diamond
- Joined
- Apr 1, 2004
- Location
- Modesto, CA USA
G-ManBart
Cast Iron
- Joined
- Aug 17, 2016
You were a lot more polite than I would have been.
UptownSport
Cast Iron
- Joined
- Jul 25, 2012
- Location
- Cable WI
KdF wagon= Kraft durch Freude 'Strength thru Joy' civic club was what the car was built for, IIRC.
Had an Indian (binde) GF, my best friend is part Indian, that symbol is all over the subcontinent- it's a good luck symbol for over a billion people.
Finland still uses it, as well.
and with the news nowadays, really not good for getting any sympathy anymore.
Had an Indian (binde) GF, my best friend is part Indian, that symbol is all over the subcontinent- it's a good luck symbol for over a billion people.
Finland still uses it, as well.
and with the news nowadays, really not good for getting any sympathy anymore.
EmGo
Diamond
- Joined
- Apr 14, 2018
I have won the insurance game for years by not playing it. Insurance companies are not charities, they expect you to pay for your own losses and add a little on top for them. They just spread it out over a longer time period. So if you just don't drive drunk, don't crash, don't set the shop on fire, and don't act like an ass, most likely you will not need insurance.
If you think you are not capable of being careful and intelligent, then buy insurance. It's a tax on stupidity.
This guy's story rings some alarm bells for me. But then I am cynical. That's what you get for being old.
Superbowl
Hot Rolled
- Joined
- Feb 12, 2020
I am so sorry for your devastating loss. No way camera's would have stopped this lunatic. They don't stop crime, they only document it and you already know who did it. Suing the landlord is likely a waste of money only to make your attorney rich.
A camera is your friend now however. Go in and photograph every square inch. Then list each and every tool, machine, stock, rag, oil can, tube of loctite, bolt, nut, roll of tape, broom, dust pan, screw, ect. Both the stuff you would take if you moved and even the stuff you would then throw away. Along side everthing on the list write down it's fair market value if you rebought it including tax. Then attach to each photo, the list of items in the photo and their value. That is how you document your loss to the insurance company. Such documentation is 90% of what you would pay a public adjuster to do.
A camera is your friend now however. Go in and photograph every square inch. Then list each and every tool, machine, stock, rag, oil can, tube of loctite, bolt, nut, roll of tape, broom, dust pan, screw, ect. Both the stuff you would take if you moved and even the stuff you would then throw away. Along side everthing on the list write down it's fair market value if you rebought it including tax. Then attach to each photo, the list of items in the photo and their value. That is how you document your loss to the insurance company. Such documentation is 90% of what you would pay a public adjuster to do.
eKretz
Diamond; Mod Squad
- Joined
- Mar 27, 2005
- Location
- Northwest Indiana, USA
I'm still in the walking softly stage. Sort of like we were discussing in the other thread, I don't want to use the big stick unless I *have* to.
I like to think most of the guys here are capable of acting like civil adults with just a gentle reminder. Sometimes it takes a prod, sometimes it takes a beating.
Houdini
Titanium
- Joined
- Nov 28, 2017
We had to do this up until the value surpassed the max payout for the policy, then it was a waste of time.
Because of the loss being over the policy, he also got to keep and sell everything, including the building.
projectnut
Stainless
- Joined
- Mar 4, 2006
- Location
- Wisconsin
I look at it a bit differently. You're not insuring yourself against your own stupidity, but rather against the consequences imposed on you by other people's stupidity. If you're hit and injured by an uninsured drunk driver who's going to pay the medical bills. If you become permanently disabled, you will no longer be able to earn an income. In cases like these you lose.
EmGo
Diamond
- Joined
- Apr 14, 2018
But I made it to where it doesn't matter, so I won
Similar threads
