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Insurance coverage for a business... by Tony Kania
Started on: 03-26-2017 12:29 PM
Replies: 9 (158 views)
Last post by: E.Furgal on 03-28-2017 12:44 AM
Tony Kania
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Report this Post03-26-2017 12:29 PM Click Here to See the Profile for Tony KaniaSend a Private Message to Tony KaniaEdit/Delete MessageReply w/QuoteDirect Link to This Post
I found an interesting new policy available. "Certified Acts of Terrorism Coverage". It is only $11/year extra if added to my policy.

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spark1
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Report this Post03-26-2017 01:39 PM Click Here to See the Profile for spark1Send a Private Message to spark1Edit/Delete MessageReply w/QuoteDirect Link to This Post
Cheap if you have a lox and bagel business.
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theogre
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Report this Post03-27-2017 11:10 AM Click Here to See the Profile for theogreClick Here to visit theogre's HomePageSend a Private Message to theogreEdit/Delete MessageReply w/QuoteDirect Link to This Post
Read exact what it covers...
Riders and Policy can be label anything and still you fight to get money for whatever/whenever the problem happens.
Many companies offer "Terrorism Coverage" but a "scam" to get more money that will pay only when problem meets w/ very narrow rules and even then may not pay.

"Flood" insurance is a good example. Most people do not know that most water damage problems to a building are labels as flood damage by Insurance Co. and building insurance does not pay for floods.

Worse You pay for "Flood Insurance" then often fight FEMA for damage after Sandy etc often for Years.
Example: many found out that "adjusters" is a contract co that does as much as they can to pay little or nothing like Toms River area (and here) w/ many problem for contract adjuster working for FEMA.

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cliffw
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Report this Post03-27-2017 11:34 AM Click Here to See the Profile for cliffwSend a Private Message to cliffwEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by Tony Kania:
"Certified Acts of Terrorism Coverage".


Ft Hood was workplace violence, .

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williegoat
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Report this Post03-27-2017 11:40 AM Click Here to See the Profile for williegoatClick Here to visit williegoat's HomePageSend a Private Message to williegoatEdit/Delete MessageReply w/QuoteDirect Link to This Post
If the terrorist mentions allah, does that make it an act of god?
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theogre
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Report this Post03-27-2017 12:01 PM Click Here to See the Profile for theogreClick Here to visit theogre's HomePageSend a Private Message to theogreEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by cliffw:
Ft Hood was workplace violence.
Yup. Because Obama’s refusing to label as Terrorism and DOD did not want to pay benefits or give Purple Hearts.
https://www.google.com/#q=F...workplace+violence&*

[This message has been edited by theogre (edited 03-27-2017).]

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Tony Kania
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Report this Post03-27-2017 02:11 PM Click Here to See the Profile for Tony KaniaSend a Private Message to Tony KaniaEdit/Delete MessageReply w/QuoteDirect Link to This Post
@ theorge... Exactly. When reviewing for our new policy, we were like

E.Frugal pointed out in an earlier thread that while we have our applicable tax rates, life's little taxes are also a factor that most do not place into their equation. Sure, one may have a 33% tax rate, but it is the accumulation of these tiny taxes that make the real money.

There will come a point when we can no longer be taxed on money, and I see an indentured servitude program being implemented to make up for tax revenue loss per individual. Completely out there. Or is it?
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williegoat
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Report this Post03-27-2017 02:47 PM Click Here to See the Profile for williegoatClick Here to visit williegoat's HomePageSend a Private Message to williegoatEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by Tony Kania:
There will come a point when we can no longer be taxed on money, and I see an indentured servitude program being implemented to make up for tax revenue loss per individual. Completely out there. Or is it?

That is the logical progression of the welfare state.
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Hudini
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Report this Post03-27-2017 05:12 PM Click Here to See the Profile for HudiniSend a Private Message to HudiniEdit/Delete MessageReply w/QuoteDirect Link to This Post
In England the workers do not negotiate for more money exclusively. They also negotiate for days off. You cannot tax a day off. It's not unusual to get a new job with 5 weeks paid vacation each year.
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E.Furgal
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Report this Post03-28-2017 12:44 AM Click Here to See the Profile for E.FurgalSend a Private Message to E.FurgalEdit/Delete MessageReply w/QuoteDirect Link to This Post
Adding this wording, will be huge,, As it will allow the insure co. to say, welp.. they rioted and burnt your place down and everything in it.. but you didn't have terrorist coverage..

Or

Sorry, but your coverages for a solo bomber you didn't take.. so You're not covered..

This is a sign that the insurance companies fear,, we are in for much more terrorist attacks, and getting ahead of the curve.. They rather if a suitcase nuke goes off in say.. L.A. Cali. that they have to pay a hand full of claims, than 48 city blocks worth..

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