First of all, thanks to everyone that reached out to check on me since I ghosted the forums for the last week or so.
Anywho. So my insurance agent called me last week saying that our carrier was dropping us for too many claims. We have had the carrier for 20 years,
Here are our claims.
2014, paid out 3000 for our building being struck by lightning which fried our computers and tvs
2020, covid. We lost 90 percent of our sales overnight. We have loss of sales coverage so I called the agent to see if that was covered, they submitted a claim, company came back and said no coverage due to pandemic, no pay out.
2021. A woman ran out in the the middle of a hurricane to smoke. We had an over hanged porch area, she somehow cut her foot, blames it on a broken piece of siding. She sued for 500,000. This was settled last year. I had a zoom deposition, lawyer called me two hours later and said they settled for 50,000 after my deposition.
2021, covid. One of our staff had covid and due to the cdc guidelines we had to close for ten days. We threw away about 8,000 worth of food. Called my agent to see if this was covered under our spoilage rider, she submitted a claim. Denied due to covid. No pay out.
2023. Another hurricane. Grandmother, mother and grandchild come in for lunch. The winds that day were gusting at 60 miles an hour. Mother opens the door, let's it go, smacks the child in the head knocking him down. Company paid them out 1000 dollars just for the hassle.
I fought hard against that one and the women cutting her foot. But attorneys decided it would be better just to pay them and make them go away.
So they have paid out 54000 over the past 20 years when we have paid over 125,000 in premiums. Non renewal due to too many claims.
So I don't have insurance as of 8/31. Been scrambling to find a new policy but having difficulty. So I don't know if my business will be viable in a month.
We survived the crash in 2009, survived covid and an insurance might be what finally ends.
Wife and I are a little pissed right now.
Welcome to my TED talk.
Anywho. So my insurance agent called me last week saying that our carrier was dropping us for too many claims. We have had the carrier for 20 years,
Here are our claims.
2014, paid out 3000 for our building being struck by lightning which fried our computers and tvs
2020, covid. We lost 90 percent of our sales overnight. We have loss of sales coverage so I called the agent to see if that was covered, they submitted a claim, company came back and said no coverage due to pandemic, no pay out.
2021. A woman ran out in the the middle of a hurricane to smoke. We had an over hanged porch area, she somehow cut her foot, blames it on a broken piece of siding. She sued for 500,000. This was settled last year. I had a zoom deposition, lawyer called me two hours later and said they settled for 50,000 after my deposition.
2021, covid. One of our staff had covid and due to the cdc guidelines we had to close for ten days. We threw away about 8,000 worth of food. Called my agent to see if this was covered under our spoilage rider, she submitted a claim. Denied due to covid. No pay out.
2023. Another hurricane. Grandmother, mother and grandchild come in for lunch. The winds that day were gusting at 60 miles an hour. Mother opens the door, let's it go, smacks the child in the head knocking him down. Company paid them out 1000 dollars just for the hassle.
I fought hard against that one and the women cutting her foot. But attorneys decided it would be better just to pay them and make them go away.
So they have paid out 54000 over the past 20 years when we have paid over 125,000 in premiums. Non renewal due to too many claims.
So I don't have insurance as of 8/31. Been scrambling to find a new policy but having difficulty. So I don't know if my business will be viable in a month.
We survived the crash in 2009, survived covid and an insurance might be what finally ends.
Wife and I are a little pissed right now.
Welcome to my TED talk.
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