Yep. Most contracts are null and void for riots and wars. They would have had to explicitly request riot insurance. And who the heck would underwrite that in a US city right now ?
No mainstream insurance company writes riot insurance.
America’s urban wastelands still haven’t recovered decades after the 1960s riots.
Blackened buildings, shuttered businesses and empty homes testify to the death spiral triggered when rioters torched everything in sight.
Ferguson is about to experience the same agony. I don’t think they’ll be able to be back to where they were before Monday night.
Yeah, if you were in an area that you needed it, there’s no way you could ever afford it.
It’s sickening. Those thugs have no idea the capital it takes to start a business and how hard it is to get it off the ground. Now these business owners are left with a nearly worthless burned down commercial property (I’m sure they’ll also be on the hook for cleanup) and, most likely, not enough capital to start again.