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Posted on 08/31/2020 5:21:24 AM PDT by karpov
Every morning when he unlocks the door to his New York City wine shop, the brown plywood covering one of its windows reminds Shermon Peters of the night nearly three months ago when looters smashed the glass and stole an expensive bottle of cognac.
“It reminds me, ‘Oh, someone looted me,’ ” said Mr. Peters, 48 years old, who has owned Rosetta Wines in Manhattan’s Financial District since 2010. “I have to think about this struggle to get it fixed. And on top of that, business is down.”
Some storefronts remain boarded up in cities across the country, even in places that haven’t seen significant civil unrest since late May and early June after the police killing of George Floyd in Minneapolis. Business and building owners say delays in glass shipments, flagging sales because of the coronavirus pandemic and, in some cases, concern over future unrest are all contributing to the slow removal of the plywood protections.
Block by Block, a company that provides cleaning, hospitality and security services to local business-improvement districts, said that just over one-quarter of the 88 business-improvement districts in major metro areas it surveyed still had boards on some businesses last week. Boarded-up windows were more common in the western half of the U.S. than in the East, the group said.
Many store and property owners are paying close attention to developments in Wisconsin, where protests broke out after the police shooting of Jacob Blake, as well as to expected actions related to police killings in Louisville, Ky., and other cities that could trigger further unrest, said Blair McBride, president of Block by Block, a unit of SMS Holdings Co., a family-owned holding company based in Nashville that also owns a janitorial business and roughly 100 Wendy’s restaurants.
(Excerpt) Read more at wsj.com ...
Can someone post a picture of what 5th Avenue looks like???
In Japan, ALL the store fronts are protected by steel ‘garage doors’ that are rolled down at closing time. Doesn’t matter if it is a little mom and pop shop, or the most elegant down on The Ginza. Windows and entrances are covered and safe.
No, it’s not “ From New York to Seattle..” It’s “Liberal-controlled territory..” Although not back to normal, everything else is doing much better.
I imagine insurance will pay off once. I doubt they will again without a huge increase in premiums.
Depends on the specifics of the policy. Some will, many won’t. And unless the insured specifically pays for “replacement cost” they’ll only get “fair market” compensation.
L
Window film - why was he too cheap to install it?
Being this cheap is unheard of in retail.
In Minneapolis, those roll-down doors were made illegal, smeared as racist. That if you install such doors, you’re creating an oppressive atmosphere.
I have done accounting for over 62 years
I have worked for large companies—Shell Oil & Universal/MCA.
I have worked for small businesses that had only ONE person in the shop.
I have NEVER seen any business insurance that would pay for rioting-—looting-—arson.
Some companies will sell such insurance——only as a separate policy-—and only at a very high premium.
IF they structure it like Earthquake insurance-—there is a multi-year period after a quake that NO ONE can buy insurance for Earthquake.
It is TOTAL FICTION that all this mayhem will be paid for by insurance.
My thought is that since riots weren’t declared officially, then will insurance have to pay under their policies?
“It is TOTAL FICTION that all this mayhem will be paid for by insurance.”
Total agree. I’ve never seen an insurance policy that covered riots. Even my residential policy won’t cover riots. It is why people need to protect their property using deadly force if necessary because not doing so is a total loss.
Thanks for clarifying that. I thought insurance would pay...once,..and premiums would go WAY up...
the brown plywood covering one of its windows reminds Shermon Peters of the night nearly three months ago when looters smashed the glass and stole an expensive bottle of cognac.
Know what really sucks about that? The guy who stole it would be happy with Boone’s Farm or MD 20/20...
And now the store owner still has to pay the whoesaler for it, does not make any profit at all, and has a very expensive window to replace. Last time I checked I had a couple of 6 x 8 foot window panes, (recovered from a building torn down) and sold them to a friend, he couldn’t yank out $100 each fast enough. I found out later that was about 1/3 or 1/4 what they normally cost, and this was over 20 years ago.
I’d risk a guess that today those storefront window panes are over $500 each, plus framing and installation...I think many are double pane glass too, a lot more expensive.
Keep voting Democrat.
Car went thru my business front window - 6’ x 10’ - frame was fixable - replacement with labor was 2 grand.
WOW more than I thought
Don’t bother painting WE SUPPORT BLM on your storefront, the rioters can’t read.
Did you get to keep the car? ;-)
Believe it or not they actually picked the front end of the car up, gunned it and drove away - cops never did catch them - not sure how hard they looked either - would have been a bunch of paperwork, ya know!!
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