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(ABC 27)   You cancel fire insurance for the antique business housed in your candle-lit wooden barn. What could possibly go wrong?   (abc27.com) divider line 68
    More: Sad, antique shop, Dauphin County, black sheeps, antiques, threat model, child sex abuse, Janie Jestkey, Black Sheep Country Store  
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5704 clicks; posted to Main » on 30 Apr 2012 at 9:00 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-30 10:41:22 PM
No no no, you're supposed to do it the other way around silly.

/Or as Kinky Friedman called it
//Jewish Lightning.
 
2012-04-30 10:47:38 PM

BigBooper: I sell commercial fire insurance, so I'm getting a kick, etc. etc.

You wouldn't believe the number of businesses that run without insurance, or who carry inadequate insurance. Contractors in particular will carry coverage that will provide them the proof of insurance that they need to bid on a job, but that doesn't really cover them for the job they're doing. The shenanigans are just epic. When people get desperate, they get stupid.

Would you really want someone working on your project whose disaster plan is too declare bankruptcy and open under a new name?


As a contractor with tons of insurance, and never had a claim.... There is no way in hell I'd even walk into someones house without it. (I don't have tons to lose, but enough I don't want to lose it) ...I'd just like to point out that not all contractors use that business model.
 
2012-04-30 11:02:23 PM

BigBooper: You wouldn't believe the number of businesses that run without insurance,


I remember about a month back in a thread a Farker who works as a contractor of some sort brought up his tools being stolen. It came out a few posts later his insurance only covered $1,000 of his loss. Yeah, his sole insurance for his tools was whatever theft coverage his insurance on his truck offered. He didn't say that, but I'm familiar enough with insurance to know that's what it was. But yeah, you don't need to go far to find examples of what you're talking about.
 
2012-04-30 11:12:10 PM

WhyteRaven74: BigBooper: You wouldn't believe the number of businesses that run without insurance,

I remember about a month back in a thread a Farker who works as a contractor of some sort brought up his tools being stolen. It came out a few posts later his insurance only covered $1,000 of his loss. Yeah, his sole insurance for his tools was whatever theft coverage his insurance on his truck offered. He didn't say that, but I'm familiar enough with insurance to know that's what it was. But yeah, you don't need to go far to find examples of what you're talking about.


Or that one...
 
2012-04-30 11:15:58 PM

sno man: As a contractor with tons of insurance, and never had a claim.... There is no way in hell I'd even walk into someones house without it. (I don't have tons to lose, but enough I don't want to lose it) ...I'd just like to point out that not all contractors use that business model.


Your right of course, and the bad actors are far in the minority. However, some of the stuff I've seen since the economies gone to hell is just astonishing. When a builder goes down, they can screw up allot of lives. The employees and subs that don't get paid, the suppliers that get screwed. And the worst is the home owner who gets a crappy job AND a lien put against the house for materials that they paid the builder for, but where the builder didn't pay the supplier.
 
2012-04-30 11:20:30 PM

BigBooper: Your right of course, and the bad actors are far in the minority. However, some of the stuff I've seen since the economies gone to hell is just astonishing. When a builder goes down, they can screw up allot of lives. The employees and subs that don't get paid, the suppliers that get screwed. And the worst is the home owner who gets a crappy job AND a lien put against the house for materials that they paid the builder for, but where the builder didn't pay the supplier.


Between contractors and bars it's hard to tell who can be worse when it comes to paying suppliers.
 
2012-04-30 11:38:45 PM

BigBooper: sno man: As a contractor with tons of insurance, and never had a claim.... There is no way in hell I'd even walk into someones house without it. (I don't have tons to lose, but enough I don't want to lose it) ...I'd just like to point out that not all contractors use that business model.

Your right of course, and the bad actors are far in the minority. However, some of the stuff I've seen since the economies gone to hell is just astonishing. When a builder goes down, they can screw up allot of lives. The employees and subs that don't get paid, the suppliers that get screwed. And the worst is the home owner who gets a crappy job AND a lien put against the house for materials that they paid the builder for, but where the builder didn't pay the supplier.


The economy around here is still rockin' (turning work down for being too busy and not able to find quality help) but there are still enough bad actors to taint the profession in many peoples eyes...
 
2012-05-01 12:04:26 AM
I have the usual for my personal property and premises, plus an umbrella policy. Not sure why, but just the idea of an extra million for less than $100 sounded good at the time.
 
2012-05-01 12:28:10 AM

Huck And Molly Ziegler: Not sure why,


I know why, you're not an idiot.
 
2012-05-01 12:34:49 AM

Huck And Molly Ziegler: I have the usual for my personal property and premises, plus an umbrella policy. Not sure why, but just the idea of an extra million for less than $100 sounded good at the time.


Well, if you live in a state like Wisconsin with a Wrongful Death statute and you get into a serious enough accident they can come after EVERYTHING- house, pension/401(k) and investments. So yeah, umbrellas are a genius idea.
 
2012-05-01 01:24:17 AM

gadian: I live in the middle of the woods. My grandfather keeps harping on me to cancel my fire insurance to save money. Screw that. There are hundreds of thousands of acres burned in Alaska every year. As usual, I'm just hedging my bet that it won't be my acreage this year. Eventually it will be.


Ayup. We (in the Interior) just had our first helitac call out from Forestry. Don't ever give up that insurance!
 
2012-05-01 01:32:29 AM
2.bp.blogspot.com
 
2012-05-01 02:40:04 AM

granolasteak: Ayup. We (in the Interior) just had our first helitac call out from Forestry. Don't ever give up that insurance!


Don't plan to. I was just reading about the fires - human caused of course. I just know that if I stay here long enough, eventually it will roar right through my yard. Thanks for the TotalFark by the way. TF could use a larger Alaskan touch. ;).
 
2012-05-01 04:58:59 AM
not the brightest of sparks

or cinders ~
 
2012-05-01 06:56:11 AM
Ken VeryBigLiar:
BigBooper: Your right of course, and the bad actors are far in the minority. However, some of the stuff I've seen since the economies gone to hell is just astonishing. When a builder goes down, they can screw up allot of lives. The employees and subs that don't get paid, the suppliers that get screwed. And the worst is the home owner who gets a crappy job AND a lien put against the house for materials that they paid the builder for, but where the builder didn't pay the supplier.

Between contractors and bars it's hard to tell who can be worse when it comes to paying suppliers.


Why don't these suppliers just start asking for payment up front? I know a lot of B2B businesses don't do this, but it seems to make sense.
 
2012-05-01 08:04:07 AM

No Such Agency: Why don't these suppliers just start asking for payment up front? I know a lot of B2B businesses don't do this, but it seems to make sense.


Liquor distributors know they cann burrow in on you early. They do usually offer 2/10 net 30 but bars can have a bad habit of getting sloppy with the bookkeeping and not paying off the right people first from what I saw with the ex-brother-in-laws clients. And one bar I worked, I saw the guy's bill from the Miller distributor and was shocked he owed them $2500 plus the current shipment. I was new and asked a coworker and she replied "That's it?". The liquor distributors might lose some on that proposition but they make it back in the bar markup.
 
2012-05-01 09:37:05 AM
I must say insurance is one of the last places I would cut. You may never use it and hope you don't but when you do, you can't have enough.
 
2012-05-01 02:19:34 PM
You're supposed to torch the place BEFORE you cancel the insurance.

/an honest person gets screwed again
 
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