For looted business, insurance money available, but peace of mind is not

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by Ruella Rouf / KMOV.com

KMOV.com

Posted on August 20, 2014 at 6:15 PM

FERGUSON, Mo. (KMOV.com) – With all the damage to Ferguson businesses looted in the aftermath of protests surrounding the shooting death of Michael Brown, one question is lingering on everybody’s mind. Who will help pay for all this damage?

Looters even spilled out to Dellwood, where the Dellwood Market doors were shot and then ransacked by looters.

“They set the store on fire too,” said Jan Lalani, owner of Dellwood Market. Friends are helping Lalani clean up, and the business is still open despite large pieces of plywood covering shattered glass. Lalani estimates that the damage to be near $50,000. “You never imagine people [breaking] into your store and [setting] it on fire,” added Lalani.

According to the Insurance Information Institute, most policies cover looting and rioting. Lalani said the biggest loss was the merchandise, including cigarettes and expensive liquor. Even if his policy covers broken windows, he is afraid to have them fixed.

“I’m still afraid that a month from now, we will see this happening again,” said Lalani. His biggest concern is the increase in his insurance premium.

The Insurance Information Institute added that many business policies also include a business interruption clause, where store owners can be reimbursed for the time their store is closed, something that has impacted Lalani and other business owners in the area.

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