Cash is the blood of any enterprise. The homeowners of companies know that with out optimistic money movement, their companies might die as positive as a human will die with out blood. These homeowners buy insurance coverage relying upon immediate and substantial cost of money advantages following a disaster. What occurs when the insurance coverage firm doesn’t promptly pay?
A narrative by Wink News, Business Owners Impatient Over Insurance Money, describes the scenario prevalent for Hurricane Ian enterprise homeowners ready for his or her insurance coverage advantages months after the loss:
A foolish and humorous joke exhibits the cruel actuality for companies hit hardest by Ian.
Just like many others, the Kona Kai motel has been ready months for insurance coverage cash to assist them get again to as shut as regular as potential after Hurricane Ian.
But now, the homeowners of the Kona Kai motel say they’ve had sufficient.
They inform WINK News they’ve been ready seven-plus months to get sufficient cash to cowl the clean-up.
They assume it can price a few million {dollars} to get the work finished.
If getting individuals’s consideration was an instrument, the homeowners at Kona Kai motel are taking part in the saxo-bone.
They have displayed a skeleton lounging in a chair with an indication that reads: ‘Just waiting for the insurance check.’
People cease by to take images of the signal.
‘Yeah, unfortunately, they’re pulling up on the bike path, which isn’t cool, town’s not gonna like that in any respect,’ stated Denise Rodenburg. ‘My husband laughs and says you’re going to need to get a site visitors cop on the market one among lately.’
Denise and her husband simply need to construct their enterprise again up from the bones of their motel buildings that Hurricane Ian left behind.
But it’s not straightforward.
‘Amazon delivered it to my house on the island a couple of days ago and I said you can just drop that, and he said it’s actually mild. I stated yeah as a result of it’s a skeleton,’ she stated.
Denise hopes she isn’t a skeleton earlier than she will lastly money her insurance coverage firm verify.
She stated the clear up prices $330,000 and insurance coverage solely superior her $67,000.
‘We’ve obtained staff lined up,’ she stated. ‘Everything is fine, except for the insurance piece.’
Denise stated she shouldn’t be solely attempting to make ends meet however, hold her employees on board and ultimately get some doorways again on the 5 buildings on the Kona Kai.
How does she cope with the frustration?
My father all the time stated that “action speaks much louder than words.” Where are the leaders of Florida’s insurance coverage corporations when their clients are struggling? Where are our elected leaders in Florida? Getting able to run for a brand new or totally different workplace? Where are the fats cat insurance coverage firm lobbyists who gave contributions to Florida’s politicians who then handed legal guidelines defending these slow-paying insurers? How lengthy would these insurance coverage executives enable their clients to not pay premiums earlier than canceling their insurance policies—a couple of weeks?
Public adjusters and restoration contractors are to be congratulated for his or her work serving to enterprise policyholders following Hurricane Ian. But, as an alternative of being congratulated, Florida’s Governor and prime insurance coverage official name them derogatory names. Those politicians ought to hear what enterprise homeowners not getting paid their claims monies name them and the slow-paying insurance coverage corporations. The dangerous guys on this story are those not promptly paying claims and people who assist these slow-paying insurance coverage corporations.
When are Florida’s elected officers going to do one thing in regards to the slow-paying insurance coverage disaster which harms enterprise homeowners? What are the insurance coverage executives doing to appropriate the gradual adjustment? It isn’t just me saying this as a result of the media is reporting the identical factor day after day.
Do these executives in authorities and the insurance coverage business actually look after enterprise proprietor policyholders? We do, which is why I report on this plague of late insurance coverage funds.
Thought For The Day
You can not do a kindness too quickly, for you by no means understand how quickly it is going to be too late.
—Ralph Waldo Emerson