Shocker: Insurance Barely Covers Even The Start of Demolition for Destroyed Minneapolis Businesses; Costs For Demolition and Reconstruction are Far More Than Businesses are Worth, So City Will Be Left Deserted and Blighted

Wait, I thought that wanton destruction and rampant looting were totes cool because the businesses were insured (and some other innocent third party, the insurer, would be damaged by the Locusts That Walk On Two Legs).

(As if a mere shift of who ultimately had to pay for the Locusts' destruction changed the fact that the Loucusts were destroying everything.)

Nope.

From the Minneapolis (Red) Star Tribune:

Like dozens of other investors whose properties were severely damaged in the May riots, the Kim family was stunned to discover that the money it would collect from its insurance company for demolition won’t come close to the actual costs of doing the job. Most policies limit reimbursement to $25,000 to $50,000, but contractors have been submitting bids of $200,000 to $300,000. In many cases, the price of the work is not much lower than the actual value of the property, records show.

They're blaming the insurance companies, but these nonstop "fiery protests" were permitted by the local government.

This tweet attacks those who kept claiming that looting and arson were no big deal because "THEY. WERE. INSURED."

Oh it’s just stuff and they’re all rich. Get with the program!

— Guy Benson (@guypbenson) August 31, 2020

The media pushed that line, too.

You stupid little ignorant locusts.

Of course you'd know nothing about Adult Business matters. If it's not on Twitter, how can you be expected to become an Instant Twitter Expert about it?

posted by Ace at 04:35 PM

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