“Insurance Will Cover It”

Nope.

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.

“I think that is price-gouging and they should contact the attorney general,” said Andrea Jenkins, vice president of the Minneapolis City Council. “That is a symbol of capitalism run amok.”

Contractors acknowledge that prices for riot-related work are far higher than usual, but they said that is because government regulations require them to treat all debris from a burned-out building as hazardous. Industry veteran Don Rachel said those rules can double demolition costs.

[…]

Islam decided to move forward on a $125,000 bid; insurance will cover just $50,000 of those costs.

“Our neighborhood looks like a war zone,” Islam said. “As a property owner, it is my moral responsibility to somehow get it done.”

The move will leave him with almost no money for rebuilding. Most of the money he got from his policy went to pay off his mortgage.

Other immigrant property owners are facing the same situation. Faisal Demaag said a contractor first offered to demolish his store, Chicago Furniture Warehouse, for $18,000. Then the company started revising the price. He is now facing a total bill of $133,000 if he moves forward.

[…]

Ade Alabi said he was billed $75,000 by the city of Minneapolis after contractors knocked down his 32,700-square-foot retail complex on East Lake Street, but he said he has struggled to find a company willing to finish the job. Two of the three contractors he contacted last month have yet to submit a bid, and the third told him last week that it will cost $363,000 just to haul away the debris.

“The guy down the road paid $114,000 for demolition and removal,” Alabi said.

Alabi said he will have just $200,000 left for rebuilding after paying off his $3.4 million mortgage — leaving him far short of what he needs to rebuild.

“I don’t know what to do,” he said. “I think the city should have helped us more, but they haven’t.”

19 Responses to “Insurance Will Cover It”

  1. jjf says:

    Oh, but hundreds of thousands of dollars have already been raised for Kyle.

  2. Mark Hoefert says:

    Oh, but hundreds of thousands of dollars have already been raised for Kyle

    https://www.gofundme.com/f/justiceforjacobblake

    Actually, $2.2 Million.

    Oops, wrong guy.

    My bad.

    Priorities, doncha know.

    Carry on.

     

  3. jjf says:

    If money is speech, then I guess Jacob has more votes, hmm?

  4. Kevin Scheunemann says:

    Good one Mark!

    And excellent response to jjf’s disgusting comment.

    These left wing terrorists should be made to pay!   Demolition is expensive depending on municipality.   I have firsthand experience of those issues right now.   thankfully, West Bend is regulatory friendly by comparison.   I can’t imagine piercing the liberal, Marxist hell, of Democrat run Minneapolis.  If I was that business owner, I would say “screw it”, take the cash and build where sanity reigns away from Democrat run Marxist hells.

    Will any local libs apologize to these business owners for their Marxist hells they helped create?

    No?   Didn’t think so.   You liberals have a totally reprehensible ideology.

  5. jjf says:

    Kevin, how do you know the destruction was carried out by “left wing terrorists?”

  6. Kevin Scheunemann says:

    jjf,

    What an ignorant question.

     

  7. Mark Hoefert says:

    If money is speech, then I guess Jacob has more votes, hmm?

    Money is not speech. And if it were, I doubt Jacob would be using the money to buy votes.  And you would most likely know more about how to buy votes than anyone else here.

    Obviously Jacob has the advantage of “clout”, as well as BLM when it comes to not being banned from GoFundMe.  I am sure it would be an embarrassment if advocates for Kyle would be able to set up a page for fund raising and raise more than them.

    And look at all the baby mommas lining up to claim that some of these guys were their “fiance’s”, marriage was imminent, despite the kids being school age.  In Jacob’s case, I guess would be after the calls to police stopped for domestic violence have stopped and the restraining orders have lapsed.

    I don’t think these were the “bitter clingers” and “deplorables” that the Clintons were talking about.

     

     

     

     

     

  8. Kevin Scheunemann says:

    jjf.

    Gas Light much?

  9. Merlin says:

    Jacob Blake will likely be left penniless and prison-bound in a wheelchair. His children and baby mamas will get nothing. His parents will get nothing. His lawyers and parasitic advisors will walk away with the ching.

  10. Mar says:

    Don’t you know that jjf was down in Kenosha dancing in the middle of the riots in his little tutu?

  11. jjf says:

    Where’s that good ol’ conservative conspiracy theory drive when it comes to spotting false flags and RINOs and corporate Dems?

    You can’t imagine that the most destructive were doing it not out of sympathy for BLM but just because they thought it was an opportunity to go wild without getting caught?  You’ve never met anyone like that?

    Or that some right-wingers might just want to do it to make the other peaceful protesters look bad?

    Not gaslighting, Kevin.  Just asking if there’s any evidence.  Wouldn’t want to rely on the SUPERNATURAL, as Dad29 says.

  12. Mar says:

    See what happens when jjf goes on a 2 week meth bender?
    He fantasizes about conservatives committing violence.

  13. jjf says:

    You read about the Umbrella Man, right?

  14. Mar says:

    1 thug, who may be liberal, out how many thousands of liberal thugs?

  15. Mark Hoefert says:

    You read about the Umbrella Man, right?

    Yep, guy smashes a window and all the BLM peaceful protestors lose their minds. They just can’t control themselves.

    To this day, there are people who still believe Mrs. O’Leary’s cow started the Great Chicago Fire in 1871.

    Can not find any evidence that Umbrella Man has been arrested yet.  Just speculation that the most he can be arrested for is criminal damage to property, no way that charges of “inciting a civil disturbance” will stick. Seems like that narrative fell off the radar after the end of July.

    I think “Umbrella Man” being the tipping point from peaceful protest to full on riot ranks with Mrs. O’Leary’s cow tipping over the lamp as being an urban legend.

  16. Mark Hoefert says:

    This Umbrella Man seems to wield a lot of influence. I assume he was responsible for starting this too?

    https://bringmethenews.com/minnesota-news/crowd-gathers-looting-breaks-out-in-minneapolis-amid-misinformation-about-mans-suicide

    According to Minneapolis police spokesperson John Elder, the man fatally shot himself on Nicollet Ave. between 8th and 9th streets around 6 p.m. as police were nearing. The man who killed himself was wanted in connection to a homicide that took place earlier Wednesday at a Minneapolis parking ramp, Elder said. 
    After the man’s death, posts were made on social media suggesting police were involved in the shooting. The gathering crowd and subsequent clashes downtown prompted police to release video of the suspect appearing to kill himself.
    A large crowd gathered after the incident, with police deploying mace and the crowd growing unruly, with some people breaking windows at businesses at the Nicollet Mall. Several videos are circulating on social media, including one that shows people looting the Target located at 900 Nicollet Mall. 

    Is Umbrella Man like that Slender Man guy that got those pre-teen girls to stab their friend in a Waukesha park and leave her for dead?  Then they they were then going to escape “up north” to his mansion in the forest – perhaps Leroy da Nord is really Slenderman.

  17. dad29 says:

    Foust, like Biden, has switched stories.  Suddenly, insurrection and riot are BAD, so long as “umbrella man” is an alleged conservative

    It was just a picnic while Marxists, goons, sociopaths, and other Democrat Party members were doing it.

  18. jjf says:

    Marxists, goons, sociopaths, and other Democrat Party members were doing it.

    You’re so SupERnatURAL!  How do you know all these things?

    And the Trump-flag-waving pickup trucks in Portland, firing paintballs and pepper spray at the other demonstrators – same thing, huh?

  19. Mar says:

    “And the Trump-flag-waving pickup trucks in Portland, firing paintballs and pepper spray at the other demonstrators – same thing, huh?”
    Hmm, so jjf comes out and condemns this but he supports the violence, racism, and looting done by liberal extremist vulgar thugs.
    Ok.
    Now that we know how you think, which is quite scary.

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