01-17-2017, 11:06 AM
Sal's insurance battle could take a couple years... I hope I'm wrong.
As noted, the building is old, probably with decades of what realtors call "deferred maintenance." The equipment is used and even if completely functional, unless it's insured for replacement value, the insurance company will nickle and dime him for every stove, fryer, and cash register, asking for receipts and depreciation schedules in an attempt to only pay out "actual used resale value." What the scrap dealer would pay.
I hope he has a very good insurance policy, with a very good insurance company. If Sal's lucky they may be fair in their assessments if for no other reason than Luquin's is a high profile policy holder, and the claims adjusters might look at their valuations as company goodwill. That is, word will get around their insurance company treated Sal fair and square, gaining them more business in the long run.
Edited to add:
People like eating at Luquin's. The community will miss the restaurant while it's closed. If their insurance company delays the rebuilding and reopening, people will find out soon enough who's to blame.
"Only fear real things, such as minds full of delusions." -Last Aphorisms
As noted, the building is old, probably with decades of what realtors call "deferred maintenance." The equipment is used and even if completely functional, unless it's insured for replacement value, the insurance company will nickle and dime him for every stove, fryer, and cash register, asking for receipts and depreciation schedules in an attempt to only pay out "actual used resale value." What the scrap dealer would pay.
I hope he has a very good insurance policy, with a very good insurance company. If Sal's lucky they may be fair in their assessments if for no other reason than Luquin's is a high profile policy holder, and the claims adjusters might look at their valuations as company goodwill. That is, word will get around their insurance company treated Sal fair and square, gaining them more business in the long run.
Edited to add:
People like eating at Luquin's. The community will miss the restaurant while it's closed. If their insurance company delays the rebuilding and reopening, people will find out soon enough who's to blame.
"Only fear real things, such as minds full of delusions." -Last Aphorisms
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves