Re: Re: Re: Re: Re: Re: Re: THINK ABOUT THIS

Subject: Re: Re: Re: Re: Re: Re: Re: Re: THINK ABOUT THIS

Comments:
: "profits insurance" : Your drivel is so incomprehensible I don't quite know where the hell to start. : Simple answer, if you had ANY knowledge of accounting: Business Interruption is determined by one of two formulas (not a "sophisticated formula" - good way to prove you have no clue. The "formula" is spelled out in the policy, which I doubt you have ever seen): : 1. Gross Sales Minus Variable Costs or : 2. Fixed costs plus net profit : The "meat" in your example would be subtracted as a non-continuing (variable) cost from the business interuption formula. That is also know as the Cost of Goods Sold. : Go to your vast array of "experts" and see if they know the answer, because you DON'T. : OH and my "quoting of regs" that is something known as the policy language. Another thing I am certain you never read when you sold them. Sell sell sell and the hell with the details. Until there is a loss and the insured finds out what you sold him was a lot less than you described! : : : Kenny--any of those policies must be endorsed for off-premises power interruption or there is NO COVERAGE. : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : KEITH AKA STEVE.....YESTERDAY YOU POSTED A MESSAGE STATING THAT A BUSINESSD INTERRUPTION POLICY DOES NOT COVER ANY LOSS INCURRED FROM THE REPAIR OF WORK NEEDED BY A UTILITIES COMPANY. : : YOU ARE NOW CHANGING YOUR STORY AGAIN JUST AS YOU ALWAYS DO WHEN I BACK YOU INTO A CORNER AND PROVE THAT YOUR POSTINGS ARE ERRONEIOUS. : : I HAVE ALWAYS NOTICED THAT YOU MAKE A STATEMENT IT INCOMPLETE BECAUSE YOU NEED THE TIME TO GO BACK INTO YOUR COMPUTER AND LEARN MORE ABOUT A SUBJECT MATTER THAT YOU ARE TOTALLY UNFAMILIAR WITH. : : if the line is down ON PREMISES, it is covered. Your original "premise" did not involve an on premises power interruption. But then why let details ruin a good personal attack? : : : In the parlance of Property Insurance, Business Interruption coverage is often refered to as "BI Coverage" but then, you never dealt with it, so why would you know? : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : IT MAY BE IN YOUR STATE BUT IN THE THREE STATES I HAVE LIVED IN THAT I HAVE HELD A P&C LICENSE ANY LOSS INCURRED UNDER THE TERMS OF THE POLICY IS NOT REFERRED TO AS BI. : : WHEN YOU SAW THE BI LETTERS IN YOUR COMPUTER ALL IT STOOD FOR WAS "B"usiness "I"nterruption AND NOTHING MORE THAN THAT. : : YOU HAVE PRESENTED YOUR SCENARIO AS BI MEANING BODILY INJURY. BUSINESS INTERRUPTION INSURANCE DOES NOT PAY FOR PROPERTY LOSS BUT SAY IN A RETAIL STORE THE COST OF MERCHANDIZE STOCK FOR SALE THAT WILL GENERATE FUTURE PROFIT THAT MAY BE LOST ARE TAKEN INTO CONSIDERATION IN A VERY SOPHISIDATED FORMULAR TO ESTABLISH THE LOSS OF INCOME. THE COST OF THE STOCK LOST IS COVERED UNDER A DIFFERENT POLICY. : : IN ADDITION, IT APPEARS THAT IN YOUR POSTING YOU ARE MIXING UP PROFITS INSURANCE THAT LOOKS INTO PROFITS IN THE PAST, WHILE BUSINESS INTERRUPTION INSURANCE LOOKS INTO THE FUTURE. : : THEREFORE IN THE EXAMPLE OF THE CAR WASH CHAIN OWNER, WHEN THE WATER MAIN BROKE AND HE COULD NOT KEEP HIS BUSINESS OPEN, JUST AS I STATED WHICH YOU SAID WAS NOT TRUE, BASED UPON FUTURE EARNINGS HE WAS COVERED IF HE OWNED A BUSINESS INTERRUPTION POLICY. : : SIT ON IT CHARLATAN, YOU STILL DON'T KNOW WHAT YOU ARE TALKING ABOUT. : : BY THE WAY, THAT INSTRUMENT THAT YOU REFERRED TO ON THE WARS BOARD ILLUSTRATED ON OUR BOARD IS AN INSTRUMENT THAT IS USED BY PROCTOLOGISTS TO INFLATE A RECTUM. : : I RECOGNIZE THAT THOSE MALES WHO HAVE ALTERNATE SEXUAL DESIRES HAVE ADOPTED THE INSTRUMENT AS AN ALTERNATIVE TO A GERBLE. : : I CAN NOW UNDERSTAND WHY THE POSTER "THE AUDIENCE" WHO IS A REGULAR OVER AT THE WARS BOARD VIEWED IT AS A SEX TOY. : : I DO NOT KNOW IF HE OWNS ONE PERSONALLY FOR HIMSELF OR HE JUSTS MARKETS THEM TO HIS TYPES OF PORNOGRAPHERS ON THE INTERNET TOGETHER WITH HIS OTHER SEXUALLY ORIENTATED SEX TOYS AND CONDOMS. : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : Under the CP1030, Off Premises Power loss is excluded under B. Exclusions, (1)(e) Off-Premises Services. Under Exclusions, (3) "we will not pay for loss or damage caused by or resulting from any of the following...(b) Acts or decisions, including the failure to act or decide, of any person, group, organization or government body" : : ........................................ : : HEY JERK, WHERE DO YOU THINK THE WATER TANKS ARE STOWED AT A CAR WASH, ACROSS THE STREET FROM THE BUSINESS? THE WATER TANKS ARE ON PREMISE THAT PROVIDE THE WATER TO THE PRESSURE HOSES. : : JUST LIKE IF A BUSIESS OWNER IS LOCATED ON THE SECOND FLOOR OF A BUILDING, AND THERE IS A POWER OUTAGE AND NOBODY CAN GET TO THE SECOND FLOOR WHERE HIS BUSINESS IS LOCATED TO PURCHASE HIS MERCHANDIZE BECAUSE THERE WAS A POWER OUTAGE. : : UNDER THAT SCENARIO, THE ELEVATOR TO HIS BUSINESS WAS ON PREMISE JUST AS HIS WATER TANKS WERE LOCATED ON PREMISE AT THE CAR WASH, DUMMIE. : : I HAVE BEEN TELLING YOU FOR MANY MONTHS NOW THAT YOU READ AND MISINTERPRET THE WRONG WAR BOOKS ALSO. TRY READING BICKELHAUPT AND MAGEE SOMETIME INSTEAD OF LOOKING UP INFORMATION ON THE INTERNET ALL THE TIME. : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : Further, the meat in the freezers would NOT be covered in any situation under Business Interruption. It would be covered under business personal property, as stock. : : YOU ARE CORRECT ABOUT THE MEAT, BUT THE COST OF THE MEAT IS ADDED TO THE FORMULA TO ESTABLISH THE "FUTURE" LOSS OF THE BUSINESSES INCOME. : : Business Interruption coverage specifically excludes anything other than the monetary loss of business income; ie not the property itself. : : DUH, I ALREADY STATED THAT. YOU ARE PARROTING ME AGAIN. : : : In any case, you are wrong and have been proven such. NO, YOUR POSTINGS ONLY INDICATE THAT YOU DO NOT KNOW WHAT YOU ARE TALKING ABOUT WHEN YOU POST MESSAGES TO THE INTERNET OFF OF THE TOP OF YOUR HEAD WITHOUT FIRST CHECKING THE INFORMATION OUT THAT I HAVE POSTED. : : IT'S FUNNY HOW WHEN I POST A MESSAGE, YOU SHOOT FROM THE HIP WITH YOUR RESPONSE, I EXPAND ON YOUR INCORRECT SHOTS FROM YOUR HIP, THEN YOU GO BACK TO YOUR COMPUTER AND CHECK IT OUT, SEEING I AM CORRECT AND YOUR POSTING AND ATTACK AT ME WAS IN ERROR, YOU THEN BACK OFF AND AGREE WITH ME POSTING YOUR INFORMATION AS IT WAS YOUR KNOWLEDGE ON A SUBJECT MATTER YOU ALREADY KNEW ABOUT TAKING CREDIT FOR MY CORRECT INFORMATION I HAD POSTED TO BEGIN WITH. : : Your continued personal attacks are proof of your lack of education and class. : : MY LEVEL OF HIGH CLASS AND LEVEL OF INSURANCE EDUCATION IS WELL KNOWN WITHIN THE INDUSTRY AND NO MATTER HOW HARD YOU TRY TO DESTROY THAT REPUTATION YOU WILL BE SPINNING YOUR WHEELS. : : I HAVE SEEN YOU EVER CHOSEN BY YOUR PROFESSIONAL PEERS AS THEIR MAN OF THE YEAR. I HAVEN'T SEE YOU AT A MDRT CONVENTION, I HAVEN'T SEEN ANYTHING THAT YOU HAVE WRITTEN AND/OR PUBLISHED BEING CHOSEN BY A WELL KNOWN INTERNET PROVIDER AS BEING IN THEIR NUMBER #1 SLOT EITHER. : : ALL YOU HAVE ILLUSTATED IN YOUR ALLEGED TRACK RECORD CAREER IS THAT AT YOUR FIRST INSURANCE POSITION IT ONLY LASTED EIGHT MONTHS WHERE YOU FAILED AND YOUR PEERS REFERRED TO YOU AS A "LOSER", YOU HAVE STATED IN A COUPLE OF MESSGES THAT YOU DO NOT LIKE YOUR JOB IN THE INDUSTRY, BUT YET YOUR COME ON THESE MESSAGE BOARDS BASHING ME A PERSON WHOSE MOTIVES, ETHICS AND HONESTY HAVE BEEN UNQUESTIONABLE UNTIL YOU AND YOUR OTHER BOZOS DECIDED YOU WANTED TO MAKE A BUSINESS OUT OF HELPING SOCIETY AND FOUND ME STANDING IN YOUR WAY BECAUSE I HAD EXPOSED ALL OF YOU AS NOTHING MORE THAN CHARLATANS ATEMPTING TO BILK THE PUBLIC. : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : : I don't have a brother, but if I did, I would hunt you down in person for your slurs against a dead relative. You are a disgusting and useless old man. : : : : : : KEITH.......... : : : : You put up a good front with your quoting of regs., but you are wrong again attempting to cover up your limited knowledge of P&C coverage in all States. : : : : The scenario I presented which included interruption of a utility service would have been paid under Business Interruption Insurance. : : : : I ask any viewer of your message in the South Florida and other Hurrican areas to ask any Butcher Shop or Meat Packing Plant business owner who carried a Business Interruption policy when their electric (a utility) went off and they were without power for days upon days and their meat spoiled in the freezer, if their policy paid. : : : : Keith, no wonder you badmouth the Adjusting Insurance Business. Your knowledge is so limited of it that people did not want to deal with you which in turn effected your income. : : : : If you want a title of some kind, okay then, we dub you, "Sir Real Phoniness". : : : : What could be more appropos for an alleged Adjuster that posts erroneous information to the Internet who refuses to Indentify who he really is for his purpose of staying in hiding when his erroneous input comes back to haunt him. : : : : Hey Jerk, BI (Bodily Injury) won't kick in because the scenario did not mention anything about bodily injury at all. What does the loss of his business income have to do with him having to shut down his business due to the loss of water pressure? : : : : It is getting more difficult day by day for me to believe that you really are an insurance adjuster and not our Canadian Bearded Wonder playing the role of an Adjuster among his many other phoney roles he assumes like his role of an Ordained Minister with an e-mail address of sjr@bc1.com impersonating a real Ordained Pastor on the Internet. : : : : Just think of the money you losing through your phony charities, you sale of low grade condoms which now I see you are giving away, and selling your pornographic litereature you post to the Internet. : : : : If the top 10 list that google.com posted to the Interent not listing your "BizWatch" publication in the top-10 hasn't taught you a lessen yet that nobody wants to purchase from you your public information through your BizWatch website and message boards, then I guess your mind is too screwed up even to see that picture also. : : : : Go back to your cesspool Pig-Sty home base at the Wars Board where those few who post there appreciate and need anyone they can find to support your attacks at me. : : : : In your off time you can satisfy your demention by visiting your brother's grave site and continue to desecrate his name. : : : : Did it bother you that your deceased brother was known and you were not know with people not even knowking that you even existed that caused you to desecrate your brother's grave? : : : : Ken Young : : : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : : : Wrong again Kenny. You have no concept of the subject and no knowledge, so stop embarassing yourself. : : : : : In order for BI coverage to kick in, there must be a COVERED CAUSE OF LOSS. MOST (CP1030, CP1010 for two) policies do NOT consider interruption of utility service to be a covered cause of loss. : : : : : No covered cause of loss, no coverage. And you really used to sell P&C to people. Hope you had GOOD E&O coverage, because you had no idea what you were selling. : : : : : Go back under your rock. : : : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : : : : : : Ken, : : : : : : : Wrong board for that. Nobody cares. : : : : : : : As if anybody would take advice from a fool anyway. : : : : : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx : : : : : : "BOZO"................. : : : : : : You posting is erroneous and misinforming again. : : : : : : This board's intent is for people to vent who have reason to believe they have been abused by insurance companies and insurance agents. : : : : : : Since you have demonstrated time and time again through your posting on different message boards on the Internet that you have no businessman's prowess what so ever, it would be justified for just about everyone to assume that is the reason you are uninformed and also a low income earner. : : : : : : One of your obvious inherent problems is that you attempt to speak for everyone and not just for yourself as you have also demonstrated by posting, "no one is interested". : : : : : : In fact, unlike your pseudo e-mail addresses that you post under, my e-mail bag stays quite busy and this morning I received three e-mail messages inquiring if there is some kind of insurance policy that would cover such a loss. : : : : : : Being that you have demonstrated that your general knowledge of insurance and financial matters is very limited as you have previously demonstrated in all of your previous postings to the Internet, it is obvious that you do not know the correct answer to the question I posed on my message that you are responding to. : : : : : : Now copy this answer down and add it to your Ken Young file so you can use it and take credit for knowing the answer to a insurance question as you have previously done over and over again on the Internet. : : : : : : Yes, there is an insurance policy that would have covered the loss incurred by the car wash owner. The type of policy is known as "BUSINESS INTERRUPTION INSURANCE". : : : : : : The policy provides the owner of a business a fixed amount of income if in the even his business is interrupted by an act such as the City repairing a road infront of his business prohibiting entry to his location, a fire, water damage and so on and so on. : : : : : : Because you have demonstrated on Internet message boards over and over again you have no basic knowledge of of conducting business lacking a business mind and only a small limited amount of knowledge about insurance and financial matters, it is obvious that you will never have a need for a "BUSINESS INTERRUPTION" policy. : : : : : : Now that I have picked you up and chewed you again for attempting to bash me on this board again WAFI, I can spit you out for fodder once more 64.216.218.36. : : : : : : xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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