[TechAssist] Re: Home-based business insurance
- From: "Ed Gaidies" <teltek3@xxxxxxxxxxxx>
- To: <techassist@xxxxxxxxxxxxx>
- Date: Fri, 24 Dec 2004 19:44:56 -0500
It's a hard thing to prove.
Only thing I ever had stolen out of my shop was a "Cheap"VCR.
I'm pretty sure who they were...a couple of guys that walked in asking me
stupid questions about electronics. They had no vehicle..(Walk in). The VCR
was in the "secondary"part of my shop.
Separated by a Door.
Gotten wiser now. Although it's a town of little crime..I have a Security
Camera to monitor all coming, and all leaving my shop.
Never had to use it, to check...but does come in handy for monitoring
customers responses.
Got a couple of customers loading their TV into their truck..stating..Ï
thought it was going to be allot more".
Also heard two guys bringing one in...Don't tell him it's been somewhere
else. Real sensitive microphone....;-)
-Ed-
Tel-Tek Electronics
Ontario-Canada
teltek3@xxxxxxxxxxxx
teltek@xxxxxxxxx
----- Original Message -----
From: "Jerome Silverman" <greentron@xxxxxxx>
To: <techassist@xxxxxxxxxxxxx>
Sent: Friday, December 24, 2004 7:27 PM
Subject: [TechAssist] Re: Home-based business insurance
> We didnt know it was gone until the customer decided to pick it up. There
> was no evidence of a break-in so the insurance company said it was an
inside
> job and theft by employees was not covered. We had several summer
employees
> under the Governors Plan for college student employment and one of them
had
> been asking if we had any camcorder that was abandoned. She and the
> camcorder disappeared about the same time.
> Jerry Silverman
> Greentron Inc
> 4 Newland Ave Greenville SC 29609
> Fax/Phone 864 232 3889
> greentron@xxxxxxx
>
> ----- Original Message -----
> From: "Ed Gaidies" <teltek3@xxxxxxxxxxxx>
> To: <techassist@xxxxxxxxxxxxx>
> Sent: Friday, December 24, 2004 1:00 PM
> Subject: [TechAssist] Re: Home-based business insurance
>
>
> > Live and learn..Jerry. Struck by the fickle finger of fate.
> > Unless a Police Report is submitted, your Insurance is not liable to
> > cover you. I had the same thing here, (privately). I had a bunch of
> > Electronics stolen out of my closed in Porch about 5 years ago. About a
> > $1000 worth.
> > Didn't bother to put in a claim, ($200 Deductible) but about 4 days
> > later my Lawn equipment, lawn mower, trimmer, etc was stolen out of my
> > shed. Same people I presume. Now it was worth to claim. Since I had not
> > submitted a Police report on the first incident, they refused to cover
> > it.
> > I learned...;-)
> > -Ed-
> > Ed Gaidies
> > Tel-Tek Electronics
> > Ontario-Canada
> > teltek3@xxxxxxxxxxxx
> > teltek@xxxxxxxxx
> >
> >
> > On 24-Dec-04, at 12:32 PM, J Silverman wrote:
> >
> > > Long story shortened. Had Hartford. We replaced a camcorder stolen
> > > after it
> > > had been waiting 3 months for pickup. Customer was satisfied.
> > > Customers wife
> > > wanted cash to buy a new one. She contacted our insurance company.
> > > They told
> > > us to take back the replacement we had purchased and give the customer
> > > $750
> > > cash or she will sue, that she works for an attorney and her
employment
> > > contract provides free legal services, that she was a friend of the
> > > local
> > > magistrates secretary so a change of venue would be required, and it
> > > was
> > > going to be too expensive for the insurance company to defend us.
> > > I pointed out that the policy requires them to defend us and they said
> > > that
> > > if I insist, they will drop us and that it would make it very
> > > difficult to
> > > get insured with another company.
> > > The local agent begged us to go along, so I did. When we got the
> > > replacement
> > > camcorder back it was choked up with beach sand. The insurance company
> > > said
> > > they would not pay for the new camcorder because there was no police
> > > report
> > > of the original one being stolen.
> > > Jerry Silverman
> > > Greentron Inc
> > > 4 Newland Ave
> > > Greenville SC 29609
> > > Fax/Phone 864 232 3889
> > > mail to: greentron@xxxxxxx
> > > ----- Original Message -----
> > > From: "markbrock" <markbrock@xxxxxxxxxxxxx>
> > > To: <techassist@xxxxxxxxxxxxx>
> > > Sent: Friday, December 24, 2004 10:44 AM
> > > Subject: [TechAssist] Re: Home-based business insurance
> > >
> > >
> > >> I have not been following the thread much on this topic but here's my
> > >> two
> > >> cents, I had a couple rental properties along with my electronics
> > > business,
> > >> insurance of 2 million on my electronics shop which was a requirement
> > >> by
> > >> Sears and several other mgs's and ext warranty, ( now its dropped to
> > >> 500,000) one of my rental's caught fire, there was no servitors,
> > >> cause
> > > was
> > >> production of methemphetamines, parents of the kids sued me for 10.5
> > >> million, two years ago we're still in court and they said they would
> > > settle
> > >> within the limits of the policy, ( less than 2 mil.) any more would
> > >> be
> > > on
> > >> me but gave me a dead line, my insurance co says its up to me. but
> > >> there
> > >> not covering any more lawyer fee's, of course I should settle so not
> > >> to
> > >> loose any of my assets but they will drop me as soon as the
> > >> settlement is
> > >> made. I personally don't think they stand a chance to win ( we
> > >> requested
> > > a
> > >> jury trial) but, food for thought, most insurance policy's will
> > >> offer
> > > you
> > >> a " duty to defend" clause, be sure to take this no matter what,
> > >> that
> > >> means that if you get in a law suit your insurance ( no matter what
> > >> its
> > >> for ) will supply you a lawyer and cover his/her expenses, (
> > >> basically
> > > they
> > >> have a lawyer on retainer all the time and for a couple bucks a month
> > >> you
> > >> can use them in a suit ) glad I had it, not sure how its going to
> > >> turn
> > > out
> > >> but so far I've lost $25,000, and the house itself, and the future
> > > income,
> > >> all my savings and the amount that was in my checking account at the
> > >> time
> > > of
> > >> the suit is frozen, 6500.00, my lawyer says if I go ahead and fight
> > >> it I
> > >> have to pay the $125.00 per hour, so there goes that money as well.
> > >> there's a judge and two lawyers in my family they said I'd more than
> > > likely
> > >> win, but a judge will only award you as a winner, you'll have to
> > >> figure
> > >> out your own way to collect what you've lost, and the parents don't
> > > appear
> > >> to have anything, so I'm up that famous creek, something to look
> > >> into,
> > > if
> > >> you don't have " duty to defend" I'd certainly look into it.
> > >> Merry Christmas
> > >> Brock Electronics
> > >> R.R.4 box 237
> > >> 5208 cr.3385
> > >> Independence Ks. 67301
> > >> 620-331-0235
> > >> fax 331-7191
> > >
> > >
> > >
> > >
> > > --
> > > No virus found in this outgoing message.
> > > Checked by AVG Anti-Virus.
> > > Version: 7.0.298 / Virus Database: 265.6.4 - Release Date: 12/22/04
> > >
> > >
> >
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