Insurance Policies Should Cover Damaged Ferguson Businesses

CBS St. Louis

FERGUSON, Mo. (KMOX) – Those Ferguson businesses that have been damaged during the unrest, and even some that haven’t, should be able to recover losses through insurance.

That’s according to insurance consultant Bill Goddard, who tells KMOX’s Hancock and Kelley most policies cover losses due to rioting and looting.

And he says when Gov. Jay Nixon declared a state of emergency, that coverage expanded.

“There doesn’t have to be damage to your building any longer,” Goddard says. “It could be damage anywhere in the region, as long as your building access is being limited.”

Goddard says because the unrest is such an unusual event, business owners should not see major premium increases or have their policies canceled.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may…

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