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.
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