LBS manager lost everything in apartment fire
#1
Senior Member
Thread Starter
Join Date: Jul 2008
Location: Minas Ithil
Posts: 9,173
Mentioned: 66 Post(s)
Tagged: 0 Thread(s)
Quoted: 2432 Post(s)
Liked 641 Times
in
398 Posts
LBS manager lost everything in apartment fire
Desert Storm vet, lost almost everything including his two bikes
Our store manager, Chris, was involved in a house fire this week and lost nearly everything. If you can help in any way or simply pass this along, it would be greatly appreciated. Thank you.
Our store manager, Chris, was involved in a house fire this week and lost nearly everything. If you can help in any way or simply pass this along, it would be greatly appreciated. Thank you.
Last edited by cb400bill; 10-28-21 at 04:34 AM. Reason: No links to Go Fund Me allowed
#2
SE Wis
Join Date: Apr 2005
Location: Milwaukee, WI
Posts: 10,517
Bikes: '68 Raleigh Sprite, '02 Raleigh C500, '84 Raleigh Gran Prix, '91 Trek 400, 2013 Novara Randonee, 1990 Trek 970
Mentioned: 40 Post(s)
Tagged: 0 Thread(s)
Quoted: 2747 Post(s)
Liked 3,401 Times
in
2,058 Posts
Isn't this the point of insurance?
Likes For dedhed:
#3
Senior Member
Join Date: Sep 2020
Location: SE Wyoming
Posts: 604
Bikes: 1995 Specialized Rockhopper,1989 Specialized Rock Combo, 2013 Specialized Tarmac Elite
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 213 Post(s)
Liked 588 Times
in
278 Posts
Having suffered $60,000 in damages to my fully insured home and property in a weather incident, I can say with authority that insurance does not make you whole.
#4
Senior Member
Join Date: May 2021
Posts: 8,456
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 4420 Post(s)
Liked 4,873 Times
in
3,017 Posts
We had our holiday apartment flood a couple of years ago from a burst pipe. Caused damage in excess of $50k CAD in our unit, plus about the same again in the unit below, plus we lost a whole season of rental income. Insurance covered everything.
#5
Just Pedaling
Join Date: Oct 2021
Location: US West Coast
Posts: 1,016
Bikes: YEP!
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 335 Post(s)
Liked 523 Times
in
349 Posts
Hope things work out for him. We lost our roof in a tornado and insurance jerked us around forever until we settled for cost of materials and had to cover the labor. What a joke. I still insure everything, but have low expectations for any future claims.
#6
Senior Member
Join Date: May 2018
Posts: 1,680
Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 980 Post(s)
Liked 776 Times
in
402 Posts
Unfortunately insurance does not always make everything whole.
Sometimes it’s the fault of the insured for not having the correct type or amount of insurance. And some people do not do enough research before purchasing their insurance and/or simply cheap out and hope for the best.
Sometimes it’s the fault of the insurer because let’s face it, most insurance companies suck in one way or another.
Sometimes it’s the fault of the insured for not having the correct type or amount of insurance. And some people do not do enough research before purchasing their insurance and/or simply cheap out and hope for the best.
Sometimes it’s the fault of the insurer because let’s face it, most insurance companies suck in one way or another.
#7
Senior Member
Join Date: Jul 2006
Location: Jacksonville, FL
Posts: 6,887
Bikes: Trek Domane SLR 7 AXS, Trek CheckPoint SL7 AXS, Trek Emonda ALR AXS, Trek FX 5 Sport
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 768 Post(s)
Liked 1,747 Times
in
1,017 Posts
I been very lucky with my insurance company. Both times I've needed to claim, they have covered and paid very quickly. I generally have low expectations for insurance coverage on a home in Florida due to a hurricane that happened over 25 years ago, 500 miles south of me, but it impacted the whole state as far as coverage ever since.
#8
For The Fun of It
Join Date: May 2007
Location: Louisissippi Coast
Posts: 5,852
Bikes: Lynskey GR300, Lynskey Backroad, Litespeed T6, Lynskey MT29, Burley Duet
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 2135 Post(s)
Liked 1,647 Times
in
829 Posts
Insurance depreciation schedules can be ridiculous.
Likes For Paul Barnard:
#9
On Your Left
Join Date: Nov 2011
Location: Long Island, New York, USA
Posts: 8,373
Bikes: Trek Emonda SLR, Sram eTap, Zipp 303
Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 3004 Post(s)
Liked 2,434 Times
in
1,187 Posts
Bad things happen to people all the time.
I wish I was wealthy like Jeff Bezos and help everyone that asks, but i'm just a poor retired slob on a fixed income. So I can only help family and try to help those than can't help themselves.
"Unfortunately, he did not have renter's insurance."
His decision has consequences.
Not sure why this is in general-cycling-discussion other than he works in bike shop.
I wish I was wealthy like Jeff Bezos and help everyone that asks, but i'm just a poor retired slob on a fixed income. So I can only help family and try to help those than can't help themselves.
"Unfortunately, he did not have renter's insurance."
His decision has consequences.
Not sure why this is in general-cycling-discussion other than he works in bike shop.
#10
Senior Member
Join Date: Mar 2006
Location: Chicago, IL, USA
Posts: 2,881
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 1461 Post(s)
Liked 1,486 Times
in
870 Posts
I can read the OP's link because I'm not on FB, but I can relate to the overall theme here. I lost a bike in an apartment fire in the late 90's. My insurance payout did not cover the full cost of replacement, due to "depreciation". Taken by itself, the payout on the bike was reasonable given it's age and condition, but I also lost nearly everything else I owned that day and much of it was similarly devalued due to depreciation. My insurance similarly devalued things like my TV, stereo system, etc. I get that a 3 year old sofa probably isn't worth the same as a brand new one, but there isn't exactly a hot market out there for slightly used sofas. You end up buying cheaper stuff than you had before, or spending money selectively. I had to replace all of my clothing, winter coats, shoes, bedding, bath towels... I had go buy a new toaster.
Anyway, when I got my insurance check (which came relatively fast), I had to make some difficult decisions on what to spend the money on because it definitely didn't cover my actual cost of replacement. By the time I got done buying all the everyday things I needed to live, there wasn't much left for things like bikes.
Anyway, when I got my insurance check (which came relatively fast), I had to make some difficult decisions on what to spend the money on because it definitely didn't cover my actual cost of replacement. By the time I got done buying all the everyday things I needed to live, there wasn't much left for things like bikes.
#11
-------
Join Date: Jul 2020
Location: Tejas
Posts: 12,797
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 9656 Post(s)
Liked 6,366 Times
in
3,506 Posts
Pay for replacement cost coverage.
Likes For Mojo31:
#12
Occam's Rotor
Join Date: Jul 2013
Posts: 7,248
Mentioned: 61 Post(s)
Tagged: 0 Thread(s)
Quoted: 2366 Post(s)
Liked 2,331 Times
in
1,164 Posts
AAA just raised our annual homeowner's insurance to nearly $5K.
So I guess I am a bit out of sympathy for those who decide they want the payout without the costs.
So I guess I am a bit out of sympathy for those who decide they want the payout without the costs.
#13
Senior Member
Join Date: Jul 2008
Location: 25 miles northwest of Boston
Posts: 29,552
Bikes: Bottecchia Sprint, GT Timberline 29r, Marin Muirwoods 29er, Trek FX Alpha 7.0
Mentioned: 112 Post(s)
Tagged: 0 Thread(s)
Quoted: 5224 Post(s)
Liked 3,585 Times
in
2,344 Posts
https://www.gofundme.com/c/how-it-wo...SABEgKuWfD_BwE
#14
Junior Member
Join Date: Oct 2019
Posts: 174
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 61 Post(s)
Liked 164 Times
in
67 Posts
If he hasn't yet, have him reach out to the local chapter of the Red Cross. The Disaster Action Team typically responds shortly after a disaster, but they may be able to assist with guidance and resources.
#16
Senior Member
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,624
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 2976 Post(s)
Liked 1,182 Times
in
771 Posts
I have my home insured for $300k and it costs me $650/year.
Likes For prj71:
#17
Banned
He was lucky in that a claim against fire insurance is the easiest to make and get payment. People who have property damage or loss from floods or mudslides or earthquakes are out of luck. The only issue with personal property insurance is being sure that one has replacement cost coverage. Otherwise a $5,000 bike that is 3 years old and would cost $7,000 to replace today will have a depreciated value of less than $3,000. And be sure that replacement cost is specified in writing in the policy.
When I lost my house in an earthquake the Red Cross were nowhere to be seen. The only groups that were helping out people was the California Civilian Conservation Corp and the Salvation Army. The Red Cross did raise a lot of money but it all went to their headquarters in Washington and none of it was spent in the county. The Red Cross is infamous for using disasters as fund raising events in this country.
When I lost my house in an earthquake the Red Cross were nowhere to be seen. The only groups that were helping out people was the California Civilian Conservation Corp and the Salvation Army. The Red Cross did raise a lot of money but it all went to their headquarters in Washington and none of it was spent in the county. The Red Cross is infamous for using disasters as fund raising events in this country.
Last edited by Calsun; 11-04-21 at 01:27 PM.
#18
-------
Join Date: Jul 2020
Location: Tejas
Posts: 12,797
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 9656 Post(s)
Liked 6,366 Times
in
3,506 Posts
It all depends on where you live. Here in the hail belt, ours is approaching $5,000/year and we don't live in a mansion. Also depends on whether you have replacement cost coverage for your personal property as that is higher cost.
#19
Senior Member
Problem with insurance while a good idea to have is that the contents are insured for "replacement value" and not the cost of what you bought the items for. Additionally bicycles (at least in Canada) are limited to 300$ unless are both listed as an add on item to the police and registered with the local police in case of theft.
#20
Senior Member
Join Date: Jan 2010
Posts: 39,257
Mentioned: 211 Post(s)
Tagged: 1 Thread(s)
Quoted: 18424 Post(s)
Liked 15,582 Times
in
7,337 Posts
Do you park your car covered when at home? The time I toured in the Black Hills there was a bad hailstorm at night. As I was leaving town the next morning I noticed that someone residents had metal shelters to park their cars under, and there was an auto repair place advertising hail damage repair.
#21
-------
Join Date: Jul 2020
Location: Tejas
Posts: 12,797
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 9656 Post(s)
Liked 6,366 Times
in
3,506 Posts
Do you park your car covered when at home? The time I toured in the Black Hills there was a bad hailstorm at night. As I was leaving town the next morning I noticed that someone residents had metal shelters to park their cars under, and there was an auto repair place advertising hail damage repair.
Hail repair is big business here.
#22
Senior Member
Join Date: Jun 2015
Location: North Central Wisconsin
Posts: 4,624
Mentioned: 14 Post(s)
Tagged: 0 Thread(s)
Quoted: 2976 Post(s)
Liked 1,182 Times
in
771 Posts
I can't imagine paying $5k/year for homeowners insurance. I'd be moving away from something like that.
#23
-------
Join Date: Jul 2020
Location: Tejas
Posts: 12,797
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 9656 Post(s)
Liked 6,366 Times
in
3,506 Posts
Well, it's all relative. I make a whole lot more here than I could in Wisconsin, so I'm good.
Plus, I never have to shovel snow. I moved away from that nonsense 40 years ago and never looked back.
Win-win.
Plus, I never have to shovel snow. I moved away from that nonsense 40 years ago and never looked back.
Win-win.
Likes For Mojo31:
#24
Senior Member
Join Date: Jul 2008
Location: 25 miles northwest of Boston
Posts: 29,552
Bikes: Bottecchia Sprint, GT Timberline 29r, Marin Muirwoods 29er, Trek FX Alpha 7.0
Mentioned: 112 Post(s)
Tagged: 0 Thread(s)
Quoted: 5224 Post(s)
Liked 3,585 Times
in
2,344 Posts