Small businesses abruptly learn the limits of their insurance after natural disasters
Among the 12,300 buildings destroyed in the still-raging fire in Los Angeles are numerous eateries, retail establishments, and local attractions. After weather-related disasters, several of their owners have already filed insurance claims, joining an increasing number of business owners nationwide who are learning the extent of their coverage.
Paul Rosenbluh, co-owner and operator of Fox's Restaurant, an Altadena diner that was destroyed in the Eaton Fire, stated, "We're just kind of in this limbo until the adjusters can go and see what's not there anymore."
Many companies will believe they have more [coverage] than they actually have.
Douglas Heller, the Consumer Federation of America's director of insurance
Days after the fire, Rosenbluh told NBC News that he wasn't sure he could rebuild...