Won't Cover Loss Of Income
I own a small business and I had taken out loss-of-income insurance with OneBeacon. Last spring, the majority of Alabama was struck by tornadoes. There was no damage to the building in which my business is, but one of those tornadoes did take out the whole electrical grid in my area. we ere without electricity for six days. I could not open by businesses' doors and operate without electricity. As a result, I lost at least $5,000. OneBeacon denied my claim because they said that my policy didn't cover downed power lines.