Sad to hear the good people at Timbernation had a fire (and no insurance).



 

 

128x128cerrot

Showing 4 responses by stereo5

I feel for them but really have no sympathy for not having insurance.  Anyone in business needs insurance.  I find it deplorable that a Go Fund Me was used to pay for damages.  The insurance on my home is almost $1800.00.  Perhaps I should cancel it and use Go Fund Me so people can pay for my short sightedness?  If you can't afford insurance, you shouldn't be in business.

 

Had the OP told the entire story about the insurance mix up, I would have been more sympathetic.  Here is a fact:  none of us suck.  What sucks is not getting the entire story and then ragging on the ones who disagree and show no sympathy. 
 

I can relate to the mix up as I had a not so similar run in with Farmers Insurance.  On Dec1, 2022, my mortgage holder paid my new homeowners insurance in full.  The bill was due Dec20th.  On January 3, 2023, I received a letter from my insurance co stating if my policy was not paid within 10 days, it would be cancelled.  Yesterday, Jan5, I spent close to 3 hours on the phone with my insurance co and the bank holding my mortgage.  Long story short, Farmers never received the payment, the bank put a stop payment on the check they issued an then did NOTHING!   While I was still on the phone with the bank, they told me they issued a new check and were overnighting it to the insurance co.  What a coincidence that they just happened to be issuing a new check while I was on the phone. I checked last night and the check was dispatched. 
 

What galls me is if I had given up and not spent 3 hours on the phone, I would be screwed.  The bank and insurance co should have worked this out and I should not have had to get involved as there was plenty of money in escrow and the bank should have followed through.  If something similar happened to Timbernation, then I take back what I said. 

What I don’t understand is the Go Fund me goal was around 7 grand.  Does this mean that Timbernation didn’t have even 7 grand available to do the repairs?   If that is the case, then they are truly operating on a shoe string budget and it is not a good way to run a business.  That tells me a lot.