About a week after the riot, my landlord, Mr. Korn, called and requested thatI move the burned debris. Feeling that I had to await my insurance adjuster,I informed Mr. Korn that I would remove the debris after my insurance adjuster viewed the damage.When the landlord again called with the same request,I asked my attorney Mr. Brick to assist me in the insurance and related problems,informing Mr. Korn to call my attorney.
A few days later, my attorney phoned and stated that it was my responsibility to remove the debris. I remember asking Jolly,one of my regular customers to perform this removal which he did.
I had also previously asked my accountant Don, to prepare all accounting records to present to my insurance company.Again I phoned him as time was passing and asked that he prepare the needed records. He mentioned that he was busy,and would get to the preparation.
More time passed,and Mr. Brick again called stating that it was imperative, that I obtain all the necessary accounting figures, because my insurance policy stated, “proof of loss must be submitted in 90 days for all losses claimed.” After pleading with the accounting, I received the necessary figures which I sent to my attorney.
More waiting,as I wondered what I would do in the future. I made the decision not to rebuild the store. The drug store destruction had resulted in my deciding to just wait and see what transpires. Any ambition to rebuild had evaporated.
Finally Mr. Brick contacted me and stated he had set up an appointment with the Aetna insurance adjuster at the well known Watergate apartments.
There was much discussion on the business interruption portion of my insurance which mentioned that the insured is entitled to the gross profit loss lost during the time of the store being rebuilt.
More waiting and finally I received a check that was supposed to compensate me for my loss of inventory, fixtures, and business interuption.
The total amount of reimbursement in my opinion did not cover my loss,especially, as I found out, there is no insurance coverage for loss of “good will”, the livelihood,and profitibility value of the business.I was aware that when a business is sold ,”Good Will” is normally listed on a sales contract and included with inventory,fixtures, covenant not to compete, etc.
At a later date when I was asked to prepare a research article on the DC riot for the DC Historical Society, I discovered a document in the Martin Luther King Library,”Civil Distukrbances in Washington D.C. April 4, 1968, a letter addressed to Mayor Washington by John Hechinger,that business men and individuals damaged in the riot should be reimbursed for uninsured losses, including the loss of GOOD WILL.To this date I have never heard that this request was acted on or any response being announced for GOOD WILL compensation being issued to riot victims.
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