Questions relating to a library insurance investigation

[tortillafactory]

Setting: Present-day small town America.

Search terms: "library revenue," "how do libraries make money," "privately owned library," "insurance investigation," "insurance investigator"

In this story, a woman owns and runs her own library. It is open to the public, but privately owned (obviously). I gather that such libraries exist, but I am

Comments

[descrime]

The business I work at was broken into and a laptop and some other stuff were stolen and a door was broken, so I feel confident that they wouldn't have an investigation, they'd just replace the door and furniture. The business just wrote up a list of what had been stolen and sent it in and got reimbursement.

Think of it this way, the library is a customer. The insurance company wants to keep their customers. Unless the insurance company had good reason to think that the owner of the library had done it on purpose or was trying to claim for more than the damages were worth, then there wouldn't be an investigation.

[heuradys]

Something this minor? It would likely be handled by a phone call and a letter with some forms. Depending on the policy, there would probably be a limit on the cash - if there was coverage for cash & securities written into the policy at all - and a broken door & furniture may or may not even exceed the deductible. The company would require a copy of the police report. Probably wouldn't even need pictures.

[caprinus]

"how do libraries make money"They don't. Honestly, libraries only lose money, in my experience. Or break even, if they stick to their budget -- but the money in that budget will be coming out of someone else's pocket, a grant, an operating endowment, etc

[arantzain]

It might be possible to have something other than just money stolen --for example, if the owner had valuable books, first editions or things, that were stolen. The insurance company may not wish to pay, sparking an investigation.

Just a thought.