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Thousands of businesses damaged by Sandy have been turned down by their insurers.

Insurers are contending the damage was caused by a flood at a Con Ed substation on E. 14th St. during the superstorm, and that a “business-interruption” insurance policy held by many local eateries and shops doesn’t cover that destruction, Crain’s New York Business reported.

In response, more than 100 of the local businesses have filed complaints with the state.

“I understand there are exclusions to policies, but it seems to me that they had to dig down in the trash pile to find this exclusion,” Ken Sofer, co-owner of eight fast-food eateries, told Crain’s. Reuven Blau


For more information on business insurance claims give us a call at (718) 448-9350.
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