Deadly floodwaters swept fine jewelry and other inventory worth more than half a million dollars from Sam Coyne's Ellicott City jewelry shop, Craig Coyne Jewelers, nearly three weeks ago.
Coyne knew the risks of flooding, which forced him to evacuate his Main Street shop six times in the last 16 years. He thought his insurance policies, one of which has a deductible of $20,000, would protect him during a disaster.
But one policy, which covers lost business contents, isn't giving him a penny.
His flood insurance provider will cover structural damages, but his second policy will not cover lost contents because the losses were caused by a...