Sad day for Steves Hi FI

moon

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Nov 10, 2011
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Unfortunately a really sad day for a wonderful second hand Hifi dealer. Vandalism in the flat above the shop caused very severe flooding and all the stock was ruined. The shop is having to close with immediate
 

moon

New member
Nov 10, 2011
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I had also added best wishes to Steve in the future, and thanks for his help in the past.

but it was edited out!
 

moon

New member
Nov 10, 2011
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Unfortunatly it appears the water had been running ages, has destroyed all the equipment in feet of water and may have structurally effected the building.
 

BenLaw

Well-known member
Nov 21, 2010
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But surely they have insurance for their business that covers buildings (if they own) and contents? It would be madness as a hifi retailer not to insure stock.
 

moon

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Nov 10, 2011
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I am sure its all insured Ben, Still doen't stop it being an absolute mare of the highest order......
 

BenLaw

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Nov 21, 2010
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moon said:
I am sure its all insured Ben, Still doen't stop it being an absolute mare of the highest order......
I agree, and it must be very stressful for them. But as long as they were insured and they have loyal customers, this will hopefully prove a minor blip from which they will recover in time. Best of luck to them.
 

relocated

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Jan 20, 2012
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Maybe it was the 'final straw'. Can you imagine the hassle of negotiating the insurable value of second-hand items etc. with a Loss Adjuster.

I wish the person/people in the business every bit of good luck for the future.
 

BenLaw

Well-known member
Nov 21, 2010
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Well whether the business continues or not I'm sure the owners will want to get their money back if insured. I would have thought receipts for the purchase of each item is a fairly clear sign of the replacement value and it therefore shouldn't be too difficult.
 

ngibbs

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Jun 12, 2010
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I'm really sorry to hear that. They've always been a great contributer to this forum, and very generous with their knowledge and experience in all things hi fi. Best of luck to them.
 

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