H.G. Roosters, the only gay bar in West Palm Beach, let its insurance lapse due to the coronavirus outbreak, and is now dealing with the aftermath of a destructive fire that broke out early Tuesday morning.
In a text message to WFLX FOX 29, A.J. Wasson, the owner of H.G. Roosters, explained why they decided not to renew their insurance policy.
AJ Wasson - H.G. Roosters Owner
Wasson said the premium was due in full for the entire year and he decided to pay his employees during the bar's shutdown instead.
"Was it a risk I took? Yeah. My employees had to pay their rent, buy food, pay their bills," said Wasson.
The bar estimates that it will take six months and around $300,000 to rebuild the establishment, none of which will be covered by insurance.
Wasson said he is considering several options to start rebuilding immediately, including taking out a mortgage on the building, utilizing lines of credit, and other options that he said he may reveal at a later date.
"This fire remains under investigation and unfortunately no information on it can be provided."Peter LeDuc, Fire Marshal for the City of West Palm Beach.
A look inside at the damage caused by the fire at H.G. Roosters: