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Re: [TowerTalk] Insurance for my tower??

To: <rcblumen@centurylink.net>, Towertalk Reflector <towertalk@contesting.com>
Subject: Re: [TowerTalk] Insurance for my tower??
From: Timothy Coker via TowerTalk <towertalk@contesting.com>
Reply-to: Timothy Coker <n6win@yahoo.com>
Date: Thu, 5 Apr 2018 15:40:48 +0000 (UTC)
List-post: <mailto:towertalk@contesting.com>
Find an agent in your state who will want your business and most importantly 
will learn what ham radio towers are to educate underwriters.
My experience of being dropped was that the dropping company was very smug 
about what a risk that I was. Their thoughts were that I’d have trouble finding 
insurance coverage and they could help me find someone else. I told them no 
darned way would I allow them to benefit by a referral fee.
Two very enthusiastic agents that came highly recommended were great, but they 
didn’t understand what my tower and antennas were. Thus they were not able to 
get underwriters to issue me a new policy with full tower and antenna coverage 
under the accessory structure portion.
However, another local ham had one of the same new company’s insuring his 
towers, even though the agents said the underwriters they spoke to wouldn’t 
insure my towers. This new agent completely understood my problem and what I 
wanted insured. He took my information and called back within four hours 
stating that two different company’s, with underwriting approval, were ready 
for my business without any tower/antenna issues.
Now I’ve got more coverage, replacement value as before, with a premium only 
costing in line with the additional coverages that I learned to ask for.
It pays to shop around and don’t take no for an answer.
73,
 Tim / N6WIN.

Sent from Yahoo Mail for iPhone


On Wednesday, April 4, 2018, 15:29, Dick Blumenstein <rcblumen@centurylink.net> 
wrote:

Thanks Gary-

Since I have another building on the property that could max out the 
additional structures money available (10% of policy limit), the 
insurance agent told me to insure that structure separately on the 
policy which then leaves the 10% for the tower.

HOWEVER, it still get back to Actual Cash Value and determining what 
they will pay. It's a crap shoot how an adjuster would come up with a 
number. (Scenario - /"Oh, you only paid $x,000 for that used tower? 
Well, we need to depreciate it further!!"/ Back to square one and start 
project over for another year or more).

Obviously REPLACEMENT COST is the best route; but not available through 
my present insurance company.

Dick, K0CAT

===================


StellarCAT wrote on 4/4/2018 12:22 PM:
> My home owners covered something like $30K of personal property and 
> that included the tower I was told ... I added another $50K of 
> coverage for I believe it was $60/yr ... AND had them add to that 
> "covers amateur radio equipment including outside towers, antennas, 
> structures".
>
> Progressive made it easy to do this.
>
> Gary
> K9RX
>

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