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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