[TowerTalk] INSURANCE

[Robert Shohet]

Hi Guys,

WITH ANY FORM OF INSURANCE, NOTHING SHOULD BE ASSUMED - EVER!!!!

Policies vary by company, by state, by rider and by elected coverage.

My State Farm HO policy DID cover my antennas AND the labor (up to a point)
to fix them - at REPLACEMENT VALUE, because I was paying the higher premiums
for replacement value coverage.
In my case, one of the State Farm senior adjusters who came out to my
property, interviewed me and took about 50 photographs of my station,
antennas and towers, was in fact a ham!  He understood what was involved in
the rebuilding and the cost - there was never a problem in approving the
rather sizable claim and the work involved.  I am sure that if he wasn't a
ham, it would not have been as smooth, but the claim still would have been
paid.

There is no question in my mind that they are THE BEST company to work with
if you have the "right" policy and coverages.  You should expect to pay
higher premiums accordingly!

Good coverage is NOT cheap but turns out to be the LOWEST cost and the BEST
VALUE when you need a large claim paid and paid promptly.

Even though policies can and often do vary by state, you must speak with a
HIGHLY COMPETENT underwriter who understands the coverage you want and need
and then can guide you accordingly and will tell you what is and is not
covered BEFORE you have a claim.

73
Bob KQ2M

> Steve wrote:
>
> >>Do you have homeowner's insurance? That should cover it already. Towers
> are covered under 'accessory structures' (I think that's the term) or
under
> personal property. Either way you're covered.
>
>
> Not sure this is true in every state. When I asked my State Farm agent I
was
> told that I was covered for damage that my tower might cause, but the
tower
> and antennas themselves were not covered. I have a standard Texas HO
> insurance policy with a few special riders (none related to towers or
radio
> equipment, though). I didn't have an actual claim at the time I asked....
> Was just trying to get an understanding of what the policy covered. It's
> quite possible my agent never had to deal with this before and, if pushed
> the answer might be different. If there's anyone else with a different
> experience in Texas I'd like to hear about it.
>
> Larry Wi5A