[TowerTalk] insurance and towers

[Joe Giacobello]

I had full replacement insurance on my tower, antennas, etc. in NJ 
through NJ Manufacturers and now have it in VA through VA Farm Bureau.  
I had a claim in both cases.  Premiums are still reasonable at this time 
relative to the general increase in homeowners' insurance that has 
occurred over the past year or two.  I would advise you to shop around.

73, Joe

Rex Lint wrote:

>TTers,
>
>I had a claim a few years back, and the feedline served as the "attachement"
>making the tower "covered."
>
>Rex
>K1HI
>
>-----Original Message-----
>From: towertalk-bounces at contesting.com
>[mailto:towertalk-bounces at contesting.com]On Behalf Of Alan NV8A (ex.
>AB2OS)
>Sent: Wednesday, December 29, 2004 8:56 AM
>To: towertalk at contesting.com
>Subject: Re: [TowerTalk] insurance and towers
>
>
>Obviously it varies from company to company. Could it vary from state to
>state, since insurance is often (always?) regulated by the state?
>
>I asked about insurance for my tower, and the agent said that, as long
>as it's attached (and the attachment could be purely nominal) to the
>house, it's covered as an accessory structure. This is Citizens
>Insurance; I'm in Michigan.
>
>Alan NV8A
>
>
>On 12/29/04 03:34 am Jim Jarvis tossed the following ingredients into
>the ever-growing pot of cybersoup:
>
>  
>
>>In the course of commenting on tower ratings, I realized that
>>I hadn't seen a post on insurance.  Or if I had, I've forgotten.
>>
>>In the US, in the post-9/11 environment, the insurance industry
>>has become highly risk averse.  They had under-priced homeowners
>>insurance in many areas of the country, as a loss-leader for more
>>profitable lines, like life and auto.  (and the payout on the NY towers
>>was shared across the entire industry.)
>>
>>In addition, there is now a firm called "CLUE", or Comprehensive
>>Loss Underwriters Exchange, which provides a loss history which
>>all carriers can see.
>>
>>As a result, you need to be VERY careful with what you claim.
>>Or even inquire about.
>>
>>In 2002, in the backwash of hurricane Lili, I lost a 100' tower
>>and antenna system when a 90' oak fell across a guyset.  In the
>>same storm,  I had a branch break off a 150' tall white pine, and
>>damage my roof.  The insurance company logged that as two claims.
>>
>>Earlier that year,  we had two events with large trees downed, touching
>>the house.  I called the insurance carrier to verify coverage in one.
>>My wife called in the other, as I was away.   They logged them as
>>claims, with no payout.
>>
>>Now, I am having difficulty getting homeowners insurance on my place in
>>    
>>
>MD,
>  
>
>>even though I am not in the deep woods any longer.  I'm paying double the
>>market
>>rate, with a carrier which is in state receivership. I will continue
>>in that situation for a period of 3 years.
>>
>>And THAT was after 30 years with the same carrier having home, car, boat,
>>$1M liability umbrella, and life insurance, and no real claims history.
>>
>>Short form:  It may be worthwhile to examine specific tower insurance,
>>through the ARRL program.  Some homeowners policies are excluding towers
>>and other accessory structures, as well, so you have to check.
>>    
>>
>
>_______________________________________________
>
>See: http://www.mscomputer.com  for "Self Supporting Towers", "Wireless
>Weather Stations", and lot's more.  Call Toll Free, 1-800-333-9041 with any
>questions and ask for Sherman, W2FLA.
>
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>_______________________________________________
>
>See: http://www.mscomputer.com  for "Self Supporting Towers", "Wireless Weather Stations", and lot's more.  Call Toll Free, 1-800-333-9041 with any questions and ask for Sherman, W2FLA.
>
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>
>  
>