[TowerTalk] More on Insurance and Towers

[K8RI on TowerTalk]

<snip>
> Now, the point of my story. When I called the insurance agent to start
> the claim, and the adjuster got there, I discovered that all "non
> attached structures" were totaled into one figure and the limit of
> that
> figure was 10% of the value of my house insurance. My exterior damage
> to the barn, tower, tractor, fence was way, way in excess of 10% of
> the

I think this is pretty much standard and a good agent should have explained 
it that way.
We carry riders on the towe and shop as either one far exceeds the 10%. Plus 
the shop (which is insulated, heated and has a finished interior) has a lot 
of equipment, PLUS the antique radios (Hallicrafters naturally) and a half 
constructed airplane.  Both the airplane and radios have their own 
insurance.

<snip>
> I changed companies and then got additional coverage (I thought my
> agent was an idiot)  for each of the outbuildings or structures so
> that if I lost them all at the same time, all would be covered. It
> cost
> more, but I felt it was worth the additional coverage.
>
If any particular structure is covered, but is worth more than 10% I put a 
rider on it.
As far as the total structures you pays your money and makes your choice.

Another thing most of us don't think about is water.  Water damage isn't 
usually covered unless you carry a rider for that.  Few of us carry flood 
insurrance as we don't live in flood prone areas, but check to see what your 
carrier calls a flood when it comes to water damage.  More than likely most 
water damage is considered flood damage.

> With insurance, my experience is that you are never covered for what
> you think that you are covered, and you are always disappointed in the
> settlement when it occurs.
>
So far I've been happy with my coverage, but I've only had a couple of 
claims over the years. We carry replacement cost on contents which is a tad 
more, but generally worth it.  With the computer they even let me put in a 
faster CPU<:-)).  Unfortunately I'd only had the old one a couple of weeks. 
Naturally it was my newest, latest, greatest, state-of-the-art, bleeding 
edge technology. Of course it had become "old news" by the time I replaced 
it.

73

Roger Halstead (K8RI, EN73 & ARRL Life Member)
N833R, World's Oldest Debonair (S# CD-2)
www.rogerhalstead.com
>    73
>
>            Gary    W5FI
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