[TowerTalk] Insurance for my tower??
rcblumen at centurylink.net
Wed Apr 4 18:29:18 EDT 2018
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.
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,
> Progressive made it easy to do this.
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