[TowerTalk] Insurance for my tower??

Timothy Coker n6win at yahoo.com
Thu Apr 5 11:53:48 EDT 2018

I should add... the agent who was successful wasn’t only able to get me insured, but he did so with one of the underwriters at Company A who previous agents said those underwriters said no.
How is it that a motivated agent gets told no by the same underwriters that another motivated and ham radio educated agent is told yes? 

It truly pays to find a good agent. He was able to get, in writing, my approval from the same underwriters that previous agents were not able to do so. I never understood this before, just figured they were people taking easy commissions in today’s digital age of information. In this man’s case I am absolutely wrong.
Tim / N6WIN.

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On Thursday, April 5, 2018, 08:40, Timothy Coker <n6win at yahoo.com> wrote:

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.
 Tim / N6WIN.

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On Wednesday, April 4, 2018, 15:29, Dick Blumenstein <rcblumen at 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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