Insurance lessons

Honestly, I thought of this (via a video camera and a VHS tape) long ago and just never made the time to act upon it. It came just after a friend had their garage broken into and they stole a bunch of tools.

Just one of those things you think is not that important until you need it. Good advice. And it does not take long to do.

 

while talking to my agent,i told him about all of the electronics i have in my house and he questioned me,said coverage was based on averages ie; house worth so much=electronics value % and i was nowhere near covered,so i had to take out an additional rider for more protection.odd how they can say if your home is worth 120,000,you must only have about 3600.00 worth of electronics lol.but great advise to ask you agent about and see what you are really covered for.....

 

Also know your policy. And get an inspection. Most fish related accidents that result in fire are not covered unless you have gfci outlets among other consideration

great advise though!

 

I refuse to use gfci anywhere but the bathroom. Code wants them in the basement so you have your sump pump on one. As Typical the pump turns on and trips the gfci and your flooded. I replaced my gfci with standards on anything i can't afford to have trip. If a fire breaks out and its a total loss I'd like to see the adjuster out there skimming through the ashes. Those gfci are so sensitive a timer or heater switching on can trip them.

A safer bet: good quality outlets, dedicated breakers and count your amps.

 

Yes speaking from experience! Insurance companys can be very difficult to deal with in insurance claims. From my experience my company and my father in laws do back you up in claims but I'm sure there are companys will leave you high and not dry.. the cover the supples and the products but not the live content. Yes please check with your company!!!!

 

Thanks for the research. Had my breaker panel installed in 08. Must of been a laps when he told me all outlets.

 

I been an licensed homeowners adjuster for the past 5 years. If I could give any advice is to read you're policy. The majority of the disagreements I get in the field is someone assumed they have coverages for this, that or everything within the home. If this was fact a homeowners policy would not be cost effective for the consumer. A Homeowners policy is focused for the primary home and additional thigns second. These additional things have smaller limits and more restrictions. The policy is actually broken up in different areas which makes it easy to read and understand. From my experience I have not came across any insurance company that actual provides $coverage to domestic pets *Dogs, cat, fish, birds*, in fact majority of insurance companies actually excluded all such coverages. Also majority of policies also exclude damages caused via domestic pets such as dog eating a hole in you're wall, fish tank leaking causing damages to hardwood floors. If this is a concern I would speak with you're agent, read the policy and see if you can add an endorsement that would waive these exclusions or add such coverage. From my experience I would say 1 out of 5/6 agents have actually read the policies they are selling.


On another note; adjusters are humans too. Sometimes during a claim mistakes are made, coverage granted where it shouldn't or denial provided when coverages was available within the policy. Per state requirements an adjusters primary job is to FIND coverage for the consumer, without stepping outside the coverage limitations or exclusions. The best thing you can do is educate your self on what you purchased for coverage. The cheapest policy is likely the most restricted policy...