Insurance on tank(s)?
- Thread starter svb57
- Start date
daFrimpster
New member
I got wacked by the recent storm here in spfld. I lost about half my livestock fw and sw. My insurance adjuster said "if the tornado would have knocked your tanks over we would have paid for the tanks and equipment but not the livestock. No animals are covered. period"
ONEMANBAND
New member
My American Family guy said no to the contents, yes to the equipment and could not offer me coverage for contents. Also if say the tank seam blows out, they would not necessarily cover water damage to rest of the house. If anybody has a company/agent name that offers coverage please post a phone #.
Highlander
outa salt 8-(
Maybe jgleach can add something here.
I seem to recall that when his tank bellied up due to a fan problem, the corals were covered under "home decoration" rather than "animals".
I seem to recall that when his tank bellied up due to a fan problem, the corals were covered under "home decoration" rather than "animals".
jgleach
New member
Alrighty then....this statement is true....my incident was somewhat unique. My tank overheated when my cooling fan in the canopy fell off and fell into the tank. This tripped the GFCI that it and the main pump in the sump were powered from, but not the lighting. I just happened to be out of town at the time and when I got home, the tank temp was somewhere in the mid 90's....nearly all of my corals perished, but the fish lived....and the sump overflowed because I had the auto make up on a timer, not on a float switch. Anyhow....I had to do a lot of research....and I had to choose my words carefully. First off, had the tank malfunctioned, nothing would have been covered. This disaster was caused by a household appliance (the fan). I also did quite a bit of research regarding copper since the fan motor sat in the tank for up to a week. I had my tank water analyzed and it showed some small amount of copper...I don't remember how much. The adjustor quickly made mention that my policy did not cover "pets", to which I stated that the pets were still alive (the fish), but the "coral decorations" were "ruined" due to the copper. I think what finally swayed him was that I showed him price quotes (online) for decorative coral skeletons that were priced higher than I was claiming the live corals to be. My arguement was that even dead, they were still decoration and the copper had caused them to be unfit to put into an aquarium. After all was said and done.....and a lot of work and research on my part, the insurance company covered the cost of the corals, LR, and slight water damage to my home. The funny part of the story was that they depreciated the corals based on how long I estimated I had them.....
Now, having said all that....had ANY of the circumstances been different, or had I not done my homework, I suspect that this incident would not have been covered.
Jeff
marilynrn711
Premium Member
Good job with your research, especially the copper part. Did you actually have to show them your dead coral skeletons?
bboersma79
New member
So I am looking into insuring that tank now and wanted to know if anyone else has found legitamate insurance for their tanks? According to my agent I am covered on an overflow/flooding by my liability insurance but otherwise nothing else is covered.
paininthewrasse
In Memoriam
thats interesting..
craftytony
OT Godfather
guess you just need to choose your words wisely.
ReefWorld03
Premium Member
Very interesting post
firefishbrain
New member
that's lame, you can get insurence for your cat or dog, but not your MULTI thousand dollar investment (I personally haven't hit that marker yet)... hemm somethings fishy and it's not my tanks
roberts722
Premium Member
rob top is right on. if you have the money, they will give you a preimum to sign...
