AlanM November 25, 2012 Share November 25, 2012 Is it wise to get a rider or special endorsement on your house insurance policy before setting up a bit tank, or is it typically covered by insurance already? I remember I had to get one for a waterbed when I was renting a long time ago. Link to comment Share on other sites More sharing options...
smallreef November 25, 2012 Share November 25, 2012 It really depends on your base policy..you may want to contact your agency and find out what is covered...mine covers firee damage but for anything specific for my tank i needed an additional rider for it... Link to comment Share on other sites More sharing options...
dmatt56 November 25, 2012 Share November 25, 2012 Nationwide was not willing to insure the entire tank. Hardware - yes. Anything alive - no. Link to comment Share on other sites More sharing options...
dbartco November 25, 2012 Share November 25, 2012 Usaa covers it like an appliance, so any damage incurred covered, but not livestock. I had to file a biggie a few years ago because of a slight malfunction (of the brain...) Link to comment Share on other sites More sharing options...
smallreef November 25, 2012 Share November 25, 2012 Yeah mine is kinda the same..allstate covers everything but fish, inverts, coral...they will cover the sand and liverock since its notthe considered a living animal,lol Link to comment Share on other sites More sharing options...
PotomacBoater November 26, 2012 Share November 26, 2012 Does it cover damage to your home caused by hundreds of gallons of water during a tank failure? Link to comment Share on other sites More sharing options...
ridetheducati November 26, 2012 Share November 26, 2012 Does it cover damage to your home caused by hundreds of gallons of water during a tank failure? Yes. Take pictures of all your hardware including the surrounding area. Link to comment Share on other sites More sharing options...
Jsbarber12 November 26, 2012 Share November 26, 2012 Be careful, if the tank water is due to one of your mistakes then you are SOL, most insurance companies use a standard ISO ho-3 contract , they all just call it something different , let's say you had your tank on a stand or area that was not level, well that would fall under negligence and therefore not be covered. You don't need a rider for your equipment your agent is just getting more $ from you that way. You will never get your livestock covered .ever. But your equipment is covered regardless , unless the damage to it is excluded in your policy. Slow leak from tank that ends up ruining flooring , not covered. If you do sustain water damage though from your tank it will cover all personal property damaged and any structural damage unless the leak of water was a specifically excluded peril. Pick my brain for anything else , I'm a senior underwriter w/cpcu so I can pretty much answer any specific ?'s you might have. Link to comment Share on other sites More sharing options...
Jsbarber12 November 26, 2012 Share November 26, 2012 Yes. Take pictures of all your hardware including the surrounding area. Not 100% it all depends on the cause of the failure or what your adjuster would say the "proximate cause" Say your return pump failed , because of a power flicker or outage due to work being done on the lines and sump overflows everywhere , you are SOL But if it fails due to storm then your fine. Link to comment Share on other sites More sharing options...
ridetheducati November 26, 2012 Share November 26, 2012 Not 100% it all depends on the cause of the failure or what your adjuster would say the "proximate cause" Say your return pump failed , because of a power flicker or outage due to work being done on the lines and sump overflows everywhere , you are SOL But if it fails due to storm then your fine. Prior to an incident, would it be beneficial to document the equipment? I would think maintaining a current inventory would help the process. Link to comment Share on other sites More sharing options...
Jsbarber12 November 26, 2012 Share November 26, 2012 You should always have an inventory of everything in your home, the best way is take pictures and document model# and serial# and email them too yourself so you can access them anywhere . And I'm talking everything , no matter how small it is, if something happens ie total loss you need to be reimbursed for everything down to toilet paper and tooth brush. Link to comment Share on other sites More sharing options...
fry_school101 November 29, 2012 Share November 29, 2012 State Farm added a waterbed rider to my renter's policy. It was the closest thing they had for dumping a couple hundred gallons on the floor. Link to comment Share on other sites More sharing options...
Jsbarber12 November 29, 2012 Share November 29, 2012 Your policy would already cover that( considering its a standard ho4 policy- ho4= renters) so the endorsement is a waste of money to be honest. Link to comment Share on other sites More sharing options...
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