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Oops! and Insurance of Scopes
The recent thread about the suicidal PST got me thinking:
I've got a 15" on the way and, although I'm careful with fragile things, the idea of having a $2000 chunk of glass has me thinking about my home owner's insurance policy. I haven't contacted my agent yet, but does anyone have any experience or advice concerning astronomical mishaps? Thanks, Shawn |
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Oops! and Insurance of Scopes
On Sun, 12 Mar 2006 09:52:22 -0700, Shawn
sdotherecurry@bresnannextdotnet wrote: I haven't contacted my agent yet, but does anyone have any experience or advice concerning astronomical mishaps? Talk to your agent. Some items are better scheduled. |
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Oops! and Insurance of Scopes
Shawn wrote:
The recent thread about the suicidal PST got me thinking: I've got a 15" on the way and, although I'm careful with fragile things, the idea of having a $2000 chunk of glass has me thinking about my home owner's insurance policy. I haven't contacted my agent yet, but does anyone have any experience or advice concerning astronomical mishaps? Thanks, Shawn I've had insurance on the total of all my Castro equipment---scopes, filters, eyepieces, binos, etc.--- for about 6 years. I've made one claim for an eyepiece that someone knocked off a table, and it was quickly paid. I have a "present replacement cost" policy which, regardless of what I paid for it, will replace it at the current price. My policy is through the same agent that I have my home insurance policy with---and he strongly advised me NOT to add the astro gear to my home policy. I don't recall his exact argument, but it went along the idea that a rider on my home policy would not only have a deductible, but a limit on how much could be covered. I have $ 11,000 of coverage--that's a total--which will pay the present cost as I prove it. Each year, when I renew, I must provide proof that to get the item today would cost whatever. If the item is no longer available, such as some of my eyepieces, I show the cost of the update replacement for that item. For this coverage, it costs me $ 106 per year. This covers anything that could happen to the gear---theft, damage (including a dropped eyepiece), fire, damage if in an accident to or from an observing site, etc. Oh yeah---my policy is with State Farm. It is covered through a camera policy. My agent had to convince the underwriters that it was a valid policy.....I know several others who have gotten similar insurance from State Farm by referring to my policy. Further info willingly given..... Wayne Howell Photon Phlats Observatory Port Townsend, WA |
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Oops! and Insurance of Scopes
whowell wrote:
Shawn wrote: The recent thread about the suicidal PST got me thinking: I've got a 15" on the way and, although I'm careful with fragile things, the idea of having a $2000 chunk of glass has me thinking about my home owner's insurance policy. I haven't contacted my agent yet, but does anyone have any experience or advice concerning astronomical mishaps? Thanks, Shawn I've had insurance on the total of all my Castro equipment Hmmm .. |
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Oops! and Insurance of Scopes
whowell wrote:
Shawn wrote: The recent thread about the suicidal PST got me thinking: I've got a 15" on the way and, although I'm careful with fragile things, the idea of having a $2000 chunk of glass has me thinking about my home owner's insurance policy. I haven't contacted my agent yet, but does anyone have any experience or advice concerning astronomical mishaps? Thanks, Shawn I've had insurance on the total of all my Castro equipment---scopes, filters, eyepieces, binos, etc.--- for about 6 years. I've made one claim for an eyepiece that someone knocked off a table, and it was quickly paid. I have a "present replacement cost" policy which, regardless of what I paid for it, will replace it at the current price. My policy is through the same agent that I have my home insurance policy with---and he strongly advised me NOT to add the astro gear to my home policy. I don't recall his exact argument, but it went along the idea that a rider on my home policy would not only have a deductible, but a limit on how much could be covered. I have $ 11,000 of coverage--that's a total--which will pay the present cost as I prove it. Each year, when I renew, I must provide proof that to get the item today would cost whatever. If the item is no longer available, such as some of my eyepieces, I show the cost of the update replacement for that item. For this coverage, it costs me $ 106 per year. This covers anything that could happen to the gear---theft, damage (including a dropped eyepiece), fire, damage if in an accident to or from an observing site, etc. Oh yeah---my policy is with State Farm. It is covered through a camera policy. My agent had to convince the underwriters that it was a valid policy.....I know several others who have gotten similar insurance from State Farm by referring to my policy. Further info willingly given..... Thanks Wayne. That's the sort of info I was after. Shawn |
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Oops! and Insurance of Scopes
Shawn wrote:
thinking about my home owner's insurance policy. Hi. Think about this when you think homeowners insurance. You make two claims with a several year span, and your rates will go up. you make three or more, and yes they do have SR 22 homeowners insurance, make no mistake about it. After all the hurricanes, and NO, they are really paying attention to this now. I've seen and worked for people paying $1200 per month for insurance........ -- AM http://sctuser.home.comcast.net CentOS 4.2 KDE 3.3 |
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Oops! and Insurance of Scopes
Shawn wrote:
whowell wrote: I've had insurance on the total of all my Castro equipment---scopes, filters, eyepieces, binos, etc.--- for about 6 years. I've made one claim for an eyepiece that someone knocked off a table, and it was quickly paid. I have a "present replacement cost" policy which, regardless of what I paid for it, will replace it at the current price. My policy is through the same agent that I have my home insurance policy with---and he strongly advised me NOT to add the astro gear to my home policy. I don't recall his exact argument, but it went along the idea that a rider on my home policy would not only have a deductible, but a limit on how much could be covered. I have $ 11,000 of coverage--that's a total--which will pay the present cost as I prove it. Each year, when I renew, I must provide proof that to get the item today would cost whatever. If the item is no longer available, such as some of my eyepieces, I show the cost of the update replacement for that item. For this coverage, it costs me $ 106 per year. This covers anything that could happen to the gear---theft, damage (including a dropped eyepiece), fire, damage if in an accident to or from an observing site, etc. Oh yeah---my policy is with State Farm. It is covered through a camera policy. My agent had to convince the underwriters that it was a valid policy.....I know several others who have gotten similar insurance from State Farm by referring to my policy. Further info willingly given..... Thanks Wayne. That's the sort of info I was after. Shawn Did I REALLY call it my "Castro" equipment?! Dadratted computer makes the darnest spelling mistakes! Wayne Howell Photon Phlats Observatory Port Townsend, WA |
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Oops! and Insurance of Scopes
AM wrote:
Shawn wrote: thinking about my home owner's insurance policy. Hi. Think about this when you think homeowners insurance. You make two claims with a several year span, and your rates will go up. you make three or more, and yes they do have SR 22 homeowners insurance, make no mistake about it. After all the hurricanes, and NO, they are really paying attention to this now. I've seen and worked for people paying $1200 per month for insurance........ Hmm, and they raise rates based on the insured value, not previous claims. I'll look into a seperate rider (correct word?) for the scope. Shawn |
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Oops! and Insurance of Scopes
Did I REALLY call it my "Castro" equipment?! Dadratted computer makes the darnest spelling mistakes! Nice try, Pinko! Now we know your true colors! Care to discuss what Fidel has you using all of that equipment for? |
#10
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Oops! and Insurance of Scopes
On Sun, 12 Mar 2006 19:20:53 -0800, whowell
wrote: Did I REALLY call it my "Castro" equipment?! Dadratted computer makes the darnest spelling mistakes! I thought perhaps they were convertibles. |
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