 Read Insurance policy (by Still Learning [NH]) Apr 24, 2024 6:22 PM
 Read Insurance policy (by ken [NY]) Apr 24, 2024 6:41 PM
Read Insurance policy (by Ray-N-Pa [PA]) Apr 24, 2024 7:46 PM
Read Insurance policy (by 6x6 [TN]) Apr 24, 2024 8:02 PM
Read Insurance policy (by DJ [VA]) Apr 25, 2024 7:39 AM
Read Insurance policy (by zero [IN]) Apr 25, 2024 8:44 AM
Read Insurance policy (by tryan [MA]) Apr 25, 2024 9:34 AM
Read Insurance policy (by WMH [NC]) Apr 25, 2024 10:50 AM
Read Insurance policy (by Rick [IN]) Apr 25, 2024 10:55 AM
Read Insurance policy (by Vee [OH]) Apr 25, 2024 12:56 PM
Read Insurance policy (by zero [IN]) Apr 25, 2024 5:44 PM
Read Insurance policy (by Small potatoes [NY]) Apr 28, 2024 5:15 PM
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Read Insurance policy (by Still Learning [NH]) Posted on: Apr 24, 2024 6:22 PM
Message:
I just got off the phone with questions before binding my umbrella policy. There seem to be new exclusions every year. This time there were exclusions involving cannabis and assault/battery. The person I was talking to mentioned some companies are going no smoking on the premises inside or out (luckily not mine as I currently have 1 person that smokes outside). Try as I might, I can’t control tenant behavior 100%. A company that has that in its policy would not cover a fire due to smoking. I used to wonder what my expensive policies actually do cover, unfortunately with every exclusion that gets added, it is becoming more of a reality.
--73.159.xxx.xx |
Read Insurance policy (by ken [NY]) Posted on: Apr 24, 2024 6:41 PM
Message:
this is kind of rediculous, we can tell them no smoking all day long but what happens if our tenant doesnt smoke but a friend stays the night and causes a fire from smoking? --74.77.xx.xx |
Read Insurance policy (by Ray-N-Pa [PA]) Posted on: Apr 24, 2024 7:46 PM
Message:
The more I have experienced the more I believe banks and insurance companies control the world. --24.101.xxx.xxx |
Read Insurance policy (by 6x6 [TN]) Posted on: Apr 24, 2024 8:02 PM
Message:
"There seem to be new exclusions every year." Yes indeed.
When do we reach the point where it is not worth having?
After all, they no longer cover anything but want your first born. --76.129.xxx.xx |
Read Insurance policy (by DJ [VA]) Posted on: Apr 25, 2024 7:39 AM
Message:
6x6: I was wondering the same thing. When does the risk/odds become acceptable to just go without insurance? --68.229.xxx.xxx |
Read Insurance policy (by zero [IN]) Posted on: Apr 25, 2024 8:44 AM
Message:
I know one guy that self insures. He has liability and if there is a mortgage he covers that as well.
He had a fire a year or so ago and his insurance wouldn't cover anything. He just decided to let the house sit.
I still need to get with another company to do some comparisons. I use SF but I am not happy with the office of late. --107.147.xx.xx |
Read Insurance policy (by tryan [MA]) Posted on: Apr 25, 2024 9:34 AM
Message:
Just had an insurance inspection and he wants an outdoor burn pit removed. The thing has been there for DECADES. Now "it's a liability". i think these people just need to FIND SOMETHiNG to justify their weekly pay. --198.168.xx.xxx |
Read Insurance policy (by WMH [NC]) Posted on: Apr 25, 2024 10:50 AM
Message:
Read your policies - I just found a totally unknown place listed on my policy. It was added as a second liability or something like that. I contacted my agent and she was completely puzzled. It has been removed. She wrote, "Thank you for actually reading your policies. You are the only one who does." --173.28.xx.xxx |
Read Insurance policy (by Rick [IN]) Posted on: Apr 25, 2024 10:55 AM
Message:
Have been self insured for over a decade. To do so be out of debt and have a good relationship with at least one contractor. Also have a good line of credit at a credit union. This works for me. --174.202.xx.xxx |
Read Insurance policy (by Vee [OH]) Posted on: Apr 25, 2024 12:56 PM
Message:
Ken, the tenant is responsible for the guest, with all the hoopla about medical MJ still a federal offense to light it, look at it in the jar and chew it but no smoking. --184.59.xxx.xx |
Read Insurance policy (by zero [IN]) Posted on: Apr 25, 2024 5:44 PM
Message:
WMH, you had a property on your policy that wasn't yours?
Umm, can I send you a list of mine? --107.147.xx.xx |
Read Insurance policy (by Small potatoes [NY]) Posted on: Apr 28, 2024 5:15 PM
Message:
Thanks for that Still Learning. Anyone use usaa for rentals? They have been great w my auto, but to date I have not mixed business w personal policies. Can't imagine smoking not being covered. It's one thing to say no smoking and another to say nope not gonna touch that. It was alleged that the estranged bf of a tenant threw something through a mail slot that started a fire in my fire building, but it was never proved. Didn't help that the tenant left butts everywhere, prolly freaked out during a confrontation and accidentally started a fire. I received 100% of the funds since the damage was higher than the insured value. --172.59.xxx.xx |
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