Insurance Question...

[M-Wiggy]

I was talking to my insurance agent about my "Fishing Equipment" !!!! She said that this is covered by my homeowners policy and that I should make an itemized list of everything and what I paid for it... Have any of you guys done this? I was also wondering about taking photographs as well, I have an absolute FORTUNE !!! in my tackle, rods, electronics and Misc. not to mention my Boat !!!!! I but 3/4 of you guys have much more stuff than I do so I wondered what You Guys do with this??

Thanks,

Matthew

[bassRN]

I would check into boat insurance that actually covers what you have in the boat, might get a little tricky with homeowners insurance if your stuff is lost 500 miles from home.

[DIXIEDOG]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by bassRN &raquo;</td></tr><tr><td class="quote">I would check into boat insurance that actually covers what you have in the boat, might get a little tricky with homeowners insurance if your stuff is lost 500 miles from home.</td></tr></table>

I would agree....you need to be insured for your personal belongings on the boat beyond what the actual value of your boat is.

[M-Wiggy]

So do you guys have a seperate policy for that? or does the boat coverage list that as a seperate quantitiy ?? Also, do you guys have a specific amount set for that??

[mikepags]

get an addional coverage for contents under your boat policy.......mine was for 10K or 15K and was only an extra couple of hundred bucks which sounds high until you think about it :sick...........home owners coverage usually caps out low like 2500 of so

[haveme1]

Talk to Bob @ World Wide Marine ! See the insurance board. My boat policy states what it's max payout for gear is. I was thinking 5k. I do have pics for my stuff and receipts for R&R.

I had 2k + worth stolen last year here at my house. Boat ins paid.

[M-Wiggy]

Thanks Mike, Guess Im gonna stop by General Insurance this morning after work to get that underway !!!!

[Wichibass]

Take pictures, inventory everything. Then video tape all of it. Then put it in a safe of safety deposit box. I had to find out the hard way one time.

[CatFan]

Video is the easiest. You can narrate describing when and where you bought it.

It's a good idea to do it for your whole house. It's very difficult to remember everything after a fire or major B&E.

[cougarcat22]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by CatFan &raquo;</td></tr><tr><td class="quote">Video is the easiest. You can narrate describing when and where you bought it.

It's a good idea to do it for your whole house. It's very difficult to remember everything after a fire or major B&E.</td></tr></table>
Sound advice

[smalljawguy]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by haveme1 &raquo;</td></tr><tr><td class="quote">Talk to Bob @ World Wide Marine ! See the insurance board. My boat policy states what it's max payout for gear is. I was thinking 5k. I do have pics for my stuff and receipts for R&R.

I had 2k + worth stolen last year here at my house. Boat ins paid.</td></tr></table>

Very good advice. Most companies are different. Some have a rider on the policy that states the amount covered. Some will tell you that belongings are not covered. Bob will nto steer you wrong.

[briansgi]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by M-Wiggy &raquo;</td></tr><tr><td class="quote">I was talking to my insurance agent about my "Fishing Equipment" !!!! She said that this is covered by my homeowners policy and that I should make an itemized list of everything and what I paid for it... Have any of you guys done this? I was also wondering about taking photographs as well, I have an absolute FORTUNE !!! in my tackle, rods, electronics and Misc. not to mention my Boat !!!!! I but 3/4 of you guys have much more stuff than I do so I wondered what You Guys do with this??

Thanks,

Matthew </td></tr></table>

You should always do this, not just with fishing tackle but everything in your house as well and make note of all model and serial numbers too. Take a video of every item or pictures and save them off to a DVD and keep in a safe place. I've even emailed pics and detailed info of my personal items to my agent so they have it "on file". Less of an issue getting screwed if/when you ever file a claim.

[Chief Paduke]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by briansgi &raquo;</td></tr><tr><td class="quote">

You should always do this, not just with fishing tackle but everything in your house as well and make note of all model and serial numbers too. Take a video of every item or pictures and save them off to a DVD and keep in a safe place. I've even emailed pics and detailed info of my personal items to my agent so they have it "on file". Less of an issue getting screwed if/when you ever file a claim. </td></tr></table>

Good advice. In addition, look at the fine print of home owners policies. Guns and jewelry have very small coverages ($600 limit) unless you get a rider to cover more.

[Fish_4_Five]

<table width="90%" cellspacing=0 cellpadding=0 align=center><tr><td>Quote, originally posted by M-Wiggy &raquo;</td></tr><tr><td class="quote">I but 3/4 of you guys have much more stuff than I do so I wondered what You Guys do with this??
</td></tr></table>

I can tell you right now you have to take the pictures, or video, if you expect to get all that back. Like others have said you should do it for the entire house actually. We did it and keep a file at the house and another copy at the agents office, in our file.

Everyone knows we are nuts, but if we turn in all our "fishing" gear as loss it'll through flags up to the adjuster as unreasonable. "Who needs that many rods and reels!"

Here's a good test we use with customers. Without looking itemize everyting in your kitchen. Then go in there and compare that list with what's actually in there. On average people leave about 35% on the table.

[gambler209]

you should not listen to anyone but your insurance agent if you have a homeowners policy you will have coverage for your fishing tackle probably at repalement cost but it my have certain limits for theft you need to know what they are. ussually on a boat if you add coverage for fishing tackle it will be acv or take the age of your stuff and depreciates it so you recieve less money i lost all my tackle and rods one night in 2001 at tablerock lake thieves went and took our boats out of the stalls and pulle them to a qiuet cove whrer they could break into the rod lockers and taclke i went to bass pro in springfiel that next day and spent 5000 on my credit card and turned the recipt into the claims adjuster and got 4900 back farm bureau insurance only had a 10% limit on my homeowner policy for contents away from home so technicaly i could have claime near 20000 but i will tell you 5000 was not even near what had gotten stolen you cant replace tackle in one trip especially when you are always buying the new hot lure when you travel around to different lake often

[721Proxs]

Not only that, most HO ins has a 1% deductable...for me that would $2100.00..on my boat, I have a $250.00 ded..thats a 1850.00 diff...and that my friend buys alot of tackle!!

[R.D.]

I have a Rider on policy for such things.


cash Replacement and a $250 Ded

[M-Wiggy]

Thanks guys !!!!!!!! I will video and take Pics of ALL tackle, Rods, reels, and Electronics this weekend and get a copy to Glenda , Insurance Agent. I cant imanage the HORROR of losing all that stuff !!!!!! I get so paranoid when I go in to eat somewhere of what can happen. Thanks again guys for the help !!!!!!

[timberland]

I've had not only my fishing equipment covered under my home owners insurance, my whole Ranger boat, trailer and Mercury are covered. As well for "actual replacement" coverage. My carrier is "Home Owners" ...the cost is well below a stand alone policy. As suggested take photo's and document everything you have on or in the boat.

[delee36]

I would guess that a separate boat policy is "safest"....or most likely to protect you at any rate.
Two situations same insurance company:
director of the club I used to belong to got wiped out on his way to a TX by a drunk driver ( 200 miles from home)...trashed the boat and everything in it. His homeowners covered everything...though he did not get real good value for any of it.
member of our club, also wiped out by a drunk driver...damage remarkable similar...both boats totaled at any rate...the insurance company would not cover a dime of it.

why the difference from the same company?
who knows.
but it left ME thinking that going with a specialist like a boat insurance company might prove more reliable/consistent...and might also offer better values on replacements etc.