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| Message Subject: Insuring your stuff | |||
esoxaddict |
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Posts: 8831 | Norm's recent misfortune has gotten me thinking about what would happen if my stuff got lost or stolen or burned up in a fire... How would I even begin to estimate the cost? How would I remember what I even had? How would I prove I had it? I don't save receipts. I always SAY I'm going to send in the warranty cards for rods and reels, but do I? Nnnooooooooooooooooo..... Should I take pictures? Take some kind of inventory? What about collectible stuff? How do you replace a collection of muskynut Weagles? Is your stuff insured the same if you're out of state as it is in your house? Is it part of your car insurance if its in the car, boat insurance of its in the boat? What about if you guide or fish tournaments? Sorry for all the questions, and please save the "EA you'd be better off with one combo and a bucktail anyway" comments. Let's talk about what to do to make sure we're not totally hosed should some unforseen event leave us and our equipment seperated... | ||
| lambeau |
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| call you insurance agent and talk to the actual expert who knows your policy and will be making the decisions about what's covered in the event of a loss. then go out and document what you have the way THEY tell you to do it... | |||
| esoxaddict |
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Posts: 8831 | Good point. Has anyone here come up with a good way to catalog/inventory/document their gear and estimate its value? | ||
| Steve Jonesi |
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Posts: 2089 | Document, document, document. Photos, receipts and video all help. Best to call your agent. Ask him/her specific questions and explain how/where etc. I think a lot of folks would be surprised as to what may or may not be covered given a particular peril.Check your limits as well.I know for a fact that my original policy wouldn't have covered the replacement cost on a 110.Ask your agent if you will get actual replacement cost or ACV(actual cash value). Everyone should dig out their policies and check. Better safe(and covered) than sorry. Been there too. Steve | ||
| Troyz. |
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Posts: 734 Location: Watertown, MN | Documentation, I have an excel spread sheat by bait category, I list each bait and color pattern. The only bad part of this is I only update it in the winter, so purchase made during the summer are not on the list, but I do have reciept for most purchase going back 3 years now. I will also be taking pic with a digital camera this winter to match up with my spreadsheet. Also good idea to check you policy limits. Troyz | ||
| Bytor |
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Location: The Yahara Chain | I have asked my agent this several times, he always tells me that I am covered. I tell that I have A LOT of stuff, he still tells me that I am covered. This winter I am going to demand something in writing from him. Baits: $5300.00 Rods: $1400.00 Reels: $1200.00 I will take pics and get something from him in writing. I always thought if somebody ripped me off that my agent wouldn't believe me. I have photos of most of my baits but not of my rods and reels. Edited by Bytor 12/15/2006 3:32 PM | ||
| Pepper |
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Posts: 1516 | Having worked in insurance claims for several years I can tell you to make an inventory and take photos. Keep the photos and inventory separate from the items on the inventory. In case of fire or tornado you wnat to make sure they survive. Most homeonwers policies provide replacement cost coverage on personal propoerty. Check to make sure yours does. Most HO ploicies provide limits of at least 50% of the coverage on the dwelling for all the personal property. If you need more you can ussually buy it. Most HO policies covers your property anywhere in the world. There are limitations as to what is covered. Theft is covered. capsizing the boat and having all you stuff sink is not. As far as guiding and touaments you may want a business policy. If you guide you probably need to tell your agent about that right now. I personally won't expect anyone to have a reciept for every lure they had so thats where photos come in handy don't need one per lure (at least I would expect that) but you should be able to tell what they are and how many from the photos. Digital cameras make it easier and cheaper. Your boat insurance may also provide some coverage for tackle and equipment thats a question for the agent. Car insurance will most likely not cover anything that is not part of the car. Collectors lures should be paid based on the their value. You would be required to proof. I saw 2 nut weagles sold for $75 and $85.00 here last week of course you would need to prove they were that which you say it is. Finally read your policy yourself and if you have questions ask the agent he should have to do something for all the $$$ he makes. | ||
| Ranger |
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Posts: 3910 | Lesson #1 is knowing that your stuff is insured 1) at home/garage, 2) in the driveway, 3) tied to the pier and 4) on the road. I'm covered in all ways EXCEPT on the road, then the boat is not covered without a rider. My little chump boat is not worth much, so I don't do the rider, but I probably should. Pictures are critical to make sure you replace everything you lose. I do this with my guns, with serial numbers written on index cards next to each gun. I send the photos to a sister in case of fire. 15 years ago my boat, tied to the pier in front of the house, was cleaned out of two full bass boxes, 2 rods, the trolling motor and a toolbox. (Guests finished fishing at 2:00am and were planning to go out the next morn so they left the gear in the boat.) The boat was covered via homeowners and the insurance agent asked me to provide an estimate of the loss. When I let him know the number he was concerned about "theft inflation" and insisted on a visit to my house. I set up all my muskie gear in a big display for his arrival; when he got there he say's "Jeeze, look at all this stuff! I thought you said you were cleaned out?" I told him, "They only took the bass and walleye stuff, this is just my muskie gear and I got it out so you can see that I'm pretty serious about fishing." He told me to use my credit card and replace EVERYTHING I lost, just to meet the $ value, I didn't have to exactly replace every item. Boy did I have fun over the next 3 days. Can you imaging buying one of every size and color of Rapalas at your local Wallmart? Plus a bunch of other stuff. I think my first check out was something like $900 worth of baits. Second, at Meijers, was maybe $600 in baits and a new trolling motor. Then to Lunkers to finish it up, another $500 or so of baits, plus two new Falcons with a Pinnacle Deadbolt reels. I honestly can't recall the exact $numbers$ now, but dang was it fun to replace all that stuff. I sent in the receipts and had my reimbursement check within a week. About $2,000 for evereything. | ||
| TJ DeVoe |
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Posts: 2323 Location: Stevens Point, WI | Maybe I can shed some light on insuring things. As much as I know how many people despise insurance and especially insurance agents, my dad is State Farm Insurance here in Antigo. After hearing about numerous stories like Norm's I am always telling people or when people have things stolen from their boat/truck is to ask do you have insurance on it? I would say 90% of people have nothing at all. What I can suggest and this is in no way trying to sell anyone this but I have taken time to talk to my dad about this considering a very good majority of my money is put into my hunting and fishing habits that I want to know that my stuff that I own is also covered! Now this varys from company to company but I know that State Farm does not cover anything that is not physically attached to the boat itself. So that means things like rods, reels, nets, tackle boxes and etc. State Farms homeowners will cover theft but you have your deductable to meet first. If your now thinking about insurance, you need to check on your boat policy to see if it covers personal property. And if it doesn't there is a little policy called "Personal Articles Policy." But the cheapest thing to do is check on your boat policy first. And if that boat policy doesn't cover theft of items not physically attached then I would highly suggest this policy. This policy approximately runs around $1 for every hundred dollars spent. Give or take a little pending companies. Not only can you have fishing and hunting equipment on this you can also have jewelry, cameras, art collections, guns, fishing locators, just about anything. Also, another thing that I have done to help me know what all I have in my tackle box is taking pictures. But not only do I have pics of everything, I also have taken video of all our equipment so I know EXACTLY what I have. So anytime anyone is fishing with me and we get done with a day on the water and we stop for food or at the bar after league night, I don't have to freak out about putting absolutely everything in my truck just because the thought of having things stolen. I hope this post can shed some light on insuring things for those of you a little less knowledgable in this. Norm, if you need any help with filing a claim or need to know anything, my dad would be more than happy to help you in any way with advice. Just thought I would throw that out to you. If there is any questions you may have I will do my best to answer any. Seeing I do have an insurance agent that lives in the house. Edited by Merckid 12/15/2006 8:00 PM | ||
| mseybert |
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Posts: 443 Location: Indiana | I have progressive and have coverage for my gear. Not too expensive. They said I don't need pictures and my spreadsheet documenting my gear, but I have it anyway. Better safe than sorry. Edited by mseybert 12/16/2006 9:39 AM | ||
| Ben Kueng |
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Posts: 227 Location: Southeast Wisconsin | Take photos and keep receipts. I have my boat and truck policy through Progressive.My fishing equipment is covered under the boat policy for an additional 10K.This summer I had a couple tackle boxes stolen from my truck and found out that they were not covered unless they were in the boat or being cared to and from the boat. Neither my boat nor my truck policy covers the loss of my fishing equipment if its stolen from my vehicle. My advice is to have ALL of your lures,rods,reels and terminal tackle under your Homeowners/renters insurance. My boat policy covers anything thats attached to the boat (trolling motor,electronics...) The best thing you can do is call your agent and talk about your policy in depth.. Happy Holidays! Ben Kueng Guaranteed Guide Service www.benkueng.com | ||
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