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Posts: 131
| have you guys ever asked your insurance agent if you need a seperate policy on your rods reels baits and other misc. fishing stuff mine told me my homeowners would cover it . then the question came up . how much stuff do i have? knowbody likes to add it up and put a dollar amount on it . or for that case put it all togeather so the wife dosent put two and two togeather. i spent a couple of days taking pictures of every thing. then down loaded pictures on to acouple of discs. have one for my records gave one to my agent . trouble is i have 1000.00 dollar deductable. she tells me there is no seperate policy i can get . any body know any different ? |
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Posts: 114
Location: New London, Wisconsin | Certainly should be able to get a line item of coverage for "Fishing Accessories" with a much loer deductile than your homeowners deductible. In my case, the deductible on my boat, motor, trailer and fishing accessories is $250. I list my trolling motor, electonics and gear under accessories. Keep in mind that the downside of this is a loss may affect your homeowners rates.
Good Luck,
Labs |
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Posts: 2323
Location: Stevens Point, WI | I know State Farm has what is called a "personal articles policy." We have all our guns, bows, hand held gps's, and anything else that is of extreme value under that policy. If my memory serves me right, a policy like that costs about $1 per $100. So it's relatively cheap.
Edited by Merckid 10/28/2008 10:38 AM
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| i would look into that very carefully.
if something is stolen out of your boat while you're away from home, it's very possible that your homeowner's insurance is not going to cover it unless you've got an exceptionally generous policy or an agent who really really likes you.
in fact, many basic boat insurance policies won't cover it either. don't assume you're covered for stolen equipment only to find out that you're not when you need it most.
on my boat insurance policy (through Progressive) i have a specific additional $5000 "rider" that covers loss of fishing equipment that isn't "permanently attached" to the boat. this includes rods, reels, lures, sonar/gps, etc. when you start doing the math on replacing this stuff, it's surprising how fast it can add up.
it also requires evidence that the gear was secured and forcible entry occurred. (ie., they won't pay for rods laying out on your front deck because you didn't act adequately to protect your stuff, but will pay if someone breaks into a locked compartment).
i'm in the middle of going through this over some recently stolen gear, and i'm very glad that i have the additional rider, that i locked my stuff up and could show the evidence of forced entry. the adjuster was just out looking things over on Friday and i should have a check from Progressive early this week - and he said that i wouldn't be getting it if i didn't have the additional equipment rider policy.
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Posts: 131
| my boat insurance covers all items in the boat or on the trailer with an additional 500.00 for rods and reels .cant get any additional coverage threw boat insurance policy on rods reels net lures ect must be attached to boat to be covered. it was just one of those questions i threw out there to my agent. we all know how insurance works when you need it. one more thing save your recipts on any thing you buy. the more proof you have the better off youll be if the unthinkable happens |
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Location: Grand Rapids, MI | You have a few options to make sure your stuff is covered specifically. Your homeowners insurance does provide coveraged for personal property anywhere in the world - that includes your boat. The type of coverage depends on the policy and there are two things you want to make sure you have on your homeowners:
1. replacement cost on personal property NOT actual cash value (ACV)
2. an HO-5 policy because an HO-5 doesn't limit the perils covered except by exclusion
You could ask to have your fishing tackle endorsed as scheduled personal property in which case you would name all equipment specifically. This really isn't something that you need to do because a homeowners policy doesn't have a limitation on fishing tackle or related equipment as it would with the theft of jewelry, furs and firearms. However, your deductible will apply unless you have everything scheduled. That could be an argument for scheduling everything but it isn't the best because the additional money you spend to schedule everything would be better spent by lowering your deductible. Another oprion is to purchase a personal property floater. This is a completely seperate policy from your homeowners and can be purchased to cover specific items (scheduled) or can be purchased as blanket coverage for personal property. The form that you'll want to ask for is called Personal Effects which is designed to cover things that are carried while traveling. The last option is to have personal property coverage on your boatowners policy. Be careful with this coverage though and make sure that it is replacement cost. Also buy an "all risk" or make sure there is no stipulation on theft for forced entry and that the peril of mysterious disappearance is covered. Things attached to your watercraft that are used solely for the watercraft are considered part of the watercraft (fishfinder, trolling motor, GPS, etc.).
Edited by Will Schultz 10/28/2008 12:25 PM
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| Things attached to your watercraft that are used solely for the watercraft are considered part of the watercraft (fishfinder, trolling motor, GPS, etc.).
for me, the key word on this is "attached". in fact, my policy uses the words "permanently attached".
Will, do you think when the adjuster looks at a depthfinder attached to the boat with a quick-release mount (such as a Johnny Ray or RAM) that they'd consider that "permanently attached"?
by it's nature, the process is somewhat antagonistic; there's lots of fraud out there that the agents need to check against.
boat insurance is relatively cheap anyway, even with a $5k property rider mine is less than $50/month on an '08 boat. it's not worth skimping in order to try and save $5-$10/month.
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Location: Grand Rapids, MI | lambeau - 10/28/2008 1:55 PM Things attached to your watercraft that are used solely for the watercraft are considered part of the watercraft (fishfinder, trolling motor, GPS, etc.). for me, the key word on this is "attached". in fact, my policy uses the words "permanently attached". Will, do you think when the adjuster looks at a depthfinder attached to the boat with a quick-release mount (such as a Johnny Ray or RAM ) that they'd consider that "permanently attached"? They should because it is for the navigation of the watercraft and should have been included in the amount of insurance for the watercraft when the policy was issued. The word permanent is used to stop claims for things like a laptop that can be plugged into a cigarette lighter, or a GPS that is portable... if it is plugged in it is attached right? Wrong. A graph on a Johnny Ray would be considered permanently attached according to the adjusters that work for the compnay I'm associated with.
Edited by Will Schultz 10/28/2008 2:12 PM
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Posts: 131
| thanks for all your views and information im going to barage my agent with a lot of new questions. hopefully this question will also help others out as well ill let ya know in a few days what i find out from my current agent or maybe my new one well see |
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Posts: 4266
| I just got my renewal through Progressive, and will take some extra time to look it over. There is no way that you can hang a price tag on some of the stuff.
UPDATE- Talked to my agent. My policy covers $3000 in personal items. That doesn't include fishing equipment. For an extra $100/year, I can get $10,000 coverage on all fishing tackle and electronics. That is replacement value, so they want photos of all gear  They are going to crap 
Edited by Beaver 10/28/2008 6:57 PM
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Posts: 734
| I am an agent and our Homeowners policy will covers rods,reels, and tackle anywhere in the US. We have an electronics space to fill in what you want as well. You can put 10,000 for electronics if you wanted to. I see a lot of confusion here, and have got a lot of these questions answered from underwriters in our company. So I know my clients are covered! I think the biggest thing for anyone to do is take an inventory of what the have, and takes pictures as well. It will be a lot easier when claim time comes if you have this. If you are in MN feel free to contact me, and I could look at what you have.
If you go through this process to make sure you are covered, you will feel a lot better about it. I know everything in my boat would be replaced in case of some pesky thieves, fire, or accident |
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Posts: 131
| My agent was out today when i called .I talked to anouther girl in the office and blasted her with questions. Some answered some not so much. She was supposed to call me back but didnt. maybe i confused her heck i confuse myself most of the time. the one thing she kept saying was do i have receipts? i dont know about the rest of ya but thats evidence my wife dosent need to see. like i said i took pictures of everything thats all i can give them. muskyjay i may want to talk to you after i talk to them tomorrow |
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Posts: 4266
| I remember when I got ripped of when I was walleye fishing in the spring on The Mississippi River. All I had was a boat named John and a 15 HP motor. They took the gas can, a clamp-on seat, a cooler with some beer, but left the styrofoam cooler that had about 250 bucktail jigs with wire trailers. My renters insurance covered everything but the beer, and the Crawford County Sherrif called me 15 years later to come and identify the seat. Howz that for sticktoittiveness?
I got a very exact quote on my insurance today. The deductibles are included. $500 Ded for marine electronics. $250 Ded for personal belongings...cameras, rain gear, phones, radios, ipods, etc, $10,000 coverage for fishing eqipment-$250 Ded. Sounds like good coverage to me.
Nothing in writing about reciepts or photos, so I'll have to check and make sure.
Edited by Beaver 10/29/2008 7:04 PM
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Posts: 1516
| One thing about HO insurance while it covers the personal property anywhere in the world the coverage for PP is usually on a named peril basis. So if it stolen it's covered. If it sinks when you boat sinks no coverage. |
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