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07-28-2008, 09:08 PM
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#1 (permalink)
| | Plankton
Join Date: Jul 2008
Posts: 4
Karma: 20
 |  Insurance and saltwater tanks????
I was wondering what would happen if your tank was broken during a party or some how. Would normal home owners insurance cover the damages? Anyone have any idea on this? I am not sure but I would assume if my 90 gallon tank broke even tho its on tile the carpet would need to be replaced! Just asking to see if I should add flood insurance. | 
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07-28-2008, 09:09 PM
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#2 (permalink)
| | Giant Squid
Join Date: Apr 2007 Location: Louisville, GA Age: 45
Posts: 3,461
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Quote:
Originally Posted by 2_slow_5.0  I was wondering what would happen if your tank was broken during a party or some how. Would normal home owners insurance cover the damages? Anyone have any idea on this? I am not sure but I would assume if my 90 gallon tank broke even tho its on tile the carpet would need to be replaced! Just asking to see if I should add flood insurance. |
from what I've heard they will cover the water damage, just not the livestock or tank
that's a really good question with me just setting up the 135 I'm gonna call my ins tomorrow | |
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07-28-2008, 09:10 PM
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#3 (permalink)
| | Feather Duster
Join Date: Apr 2008 Location: North Wales PA Age: 36
Posts: 231
Karma: 5
| Insurance
I think also your floors are covered from the water damage but not the actual tank | |
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07-28-2008, 10:16 PM
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#4 (permalink)
| | Sea Dragon
Join Date: Jun 2008 Location: Maumelle, AR Age: 34
Posts: 528
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Quote:
Originally Posted by 2_slow_5.0 I was wondering what would happen if your tank was broken during a party or some how. Would normal home owners insurance cover the damages? Anyone have any idea on this? I am not sure but I would assume if my 90 gallon tank broke even tho its on tile the carpet would need to be replaced! Just asking to see if I should add flood insurance. | If my tank was broken at a party, the person who did it would need health insurance!
Gin
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Running my first 25 Gallon reef tank, not fully stocked...born on May 23, 2008! | |
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07-28-2008, 10:40 PM
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#5 (permalink)
| | Clown Trigger
Join Date: Jun 2008 Location: Shelton, Washington Age: 44
Posts: 2,002
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Dude, I don't think so. Not unless you have a special rider. Look into it. I believe aquariums are on the exception list. I read it here in one of these threads recently. I will have to call my carrier and see as well. John. _________ 90g HW: 20g Sump, ETSS PSw/Mag9, CPR OF/Rio 2100 RTN, MJ AC 2K3 PH's (2800GPH ttl flow), 300W htr, Gnd Prb, Denitrator, UV, PCs: 2x65,4x55 Fish: Ylw Tang, LM Blenny, Hmbg, Y-T, Ylw dmsls, Mrn Clown, Coral Beauty, Red Crs Wrsse. Inverts: Snls/HCs, CBS, P-mnt shrmp x2, Sandstar, Condy Anen, Tbe Wrm, Sea Apple. Frags: Frgspwn, Kenya Tree. Corals: GSP, Zoos, Shrooms, Lobo Brain, Turbinaria, Mshrm Lthr, Fngr Lthr. Other: 127# LR, 1-2" LS DOB 5/7/08  | |
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07-28-2008, 10:45 PM
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#6 (permalink)
| | Scooter Blennie
Join Date: Nov 2007 Location: South Florida Age: 43
Posts: 1,248
 
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Being a FL resident and having purchased home owner's insurance, especially with hurricaines and floods and such, I know that here in FL; your homeowners or renters insurance does NOT cover floods. You need specific flood insurance for that.
As for what pharmrjohn said about it being excluded, that might be true too. Just mention when shopping for ins. that you have a tank, and they'll fill you in.
_________
90G display tank. Kent Phos Reactor running carbon and ROWAPhos, Coralife 225 Skimmer, Typhoon 5 Stage RO/DI, 20 Gal Sump/Refugium with Chaeto/Caulerpa lit opposite daylight cycle. Coralife 2x150MH, 14K + 2x96W PC Actinics, Ecotech Vortech propeller pump, Hydor Koralia #2. | |
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07-30-2008, 07:27 AM
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#7 (permalink)
| | Skunk Shrimp
Join Date: Apr 2008 Location: South Florida
Posts: 272
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I am pretty sure about this one -
Most Homeowners Insurance Policies (HO3) will cover "Accidental discharge" or "Overflows" of Water. This means that if your tank breaks, everything damaged because of the water will be covered (Less your deductible).
The tank itself will NOT be covered nor will the fish (Animals) or any inhabitants of the tank.
So, pretty much - anything UNDER the tank. The furniture, the floor, carpet, walls, couch, draperies etc...
This would NOT be Labeled a Flood for insurance purposes.
That said, every policy is different so simply read the coverages section and the exclusions section. If you are still unsure then ask your broker and hope he is not a moron.  _________ www.thesmartfisherman.com
20 Gal & 15 Gal Refugium/Sump-25 Lbs Live Rock, 30lbs Sand. 2x65 PC 10,000, 6500k Actinics with blue Moonlight, Fan. 2 Green Chromis, Maroon Clown, Royal Gamma.
Xenia, Sabae Anemone, Frogspawn, Yellow Star Polyps, Buttons, Sun coral, Mushrooms, Riccordia, Zoas, Feather Dusters, Emerald Crab, Red mithrax crab, 1 Scarlet Legs, 15 Blue Leg, 15 Assorted Snails.
Refugium- Mud, one inch sand top, Cheatamorpha & LR, Rio1800 Pump. Two fans | |
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07-30-2008, 09:04 AM
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#8 (permalink)
| | Ocellaris Clown
Join Date: Jan 2008 Location: Tulsa, Ok Age: 28
Posts: 1,470
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Quote:
Originally Posted by ALW That said, every policy is different so simply read the coverages section and the exclusions section. If you are still unsure then ask your broker and hope he is not a moron. | I've spoken with my agent about it and adding an insurance policy to cover the tank breaking is unbeleivibly expensive, so much that if I had a tank bust once every 5yrs It'd be cheaper for me to just out of pocket the expenses rather than pay the monthly premium and co-pay + the hassle of fighting over the costs of replacement with the insurance company.
Having worked for one in the past I can honestly say read the fine print and even if you know an attorney or legal assistant buy them dinner and have them look it over as well, insurance companies #1 goal is to be profitable not help their clients.
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24G JBJ Nano, 20# Live Sand, 20# Live Rock
Rose BTA, Xenia, Shrooms, Green Candy Cane, multiple types of zoas and palys
Blue/Green Chromis, 2x Black & White Percs, Dragon Goby, Six Line Wrasse
90g DSA - D.O.B. 11-4-08
ASM G2 skimmer, mag18 return, MRC CR1 CA Reactor, Phos Reactor, Tek 8x54 T5HO
130# Live rock, 100# Live sand | |
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07-30-2008, 09:44 AM
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#9 (permalink)
| | Gnarly Old Codfish
Join Date: Sep 2003 Location: Silverdale, Washington Age: 59
Posts: 4,778
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Quote:
Originally Posted by pharmrjohn Dude, I don't think so. Not unless you have a special rider. Look into it. I believe aquariums are on the exception list. I read it here in one of these threads recently. I will have to call my carrier and see as well. John. | Is so with my insurance co....will not cover water damage caused by an aquarium...but will cover expense of a new one if broken...go figure  _________ AG "125," AquaC EV 180, 30 gal sump, "SCWD", 80 lbs LR, CoralSeaLife "Moonlite" Hood, PFO 250W HQI Mini-Pendant (SPS HQI 14000k bulb)
12 Gallon NanoCube - 24w stock PC 50/50 light "...nothing good ever happens fast in a reef tank, only bad things happen fast..."
- MIKE PALLETTA - (2008 Reef log) ("OmarD"/"Scott") | |
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07-30-2008, 10:48 AM
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#10 (permalink)
| | Skunk Shrimp
Join Date: Apr 2008 Location: South Florida
Posts: 272
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Quote:
Originally Posted by omard Is so with my insurance co....will not cover water damage caused by an aquarium...but will cover expense of a new one if broken...go figure | That is one strange Insr Comp. right there. 
If I were you, I'd read that policy cover to cover.  | |
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