insureyou
Alabama,#2Consumer Suggestion
Sun, July 20, 2014
Let me give you the other side of the coin. I had someone ask me for liability only so that they could get a contract. (This is bad business for me) I told him that I had to at least insure his shop. Well, he had a fire a few months later.
The point that I am trying to make is this, there are good and bad agents out there for sure. Some of them would have just gave him the liability as he requested. The equalizing factor in all of this is your POLICY. If your trailers aren't listed in your policy then the insurance company does not know they exist. READ your policy and make sure your agent did his job. Things like these are too complicated to do on a hand shake. He could have simply forgot. (Which is not a good excuse, but it happens). Ultimately, a judge and the insurance company is going to wonder why you didn't read your policy. Sorry. I am posting this so you and others that read this post will do so in the future.
Also, with a homeowners policy it is a good idea to video tape things in your house and put it in a safe deposit box, if you have a lot of valuables. If you have single items of high value, be sure to tell your agent to add them to your policy. Paying 50 cents per month for a $20,000 oil painting may be worth it!
John
Greenville,#3General Comment
Tue, December 25, 2012
First off, your complaint as written is not a ripoff. Your complaint can not be against the insurance company, but against the agent IF you told him specifically that you wanted coverage for the tools and the trailer. I am very surprised that the company is paying you as much as you are getting since the policy forms limit coverage for theft to tools and damage to trailers. You MUST pay for an endorsement that specifically specifies the amount you need for the trailer and EACH tool. You also must state to the insurance company where the trailer will be - exact addresses and how it will be secured. Insurance is an assignment of risk. If the company does not know ALL of the risk and EXACTLY what you expect if a loss occurs, then you will probably will not be paid. This responsibility is yours as much as it is your agents. I agree, a good agent would have addressed these issues or face possible charges of Errors and Ommissions later. but again you are responsible to state your expectations.