Insurance Company

Insurance Company

PostBy: Kubota2007 On: Thu Mar 20, 2014 5:16 pm

Called Insurance co yesterday, to tell them Wood Stove has been removed and replaced with a coal stoker, What a can of worms that has opened, as per agent, I will need to fill out a form with all measurements,it must be installed by a professional, I will need to showproof that chimney has been professionally Cleaned, and my insurance will go up $60.00 per year. Who would think going from a homemade wood stove, to a coal stoker would cause this much trouble.
Kubota2007
 
Hot Air Coal Stoker Stove: Harman Magmun 20yrs old,Harmon Super Mag just installed.
Coal Size/Type: Rice
Other Heating: Electric,

Re: Insurance Company

PostBy: michaelanthony On: Thu Mar 20, 2014 5:31 pm

Sounds like they never knew about the wood stove, and to prove it call them back and say you changed your mind and you're putting the wood stove back! ;)
michaelanthony
 
Hand Fed Coal Stove: Vigilant 2310, gold marc box, vogelzang pot belly coat rack
Coal Size/Type: Pea, and a little nut
Other Heating: Very cold FHA oil furnace

Re: Insurance Company

PostBy: plumber On: Thu Mar 20, 2014 5:38 pm

Kind of what I'm afraid of, I need to change insurance companies and hopefully they don't have a problem with my boilers.
plumber
 
Stoker Coal Boiler: EFM 350

Visit Lehigh Anthracite

Re: Insurance Company

PostBy: blrman07 On: Thu Mar 20, 2014 5:49 pm

Was that the insurance company or your agent? Big difference. Your agent is not your insurance company.

Rev. Larry
New Beginning Church
Ashland Pa.
blrman07
 
Hand Fed Coal Boiler: Bucket a Day
Hand Fed Coal Stove: installing a VC 2310 this summer
Coal Size/Type: Pea/Nut/Wood in the VC and anything that will fit in the Bucket a Day. It's not fussy.

Re: Insurance Company

PostBy: michaelanthony On: Thu Mar 20, 2014 5:50 pm

[quote="plumber"]Kind of what I'm afraid of, I need to change insurance companies and hopefully they don't have a problem with my boilers.[/quote]

I doubt telling them you have a "Back Up" coal appliance will change anything.
michaelanthony
 
Hand Fed Coal Stove: Vigilant 2310, gold marc box, vogelzang pot belly coat rack
Coal Size/Type: Pea, and a little nut
Other Heating: Very cold FHA oil furnace

Re: Insurance Company

PostBy: Rick 386 On: Thu Mar 20, 2014 6:01 pm

Since you had already told him and the agent knew that you had a woodstove, ask him to show you that part of your policy and read it.


And then ask him for a copy of the new policy addendum that will be dealing with the coal stove. And read that part.


Some policies do not differentiate between what unit you are using for additional heat.



And that ladies and gentlemen is why I cannot stress enough the fact that people need to READ THEIR INSURANCE POLICIES !!!! And I don't care whether it is home, auto, life, whatever. All an insurance policy is, is a contract. They basically state that in the event of a loss, we will pay you $xxx.00 Or if you have a loss, and you did this or that, WE WILL NOT PAY.


A coupe of years ago I had to dig out my policy info to look for that damn number to renew the tags. I started reading the policy and come to find out that my F250 SD diesel was only insured to tow a max of 1500 lbs. I mean really, It doesn't even notice a 1500 lb. load

I had to take out another rider to cover the boat trailer which is rated for 8,000 lbs. Even my agent knew that 1500 lbs was way too light.



And the biggest issue is that most insurance agents don't even know what is in their own damn policies. They were only taught to sell certain policies based upon what the consumer tells them.







Rick
Rick 386
 
Stoker Coal Boiler: AA 260 heating both sides of twin farmhouse
Hot Air Coal Stoker Stove: LL Hyfire II w/ coaltrol in garage
Coal Size/Type: Pea in AA 260, Rice in LL Hyfire II
Other Heating: Gas fired infared at work

Re: Insurance Company

PostBy: coaledsweat On: Thu Mar 20, 2014 6:04 pm

My wife is an agent. She says her company doesn't care about them if the coal/wood appliance is a furnace or boiler as it is conventional heating system. The part they don't like is a stove as they consider that supplemental heating and want the hoop jumping and premiums to reflect that.
coaledsweat
 
Stoker Coal Boiler: Axeman Anderson 260M
Coal Size/Type: Pea

Re: Insurance Company

PostBy: plumber On: Thu Mar 20, 2014 7:35 pm

michaelanthony wrote:
plumber wrote:Kind of what I'm afraid of, I need to change insurance companies and hopefully they don't have a problem with my boilers.


I doubt telling them you have a "Back Up" coal appliance will change anything.


Telling them is one thing, I'm worried about them coming out to do an inspection.
plumber
 
Stoker Coal Boiler: EFM 350

Re: Insurance Company

PostBy: michaelanthony On: Thu Mar 20, 2014 8:27 pm

[quote="plumber"]Telling them is one thing, I'm worried about them coming out to do an inspection.[/quote]

I understand what you're saying, now if there are any safety concerns you should make those corrections regardless. Reread what Rick386 said it makes sense, and don't let them intimidate you remember all they want is your money and all you want is peace of mind.
michaelanthony
 
Hand Fed Coal Stove: Vigilant 2310, gold marc box, vogelzang pot belly coat rack
Coal Size/Type: Pea, and a little nut
Other Heating: Very cold FHA oil furnace

Re: Insurance Company

PostBy: Flyer5 On: Thu Mar 20, 2014 8:54 pm

Try Erie Ins. You are in PA so it should be good. They have been good for other people I have recommended them to.
Flyer5
 
Stoker Coal Boiler: Leisure Line WL110
Hot Air Coal Stoker Stove: Leisure Line Pioneer

Re: Insurance Company

PostBy: Kubota2007 On: Thu Mar 20, 2014 9:05 pm

My Wife and I have been thinking about trying other Insurance Co. We've been with this company for 30yrs, We pay alot of money to them each year , umbrella policy (one millon), cars, tractors,House, Garages,etc. Haven't had a claim in 8 yrs and that claim was under $800. Each year they bust our chops, they last few years I've been fighting with them because they keep lowering the value on our house, I increase it, the next year it's lowered. I call and ask a question about our coverage, no one knows, I always get, we'll get back to you, theyhave never called us back, we have to pester them. I do think it's time to start shopping around.
Kubota2007
 
Hot Air Coal Stoker Stove: Harman Magmun 20yrs old,Harmon Super Mag just installed.
Coal Size/Type: Rice
Other Heating: Electric,

Re: Insurance Company

PostBy: Uglysquirrel On: Thu Mar 20, 2014 9:15 pm

My "agent" for my Insurance Co said all they need is a confirmation that the wood/coal unit had a town approved building permit.. I'm sure that if there was a claim issue , they would want a copy.

There was a good prior comment about asking for their requirement in writing.
Uglysquirrel
 
Stove/Furnace Model: Pocono

Re: Insurance Company

PostBy: Kubota2007 On: Thu Mar 20, 2014 9:28 pm

Permit..... That creates another problem, anytime a permit is given, the assessor shows up shortly after,any home improvements mean taxes are going up next year. Everyone wants your $. I'd never get a permit for interior improvements.
Kubota2007
 
Hot Air Coal Stoker Stove: Harman Magmun 20yrs old,Harmon Super Mag just installed.
Coal Size/Type: Rice
Other Heating: Electric,

Re: Insurance Company

PostBy: blrman07 On: Thu Mar 20, 2014 11:09 pm

I was an engineer and claims adjuster in Chicago for a specialty company that insured boilers, machinery, and electrical equipment. I did this for 27 years. When we would talk about coverage I would ask the person to please get their policy out because I adjusted claims based on the policy in effect and in their hands at the time of the loss. 8 out 10 times they couldn't find it and had no idea what it said because they never ever read it.

This was business insurance not personal or homeowners but the differences are not that great. I would ask them how much a year they were paying for their coverage. I already knew the answer but I wanted to ask them anyway. Most of the time they didn't know and had to ask somebody. They would give me a figure of lets say $3,000 a year. I would ask them if there was anything in their business that they paid $3,000 for and they had no idea where it was, what it said, no idea what it was for, but simply wrote a check every year for it because someone they didn't live with or knew very well told them that they needed it.

Many times agents will tell you something that just isn't true. When they tell you the policy doesn't allow something or won't pay if you do this or that, ask them to give you the chapter and verse IN THE POLICY where it states that. Then get out your copy and read it for yourself. I can't tell you how many times people never turned in a claim because their agent told them it wasn't covered when it was.

Agents get bonuses from insurance companies for keeping a low loss ratio. More claims = more dollars paid by the insurance company = higher loss ratio for the agency = lower or no bonus for the year from the company paid to the agent.

Remember it's your policy that you pay big bucks to have. What else do you have around your home or business that you pay big bucks for and have no idea where it is, what it is, or what it's for but pay for it anyway year after year after year.

Rev. Larry
Equipment Breakdown Insurance Adjuster in a previous life for 27 years.
Now Pastor at New Beginning Church
Ashland, Pa., 17921
blrman07
 
Hand Fed Coal Boiler: Bucket a Day
Hand Fed Coal Stove: installing a VC 2310 this summer
Coal Size/Type: Pea/Nut/Wood in the VC and anything that will fit in the Bucket a Day. It's not fussy.

Re: Insurance Company

PostBy: blrman07 On: Thu Mar 20, 2014 11:11 pm

Uglysquirrel wrote:My "agent" for my Insurance Co said all they need is a confirmation that the wood/coal unit had a town approved building permit.. I'm sure that if there was a claim issue , they would want a copy.

There was a good prior comment about asking for their requirement in writing.


Ask your agent where in the insurance policy does it require you to get a town approved building permit and where does it say that you have to give a copy to the agent? They will stutter and stammer because I am unaware of any insurance policy that requires you to give a copy of anything to your agent.

Rev. Larry
blrman07
 
Hand Fed Coal Boiler: Bucket a Day
Hand Fed Coal Stove: installing a VC 2310 this summer
Coal Size/Type: Pea/Nut/Wood in the VC and anything that will fit in the Bucket a Day. It's not fussy.

Visit Lehigh Anthracite