The Hartford concurs with AIG. High value items should be scheduled separatly and photographed. Keep the photographs in a bank vault or other remote location in case of loss by fire, windsotrm or earthquake. I would also suggest that you meet with or phone your agent to clarify and confirm your understanding of the coverages, any policy exclusions, and deductables or policy aggregate limits.
Mike Schmidt
The Hartford
Loss Control Account Manager
National Accounts
New York, NY
=> From: Mercurys43@aol.com => Date: Mon, 5 Apr 2004 07:15:22 EDT
Listers and Listees,
Just so everyone is clear, Zurich or some other Zoot firm (AIG, Zurich etc.) usually do not sell insurance directly to the consumer. These companies are known as carriers and typically deal with business customers. All policies that are issued by these companies go through insurance brokers, who work for the insured party to find the best coverage and best pricing structure on premium, deductibles, etc. The broker takes a commission from the premium, typically 5 to 15%. My recommendation on bike insurance would be to add an endorsement on to your homeowners policy and pay the extra premium. At least check and see if they will consider it.
Next week's topic: Product liability coverage for bike builders
David A. Allen, P.G. AIG Consultants Atlanta, Georgia near the Big Chicken
--- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html ---