07-21-2006, 12:04 PM
Good thoughts to share there with others, Cathy! Clarify what is and what is not covered.
I would add to that, having been a property/casualty insurance agent before, that what is written in their policy is what is covered, then read what is excluded too. It can be confusing reading them, with riders or attachments to them sometimes.
Here is a website that explains it a bit, to help understand how they work.
http://info.insure.com/home/exclusions.html
Also if they say it is covered, if unsure, ask to be shown where in the policy that is.
I found that many folks just did not understand what coverages/exclusions they had on their insurance policies, so I would explain it to them in easy to understand terms. It is a good idea to just review it with your agent too, since situatiosn change.
If you did have a Lava flow approaching your house, in Hawaii, it usually is slow moving over ground, maybe you could move your house to some other existing property, as was the case with some who a rich philanthropist gave some lots to those who lost theirs in the 80's when the lava flowed quite heavily through Royal Gardens. You still own your lot, you may just not be able to live on it ever again. The other thing is if you are of sound mind at a point like that and there is a clear easy way out of your subdivision and so you are there till the last moment or with a telephoto lens, can take a clear picture of your house showing that the fire starts burning before the lava hits, that might hold up in court if it would prove that it was fire from burning vegetation. So be sure and get a good shot! Kinda like weather chasers.... Hey if this is all you got to go on, might as well try it. Look first at helicopters views of the place to know you are safe or something!!
What would it be like if the lava split and went around on either side of your house and now you were an island unto your own, living out there by yourself?
Someone has a BnB out there like that. Wild way to live!
PS to what you had said, Paula <Of course we are not anticipating any such problems....>
As matter of interest, No one ever does, (Maybe)...unless it could be one of those intentional cases of fraud, (like arson) burning your own house/car or something like that. Believe me, I have even had people confess things like that with me to file a claim against the company. Or Offering me part of the $$ Take! I guess they were so excited by what they would profit from it, either that or just real stupid. I vote for the latter one.
<but it looks like the Lloyd's policies are the ones that cover such a loss.> Policies are different too, can be if you do not live in the dwelling but are renting it out, so don't assume anything until you check it out for yourself, through your agent or your policy. Just be on the safe side!
Have a good one!
Lucy
Having another Great day in Paradise, Wherever that Maybe!
http://groups.yahoo.com/group/TheLanai
I would add to that, having been a property/casualty insurance agent before, that what is written in their policy is what is covered, then read what is excluded too. It can be confusing reading them, with riders or attachments to them sometimes.
Here is a website that explains it a bit, to help understand how they work.
http://info.insure.com/home/exclusions.html
Also if they say it is covered, if unsure, ask to be shown where in the policy that is.
I found that many folks just did not understand what coverages/exclusions they had on their insurance policies, so I would explain it to them in easy to understand terms. It is a good idea to just review it with your agent too, since situatiosn change.
If you did have a Lava flow approaching your house, in Hawaii, it usually is slow moving over ground, maybe you could move your house to some other existing property, as was the case with some who a rich philanthropist gave some lots to those who lost theirs in the 80's when the lava flowed quite heavily through Royal Gardens. You still own your lot, you may just not be able to live on it ever again. The other thing is if you are of sound mind at a point like that and there is a clear easy way out of your subdivision and so you are there till the last moment or with a telephoto lens, can take a clear picture of your house showing that the fire starts burning before the lava hits, that might hold up in court if it would prove that it was fire from burning vegetation. So be sure and get a good shot! Kinda like weather chasers.... Hey if this is all you got to go on, might as well try it. Look first at helicopters views of the place to know you are safe or something!!
What would it be like if the lava split and went around on either side of your house and now you were an island unto your own, living out there by yourself?
Someone has a BnB out there like that. Wild way to live!
PS to what you had said, Paula <Of course we are not anticipating any such problems....>
As matter of interest, No one ever does, (Maybe)...unless it could be one of those intentional cases of fraud, (like arson) burning your own house/car or something like that. Believe me, I have even had people confess things like that with me to file a claim against the company. Or Offering me part of the $$ Take! I guess they were so excited by what they would profit from it, either that or just real stupid. I vote for the latter one.
<but it looks like the Lloyd's policies are the ones that cover such a loss.> Policies are different too, can be if you do not live in the dwelling but are renting it out, so don't assume anything until you check it out for yourself, through your agent or your policy. Just be on the safe side!
Have a good one!
Lucy
Having another Great day in Paradise, Wherever that Maybe!
http://groups.yahoo.com/group/TheLanai
Lucy
Having another Great day in Paradise, Wherever that Maybe!
Having another Great day in Paradise, Wherever that Maybe!