COMPUTER DOCTOR asked:
i have homeowners insurance of coverage up to $75,000 for a co-op. does this cover my damages and/or people living below me if my fish tank burst accidently?
Tags: Damages, Fish Tank, Homeowners Insurance, Insurance, Insurance Coverage
September 22nd, 2009 |
Tags: Damages, Fish Tank, Homeowners Insurance, Insurance, Insurance Coverage
September 24th, 2009 at 1:38 pm
You would have to read the declarations page. The most used form is HO6. It covers personal property, the improvements you put into the condo and liability insurance. The liability portion would cover you for any claims made by the people below you.
You have to read your policy to know for sure what you have coverage for.
September 26th, 2009 at 8:15 am
Well, you don’t mention what form, or what state. So, I have to guess.
Likely not. That $75,000 is likely for your CONTENTS – your stuff – furniture, clothes, etc.
Likely, you have a small amount of building coverage there, maybe $10,000. And you have liability coverage, if someone sues you (that would be, if you cause damage to someone else through negligence).
A burst fish tank is NOT water escaping from a pipe, most likely the water damage to your stuff, your unit, and the unit below you (it’s not negligence, remember, but a fluke) is NOT going to be covered.
I’d strongly suggest you call your agent and ask, or at least read the policy.
September 26th, 2009 at 7:50 pm
It really depends on how it breaks, what type of policy you have and the insurance company?
Some company’s can even add riders to your policy to cover it.
Call you insurance company or ask your agent!
September 28th, 2009 at 1:29 pm
ON THIS ONE I WOULD SUGGEST THAT YOU CALL YOUR AGENT BECAUSE FROM WHAT YOU HAVE SAID IT SOUNDS TO ME THAT YOU HAVE NO COVERAGE FOR SOMETHING LIKE THIS.