Posted: 1/17/2010 8:21:25 AM EDT
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I have done a little shopping around for content insurance for my preps. It seems much of the stuff we prep is considered "consumables" in the eyes of the insurance industry so they won't insure them. My two biggest concerns are food preps and ammo.
Has anyone found a company to underwrite these types of assets? I guess my biggest concern would be fire or theft and be left with no preps in such bad times because I am not financially able to replace them right now. Thanks for any help. |
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I'm not sure they will or not but these guys might be able to help. Historic Firearms
I'm pretty sure they told me the blanket dollar amount policy pretty much included anything I wanted it to including ammo, mags, scopes etc. I may be wrong though. I need to check into that myself. |
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Quoted:
Most homeowners policies allow for "contents" and they figure the amount based on a percentage of the homes value. Most will limit guns, jewelry, precious metals, and coins/cash to a set amount without a separate writer. Is this not the case with yours? Grove I think that is where the "consumables" category comes into play. According to the OP, they don't cover "consumables". Makes me want to call my insurance company in the morning...... |
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I have never heard the term 'consumables' used to exclude something from coverage under the homeowners policy.
Any homeowners policy covers structure items (i.e. your home and things attached to the home or permanently attached to the real property) and contents items (i.e. things you own which are not attached to anything - furniture, clothing, food, etc) If you rent, you can get a 'Renters Policy' which is bascially just the contents portion of the homeowners policy. (which could also cover a shed or tenants improvement) Food preps would come under the contents portion of your policy just as clothes, guns, furniture, etc. It may come as a surprise to some, but storing a years worth of food is not something most people do. So, the problem I forsee is explaining to an adjuster thousands of dollars in food preps, since this is something they normally would not encounter. The best thing to do would be to have photos of your storage, receipts for buckets, mylar, oxygen absorbers, etc. I would think even after a fire, there would be remains of your food preps that you could show an adjuster in addition to the photo's. I think when you are asking questions, the person answering you is confused as most people buy food and eat it, therefore its no longer covered under the policy. The food that would be covered under the policy is the food in the pantry, refrigerator, freezer, etc. The stuff that is in actually on the premises at the time of the loss. |
| I spoke with my renters insurance company yesterday about this. USAA told me that they cover $500 (no deductible) from loss of food in a fridge or freezer. That was the only specific thing in the policy regarding food. I quickly explained long term food storage to him and he did some checking. He said that it would be covered, just make sure to document it. |