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Hank Oredson wrote: "Ed Price" wrote in message news:Ifpye.27243$ro.18610@fed1read02... "John" wrote in message news:Wkmye.61939$%Z2.8135@lakeread08... If an agent, a representative of an insurance company, sells and the company accepts a property then anything that happens (if fortuitous, or accidental) to that property is covered as long as it falls within the policy language, perils insured against and property covered. The company can't come back AFTER a loss and deny payment because of something not defined in the policy. They can't just make it up after the fact. 73 I'll bet that there's "language in the policy" that is sufficiently vague and flexible such that the company can stretch a loophole for anything that it wants. Maybe I'm too paranoid, but the insurance company expects that an insured property is a normal and typical example of materials and construction, and that due care was applied to the design. Further, the property should be in compliance with local existing building codes and standards. If you wired half your house with lamp cord, never got a permit, and have no record of inspection, do you think the company agent should know this by himself? If the loss is big enough, and especially if there's some unusual circumstances (fire inspector's report, neighbor's claims), then the company's lawyers have plenty of room to work in. You may have the utmost confidence in your own workmanship, but, if the insurance company is trying to avoid a $500k claim, all they have to do is say "no." So then what happens? You take the insurance company to court, and they ask you about your experience in soils engineering, concrete construction, structural engineering, calculation of wind loading, welding certifications, experience with lightning protection, etc. They will cut you up into very small pieces. Everything unusual about your property should be defined, and if your agent is still eager to sell you a policy despite your "creative engineering", then I would start to wonder why the agent is so desperate to sell policies. Um ... let me guess ... you don't carry a general liability rider? Or if you do, you were not careful to read the details? They are not expensive, and will cover anything ... and can even cover intentional neglegence by the owner. Every ham with a tower (or a pool, or horses, or a big dog, or ...) should have one. Yes but you need everything first insurance with one company and then at the maximum but the minimums. You pay dearly for a general liability rider if you take it all into account. Yes you are protected. |
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