Who's insurance company covers water damage?

Discussion in 'Reef Aquarium Discussion' started by Bmwm235i, Dec 20, 2016.

  1. Bmwm235i

    Bmwm235i Valuable Member Build Thread Contributor Article Contributor

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    So with my recent upgraded system, it got me thinking what if.

    Most of us have seen the threads about tank failure and the disaster from the aftermath.

    I called my insurance company (travelers) and they do not cover water damage from an aquarium failure. They also do not offer any coverage I can pay for to cover the damage the water would cause.

    Does anyone know if their insurance company does cover it? Of if you have had a tank failure and your insurance company did cover it, who are they?
     
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  2. DaveRaz

    DaveRaz Active Member

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    my insurance does although I pray I never need it!
     
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  3. biomek

    biomek Member

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    depends on the insurance company and the individual level of coverage, not to mention the specific adjuster if a claim is made.
     
  4. scobeyra

    scobeyra Active Member Reef Tank 365 Build Thread Contributor

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    Mine didn't offer a policy that specifically covers water damage but after pushing them to cover my tank, they suggested adding a liability policy to my renters (couple bucks a month). This covers any damage or injuries caused by accident or negligence on my part, including water damage. I have usaa but I imagine they'd all work the same.
     
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  5. Bmwm235i

    Bmwm235i Valuable Member Build Thread Contributor Article Contributor

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    Who's your insurance company?
     
  6. Bmwm235i

    Bmwm235i Valuable Member Build Thread Contributor Article Contributor

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    Yea travelers said any damage caused by the water from the tank would not be covered. And there was no coverage I could get extra to cover it. They would however cover the cost of the tank and equipment.
     
  7. mrsaltwaterguy

    mrsaltwaterguy Active Member

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    I have renters through American Family and had my aquarium added to the policy.
     
  8. NeuroticAquatics

    NeuroticAquatics Valuable Member

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    I have State Farm. When we got our 240g, we added a renter's policy to our automobile policies for the specific reason that I was worried about something happening with all that water. They assured me that water damage due to a tank leak, etc would be covered. My premium actually went down a couple bucks a month too. Makes no sense to me that adding more coverage lowers payments, but I'm okay with it.
     
  9. tankstudy

    tankstudy Valuable Member

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    My overall dropped because I was bundled. Car insurance and renters. I'm also State Farm.
     
  10. Bmwm235i

    Bmwm235i Valuable Member Build Thread Contributor Article Contributor

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    Guess I'll be checking our State Farm...

    Who else knows their insurance company covers their tanks water damage?
     
  11. NeuroticAquatics

    NeuroticAquatics Valuable Member

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    Yeah...they bundled mine too. I just don't get how adding something (a home) makes the rate go down. They are now insuring something that is 6x more valuable than our vehicles and charging me $25 less annually. Weird math, but I'm good with it.
     
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  12. mrsaltwaterguy

    mrsaltwaterguy Active Member

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    American Family, I called a local branch and they were much more willing to find a policy that works than most of the phone agents (think progressive, geico etc.)
     
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  13. tankstudy

    tankstudy Valuable Member

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    I know, I said the exact same thing. lol.
     
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  14. justingraham

    justingraham Valuable Member R2R Supporter R2R Excellence Award Partner Member 2019 Build Thread Contributor NJRC Member

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    Well thank you for this thread
    I didn't even think about insurance but I'm calling now
     
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  15. Syntax1235

    Syntax1235 Well-Known Member R2R Supporter R2R Secret Santa

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    Horace Mann covers mine. I was adding an umbrella policy and the agent saw the tank and didn't think it was covered. He took pictures and checked with the powers that be.... it's covered without any additional cost.
     
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  16. Mike_J

    Mike_J Valuable Member R2R Supporter CTARS Member

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    I made sure to contact my insurance company with my upgrade to a 126g and sure enough, coverage from water damage is inclusive of the saltwater tank. Phew. :)
     
  17. Bmwm235i

    Bmwm235i Valuable Member Build Thread Contributor Article Contributor

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    Company?
     
  18. Mike_J

    Mike_J Valuable Member R2R Supporter CTARS Member

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    The Hartford
     
  19. Kungpaoshizi

    Kungpaoshizi Valuable Member

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    Anyone who think their insurance covers it, please share your company name, but do this first.

    Call them, and ask them these questions:
    If my aquarium breaks, is any water damage covered resulting from the broken aquarium? If water damage is covered, what kind of water?

    Most agents will sucker you by saying, 'yes water damage is covered!' but what they mean is, 'water damage from floods, or rainfall that happens to get into the house'.
    The water from your tank is waste-water, and not 'natural'. Which I've yet to see any company cover.

    The only way you'll be covered, despite companies saying no, is personal liability.
    So if/when it happens, you'll need to be the reason for the misfortune.
    "I broke my tank", "I forgot to turn off the hose filling the tank", stuff like that.

    Of course just because they put 2 sentences directly next to each other, doesn't mean they're lying. It means you didn't read the policy.
     
  20. DaveRaz

    DaveRaz Active Member

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    State Farm
     
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