Insuring your rig...

[WrongWay 0]

Who is good to go through, and how do you go about doing it?

Wrong Way
D #27371 Mal Manera Rodriguez Cajun Chicken Ø Hellfish #451
The wiser wolf prevails.

[GravityGirl 0]

Homeowners Insurance or Renters Insurance. Make sure you have it written into the policy.

~~~~~~~~~~~~~~~~~
Peace and Blue Skies!
Bonnie ==>Gravity Gear!

[RippedCord 0]

Homeowners or renters insurance. You don't need to have it written into the policy as all your possessions are insured for the named perils anywhere in the world up to the stated limits in the policy; your rig will fall well within those limits. However, with large ticket items, it is always good to have receipts and/or video of your posessions to make the claims process go more smoothly should you need to file a claim.

Generally, when you are filling out the application, it asks if you own any especially valuable items and what they're worth--but this language isn't binding.

AMDG

[sunshine 2]

State Farm offers insurance under "personal articles." Worth looking in to. Not very expensive either.

___________________________________________
meow

I get a Mike hug! I get a Mike hug!

[Nightingale 0]

remember, insurance companies usually won't cover canopies lost via cutaway. if its stolen, they cover it. if you "throw it away" from their perspective, it usually isn't covered.

.....do with that info what you will....

[Quincy 0]

Be prepared to give them serial numbers. If you bought it thru a dealer, a bill of sale to give some 'verification' of the value/cost. Nationwide was very easy to work with.

Quincy

[slug 1]

The insurance companies are real nice folks and as long as you pay your premiums they will provide you with great customer service.

However BEWARE if your a DZ employee and use your rig for work the insurance company may not be able to pay your claim because it's a item you use for work.

Found out the hard way when the wifes carpentry tools were stolen and the insurance company noticed her occupation was carpenter.

This can be avoided by adding a rider to your policy or being a plain jane/jim skydiver. Talk to your agent to get it clarified if your concerned. The cost of the rider may be minimal.

R.I.P.

R.I.P.

[WrongWay 0]

Quote

The insurance companies are real nice folks and as long as you pay your premiums they will provide you with great customer service.

However BEWARE if your a DZ employee and use your rig for work the insurance company may not be able to pay your claim because it's a item you use for work.

Found out the hard way when the wifes carpentry tools were stolen and the insurance company noticed her occupation was carpenter.

This can be avoided by adding a rider to your policy or being a plain jane/jim skydiver. Talk to your agent to get it clarified if your concerned. The cost of the rider may be minimal.

R.I.P.

R.I.P.

Man that really SUCKS....

Lucky for me (in this case) I'm not a DZ employee, just a Joe Shmo jumper.

Thanks everybody for your input, I'll check it out asap.

Wrong Way
D #27371 Mal Manera Rodriguez Cajun Chicken Ø Hellfish #451
The wiser wolf prevails.

[FrogNog 1]

Quote

remember, insurance companies usually won't cover canopies lost via cutaway. if its stolen, they cover it. if you "throw it away" from their perspective, it usually isn't covered.

.....do with that info what you will....

I plan to talk to my insurance agent and, if this argument of theirs comes up, offer a different perspective: main canopy cutaway due to life-threatening emergency.

-=-=-=-=-
Pull.

[kelel01 1]

Just make sure you have your life insurance coverage with them as well . . . This could be your argument: "Hmmmm, a $100,000 life claim, or a $1500 property claim? Which would you rather pay?"

Kelly

[slug 1]

Quote

Quote

remember, insurance companies usually won't cover canopies lost via cutaway. if its stolen, they cover it. if you "throw it away" from their perspective, it usually isn't covered.

.....do with that info what you will....

I plan to talk to my insurance agent and, if this argument of theirs comes up, offer a different perspective: main canopy cutaway due to life-threatening emergency.

IMO the less said to the insurance co is better. Do not lie to your insurance company this is fraud. However as we found out with President Clinton the proper use of the english language is a powerful tool (That wasn't sex).

Why can't you find your canopy? How do you know it wasn't stolen by a nylon freek after the cutaway? "someone stole my canopy" Where was it? on the DZ or next to the DZ etc If the insurance compaany asks more specific questions don't lie answer them with the proper use of the english language.

IMO the insurance company may decide your inabilty to find your canopy "due to a life threatening emergency" is not covered by your policy. Read the fine print! and write down what you want to tell them before you call your agent to report the theft if thats what may have happened.

Of course if you recover your main at a later date either cancel your claim if soon enough or give them the recoverd canopy.

R.I.P.

[falxori 0]

Quote

However as we found out with President Clinton the proper use of the english language is a powerful tool (That wasn't sex).

i guess that depends on who you ask, i'm sure you'd think of it as sex when you were 16 or so

we have an insurance agent that jumps at my DZ, and he's made up a special gear policy.
it covers everything (cutaway, damage, theft...) as long as you didnt simply put it somewhere and someone picked it up.
i think its about 100$ per year, but i'm not sure...

O

"Carpe diem, quam minimum credula postero."

[Jumpmunki 0]

falxori,

do you have any more info you could get for me?

[falxori 0]

what would you like to know?

as i said, he's a skydiver who is also an insurance agent.
seeing that there is a market, they came up with a gear policy, and another, extended health policy which coers all the things normal policies avoid (flying for example)

the gear policy itself is pretty simple, the whole rig is insured and it covers theft (as long as it was locked somewhere), damage, loss and so on.

what else would you like to know?

O

"Carpe diem, quam minimum credula postero."

[Jumpmunki 0]

a contact name and number would be nice. does he cover brits going to america etc?

[falxori 0]

considering the fact that its an israeli insurance company, i doubt they'll have a plan for a british dude going to the US, its just not their "playground"

but i'll try to find out, who knows, maybe we could start a new business

arent there any other insurance policies out there?
i mean, there are a lot of rigs in the world...

O

"Carpe diem, quam minimum credula postero."

[dayle 0]

IT'S ALL IN THE WORDING OF AN INSURANCE POLICY.

I saw the other insurance thread first, so look there for two really important items, too long to repost here.

But your cutaway example I have thought about and here is your answer.

Sports equipment that breaks/damaged as a result of its use (eg skies breaking because you hit a tree) is not covered. Trust me it's an exclusion in ALL your policies.

But, and here's the arguement cutting away a parachute is a normal process.

Your only problem is you lost the parachute. You couldn't find it when you went to pick it up.

They may not like it but they'll pay. Same as if you lost your baggage on an airline.

You generally have to purchase coverage in the country that you live, however coverage with any reputable company is generally world wide, or at least a percentage of your total policy is world wide coverage.

But make sure to see the other post for the reason you shouldn't necesarily discuss this with your agent.

Dayle