Quote:
Originally Posted by sphelps
Worth double checking if this is important to you but my understanding of what you're referring to falls under different context. For example, if your tank crashes and you loose all your livestock you're insurance company won't cover it. Same if your dog dies, they won't give you $5K for a new dog. In event of something more catastrophic they're simply limiting their liability to that category to $5K. So if your house burns down you can qualify for a maximum of $5K to cover everything (equipment & livestock) relating to the aquarium and other pets and related accessories. I have something similar in my policy and that's how it was explained to me. Any items over the generic amounts listed in the policy will require separate policies for full coverage but according to my broker there's no separate (home insurance) policy available to cover livestock in the context of an aquarium.
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Yes, that's it. It wouldn't help in OP's case.
You can purchase separate insurance that will cover livestock separately if you'd like. Such as a farmer insuring his cattle, same with a person insuring their fish. When I had the hatchery running I had them insured for I think it was $8,000. That was insurance that I could claim at any time, just needed dead bodies.