Insurance on your investment

reefgirl189 · #1 12-21-2011, 03:21 AM

How many of you have your aquarium in your insurance policy? This may not matter so much to those of you with nano setups, but could you imagine 50+ gallons of water on your floor in a worst case scenario?

Have you thought about what you would do in a situation where your aquarium gave out? Are you protected financially? What precautions have you taken to prevent a blow out that perhaps others like me could benefit from hearing?

Disclaimer: I'm not an insurance salesman.

Nano · #2 12-21-2011, 03:25 AM

Quote:

Originally Posted by reefgirl189

How many of you have your aquarium in your insurance policy? This may not matter so much to those of you with nano setups, but could you imagine 50+ gallons of water on your floor in a worst case scenario?

Have you thought about what you would do in a situation where your aquarium gave out? Are you protected financially? What precautions have you taken to prevent a blow out that perhaps others like me could benefit from hearing?

Disclaimer: I'm not an insurance salesman.

I do it was part of my tenancy, that I had to buy insurance, its actually fairly cheap and you can cover everything, better to be safe the sorry! Especially since I have 100 gallon aquarium, and am getting a 40, with a sump, lol thats a lot of water in an apartment, luckily I'm in a cemented building!

Casey8 · #3 12-21-2011, 03:29 AM

Oh yes ... a must have before I got started in this hobby.

Coralgurl · #4 12-21-2011, 04:17 AM

I never even thought of this! I'm calling my insurance company tomorrow, considering I flooded my kitchen last week filling water bottles and forgot about them....I've asked Santa for an ATO...Thanks for bringing this up!

Aquattro · #5 12-21-2011, 04:19 AM

Quote:

Originally Posted by Coralgurl

considering I flooded my kitchen last week filling water bottles and forgot about them..

that's a rite of passage in this hobby

Coralgurl · #6 12-21-2011, 04:24 AM

How many rites does one get??? I think I'm wearing out forgiveness with this hobby...lol, good way to get new stuff I guess.

Nano · #7 12-21-2011, 04:29 AM

haha me too, I dumped 5 gallons of water on the floor in the summer.. all the towels couldnt clean it up! thankfully, nothing got damaged

Snappy · #8 12-21-2011, 04:56 AM

Losing the water is a hassle but having the ability to make up a lot of H2O in a hurry is also insurance in itself. I had approx 120 gallons empty onto the floor one time which is another reason why I like having a 300 gal per day RO unit. I had the water I needed to top up the tank in a matter of a few hours. I also recommend maintaining a large reservoir of fresh RO water.

Rice Reef · #9 12-21-2011, 05:03 AM

When I purchase my insurance I always update my broker of my tank and equipments. My broker told me that livestocks are not covered however Water damage, the tank and equipments are. I was told to make a list and to include photos and if possible, manuals and receipts. It helps when my broker used to have a tank himself.

Funky_Fish14 · #10 12-21-2011, 06:07 AM

Quote:

Originally Posted by Snappy

.... having the ability to make up a lot of H2O in a hurry is also insurance in itself...... I also recommend maintaining a large reservoir of fresh RO water.

I agree with this. I have space to store 100 gals... Have a 200gpd R/O unit.

I do not have insurance on my tank or in home for my tank... However my tanks are in a room with concrete floor and the equipment that would be lost if something blew is minimal. Typical deductible would not cover it... and a drain floor drain is not too far, so minimal house damage would be incurred.