Insurance on your investment

[Funky_Fish14]

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.

[lastlight]

what's a floor drain?

[monocus]

my tanks are in the basement,which has a 3" subfloor.usualy have 170 gal of mixed water on hand and 10-20 gal of r/o water.my tanks sit on a marble floor ,so it is easy to clean up,and since i have dealt with fire and flood restorations in some of my jobs,i'm faster,cheaper,and do a better job on any damage caused by any accident

[RyanJ]

Yeah, it's a good thing to have everything covered! Just incase! I talked with my broker and I have everything covered up to $100,000, that includes flood damage, theft and whatever elce... Except they do not cover missile attacks.. Or a melisha attack.. But if my tank breaks and takes out everything... They will replace it.. Except large livestock.. No one I have talked to will... But I hear there is a way! You can insure anything!!! For..600 a year.. It's well worth it! And ever better, if someone comes and robs your house.. They will cover that.. So there is wayyy more then one reason to get ur stuff insured!.. Funny thing is that I asked her if my in sump skimmer would be covered if it got flooded and she said yeah.. I had to laugh abit..

[Coralgurl]

I just spoke with my broker and everything is covered if my tank lets go, including equipment, don't need special coverage. The tank is not covered, just any water damage caused as a result of tank failure, this is all covered under my homeowners policy - I have full replacement value type coverage. I keep all my receipts in the stand, think I may move them...do you all have additional coverage or just what is carried in your homeowners policy? My broker used to have tanks years and years ago, so he understands the concern, but he confirmed that I had nothing to worry about.

[Brightwhite]

Great thread Idea! Ill be calling my insurance company asap to find out more info.

[reefgirl189]

Ohhh floor drain, that is a good idea. I wonder if insurance would give discounts for that.

I'm going to mention it to the other half. Which the basement is unfinished it should be easy to put one it. It would be difficult to create the slope the floor needs for the drain but having one in the event of a 180 gal blow out would be worth it.

On another note I was a dummy and forgot to shut off the valve to the RO and I got a nice puddle of RO all over my concrete floor. The RO and all equipment is in the utility room which has a drain but turns out my builder doesn't know how to properly slope the concrete to the drain and it leaked out of the furnace room. Think I should bother mentioning this to him?

[Aquattro]

Originally Posted by lastlight

what's a floor drain?

In my house we call it carpet...