Okay... I will admit to absolute ignorance here - does anyone have any thoughts on the viability of a bunch of... ahem... cigars being listed with the insurance co. on my policy? When I begin to estimate the value of the aforementioned... ahem... cigars and it exceeds, in multiples, the value of many items I have currently listed in my policy. Even if it's something that is done, I am a bit uneasy about pictures, etc. As always, I appreciate your insight - thanks guys (and girls, however unlikely).
Insurance
- Thread starter acaffey
- Start date
architeuthis
I see what you're doing!!
So that tired old myth is still alive and well in Cheese Country, eh? <G>
1) You have to prove the value of the food and what it was
2) If it was food illegaly imported, say African Elephant steaks, that little fine print in your policy kicks in and you get nada.
Think about it. The goal of an insurance company is to make money, not to pay you. The longer tey can stall or any way they can find to not pay you is in their best interest.
I understand you have to prove value and that an insurance company won't just hand over a check based on hearsay. I was merely making a point that items that are destined to be destroyed can still be covered by an insurance policy.
Now, would I recommend you go ask for a policy for your illegal cigars? Only if you want to end up on one of those stupid criminal shows in the future.
In other news, a fire consumed a house today in Georgia, ruining everything inside. There will be an investigation to make sure the fire wasn't intentional.
Then a week later:
In a strange turn of events, the house fire we reported on last week was deemed accidental, despite that, the homeowner is in a lot of trouble. Yesterday he filed a claim with his insurance company for $15,000 worth of illegal cuban cigars, authorities are looking into this matter and charges are expected to be filed.
Irritech
Punch Super
As soon as I read the 1st post I got a number in my head. It was the number 8 and I was off by 3, because it took only 5 posts till the story above was mentioned...LOL :innocent:
I don't think anyone would ask for a policy listing "illegal cigars", however I expect that people have collections of things, including consumables, insured all of the time. Wine collections, for example. I was just polling the group to see if anyone happened to carry a policy on their cigars and what level of detail is required to manage evidence of their existence.
I think I have my answer in regard to things that shouldn't be listed anywhere (or photgraphed for that matter), but I will call my insurance company about the rest of them just because I am curious. Thanks everyone.
I think I have my answer in regard to things that shouldn't be listed anywhere (or photgraphed for that matter), but I will call my insurance company about the rest of them just because I am curious. Thanks everyone.
they couldnt change the premiums on a Life policy after the 2 year contestability clause is over.. even if they find out that you have brain cancer.. there is nothing that they can do at that point.. and health insurance, eh depends on the company..
You can list your NC's under your policy, but if you were trying to insure the other sticks you would not be able to collect. Showing proof of purchase and value would just incriminate yourself. You can self insure a large amount of them through various means but that is not advisable unless you have hundreds of thousands of dollars in sticks.. which ya dont..
You can list your NC's under your policy, but if you were trying to insure the other sticks you would not be able to collect. Showing proof of purchase and value would just incriminate yourself. You can self insure a large amount of them through various means but that is not advisable unless you have hundreds of thousands of dollars in sticks.. which ya dont..
there's your answer ^
yeah, i was thinking about this yesterday too, i just submitted my application for an apartment and they've had several fires in the last few weeks. the first ones were electrical that they took care of and inspected all the units, and the last few were copycat arsons, anyways i'll be getting renter's insurance. I was thinking about listing all my cigars and was wondering what i would do if i had a significant collection of cc's, but then realized it didn't matter cause i didn't have any.
yeah, i was thinking about this yesterday too, i just submitted my application for an apartment and they've had several fires in the last few weeks. the first ones were electrical that they took care of and inspected all the units, and the last few were copycat arsons, anyways i'll be getting renter's insurance. I was thinking about listing all my cigars and was wondering what i would do if i had a significant collection of cc's, but then realized it didn't matter cause i didn't have any.
It would not matter either way.. in your policy for renters you would not list your personal belongings, you set up with say a 50,000 limit.. they cover up to that amount, the only time that you would list something is if you wanted a rider or additional coverage for something known that will require an appraisal..