Posts from July 2011

Funny Insurance Claims

This is a collection of actual statements from insurance claim forms submitted to various insurance companies. I can proudly say none of the these statements were from our customers. Well they could be, but I wouldn’t know it. So I am going with they are not from our customers. Enjoy…

  • “The indirect cause of the accident was a little guy in a small car with a big mouth.”
  • “The guy was all over the road. I had to swerve a number of times before I hit him.”
  • “The car in front hit the pedestrian but he got up so I hit him again.”
  • “I knew the dog was possessive about the car, but I would not have asked her to drive if I had thought there was any risk.”
  • “The pedestrian ran for the pavement, but I got him.”
  • “I saw a slow moving, sad faced old gentleman as he bounced off the roof of my car.”

Power surge, covered on your home insurance?

With the sweltering temperatures we have been experiencing this summer usually not far behind are thunder and lightning storms. I usually try not to get too technical on this blog, but sometimes I think it is warranted. So off we go…

There are several versions of the home-owner’s insurance policy, but for this discussion I will focus on the ISO 2000 HO-3 version. Lightning damage to your home or your personal property is covered on your home-owner’s insurance policy. Problems arise when there is a “artificially generated electric current”. To you and I that is fancy talk for a power surge.  There is an exclusion in the policy that reads in part “…electronic components or circuitry that are part of appliances, fixtures, computers, home entertainment units or other types of electronic apparatus.” In today’s “high tech” homes a good amount of personal property contains these excluded items and costs for damage could add up quickly. Keep in mind too, this limitation of coverage applies to personal property only and not to building property. Thus, items such as a built-in range, central air conditioning system, or home alarm system would not be subject to the limitation and would be covered for “power surge” claims.

So what can you do to fix this problem? Glad you asked. You can choose the HO-5 form which basically changes your policy to an open perils policy. This means the policy does not list the perils your home and personal property are covered for; rather it lists your home and personal property does notcover. This is the most extensive coverage offered for home insurance. The premium is typically 10% of the base premium – an excellent deal no doubt.

If your homeowner’s insurance policy is written on the 1991 version then you can add coverage simply by requesting the HO 00 15 (Special Personal Property Coverage) endorsement.

If you have any questions regarding power surges or what is covered on your policy feel free to call our offices at 781-293-5500 (Pembroke), 508-747-0030 (Plymouth), 508-428-6919 (Osterville).

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages available to you. Always consult your policy for actual coverages and exclusions.

The accident was their fault so why can’t I get a rental car?

This can be a common, frustrating experience. You were involved in an accident that you know was not your fault so why is the other party’s insurance company not willing to pay for your rental? The answer to this question is usually that they have not made contact with their insured to get their version of the accident. You would be surprised sometimes how long people will wait to report a claim, especially if they are at fault. 

At Hannon-Ryan, we will contact the other insurance company as a service to our customers to get the claim moving along. It can be intimidating for most people to deal with an insurance company directly. 

Of course you can avoid this whole issue if you have rental reimbursement on your own auto policy. If you are a member of AAA and your policy is insured through Commerce Insurance your rental coverage automatically bumps up from $15 to $30 a day. First you have to purchase the $15 a day coverage though. As always call our office for additional information. 

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages available to you. Always consult your policy for actual coverages and exclusions.