FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018. By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
It has been interesting. The fire wiped out a number of people in our bay alone and we have not all had similar experiences with insurance claims.
My one insured street car stored there was of course covered though establishing its value ultimately came down to hiring an independent appraiser...
Regarding the fire, the cause is known, careless acts on the part of a person doing some welding in another bay. Unfortunately he was not insured and most of what assets has were lost. Total damages to the warehouse and businesses in other bay is many millions so it’s not as if I was ever...
Ahhhh... as the facts are revealed they cut both ways. I missed the key words in the definition section where it stated that the exceptions for what is a motor vehicle were only a liability issue. But similarly, because I hadn’t seen a distinction in the use of “insured location” I was...
Jack, I eagerly await any additional thoughts you may have, particularly regarding my concern for the word “occasionally”. Are you aware of precedence, legal or common practice, to suggest that continuous occupation of the space is not a problem? My landlord might be willing to say I paid rent...
The loss in question took place in a large multi-purpose warehouse. The building is divided into “bays” of roughly 20,000 square ft each. I and a number of friends occupied one of those spaces as renters from the actual lessee. Some used it primarily as storage but for many including myself...
Thanks Jack.
My original focus was on 10.h as you pointed out but I kept tripping over “occasionally” and that is not a defined word, leaving it to common usage which may not favor me. So I started leaning more on 10.c and wondering why it even exists if not for something analogous to this...
You are absolutely correct and that is entirely on me. Arguably, if my assertion holds then in fact I am covered without needlessly throwing away money on duplicate coverage. For example, a storage locker is covered up to the 10% rule yet some people don’t know that. But yes, at an absolute...
I see you have now edited this but I had already quoted the original. But to your statement “You skipped telling us where until late in the thread.” go back and read my (unedited) first few lines of the original post. I was quite clear in leading with the fact that it is an ho-3 policy.
I’ve done all of that. My agent despite 30+ years in the business doesn’t discuss such details, that’s for the claims side. He simply suggests filing the loss to see what happens. I prefer to be prepared, particularly having now learned what others were told by their agents and blindly...
Snippy? So far that seems to describe only you. I’m trying my best to be clear, concise, factual, nothing more. I’m not asking anyone to do legal research. I was merely hoping to attract someone with relevant direct knowledge and experience who would take a moment to share that. Why else...
Why the attitude? I have a layman’s logical interpretation following a lot of reading and thought. What I’m looking for now is an expert opinion and hopefully reference to legal precedent.
As stated in my original post, this is a typical ho-3 policy and the language in question in standard/mandated. See above where I followed up with 10 a-c. What exactly is the purpose of this required language (designed to protect the consumer)? Straight to the point, what scenario does it...
It is owned by a family-owned corporate entity, no relation to me. It is insured for the real property value but not contents, which are the responsibility of the tenant. There is a case to be made against the owner in that by all indications the sprinkler system failed even to activate, but...
One approach is to read 10 a-c then ask why exactly c was mandated. What scenario necessitates/justifies the wording in c yet does not extend to my situation? Note that both b and c clearly indicate that other premises can in fact be covered without having been explicitly added to the policy...
No, in fact, it is not, which is why the language in question is mandated by law in such policies. And in the case of the liability aspect of such a policy there is significant legal precedent that coverage extends to remote places perfectly analogous to this. Unfortunately people are...
Perhaps in advance, and then getting it in writing, but after the fact when making a claim that’s just a little too trusting. Example: They (agents) have without exception told all involved that no automobile is covered, period, end of story. Yet the fine print states unambiguously otherwise...
I’m in Missouri if it matters.
This is about personal property loss due to fire. With an ho-3 insurance policy, does “insured location” include a rented building at a separate address used for a hobby?
Specifically, the insured homeowner has no basement and minimal garage so rented warehouse...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.