greg_mitch
Joined: 03 May 2006
Posts: 5320
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| Posted: Fri Apr 18, 2008 1:01 pm Post subject: |
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| ecrabb wrote: | OK, follow-up guys. Here's what my agent wrote back to me with today:
| Quote: | | There is a limitation on electronics for power surge - $1200 per item for loss by sudden and accidental damage from artificially generated electrical currents. The limitation is for power surge only, otherwise they are covered for replacement cost under the contents coverage for named perils e.g. fire, lightning, wind, theft, etc. I would suggest that the expensive electronics all have a power surge protector. |
So, by exempting "artificially generated electrical currents", I assume they're covering their ass so every time something fails in the house, you're not running to them saying it was a power surge (which would be REALLY difficult to prove one way or the other.) Obviously, in the case of a direct or nearby lighting strike or something of the sort, there would be a record of the weather, and would likely be other nearby losses. I imagine the "artificial surge" exemption is probably pretty standard in the industry.
FYI, my carrier is American Family Insurance. We've had a few claims and they were also excellent. We had a storm, and the adjustor was very thorough, got on the roof, looked at things I didn't even think of or ask him to look at.
SC |
Ok, so yours is about what I have, except my limit is $1000. Mine has the same verbiage.
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