Insurance Pictures

[JustBassinThru]

Anyone else killing time in the off-season taking pics for insurance and thinking "d**n boy...you got problems!" Or "I hope my wife never has to see these!" ???

[FishinBuck07]

No but I did think that today when the mailman brought a big ol bag of DT cranks!  Lol

[jbsoonerfan]

From what I understand, pictures are no good if you don't show them to your adjuster ahead of time to get an estimate on the value so they could adjust your premium to cover said belongings. Pics are no good after the fact once your policy is set in stone. At least that's what I was told. 

[MN Fisher]

4 minutes ago, jbsoonerfan said:

From what I understand, pictures are no good if you don't show them to your adjuster ahead of time to get an estimate on the value so they could adjust your premium to cover said belongings. Pics are no good after the fact once your policy is set in stone. At least that's what I was told. 

If you were told that by your insurance broker...get a different broker or agency.

 

My policy covers "all personal property within the house" - no added premium, no need to show documentation before-hand...long as we have pictures and an itemized list when the adjuster comes, I'm good.

 

That's another reason I track all my fishing gear in Excel. We've got other files for things like furniture, art, books, etc, with pictures of the major stuff - like the wife's Lladro Statues. We copy the files to a Cloud Account so we can access from anywhere.

[jbsoonerfan]

12 minutes ago, MN Fisher said:

If you were told that by your insurance broker...get a different broker or agency.

 

My policy covers "all personal property within the house" - no added premium, no need to show documentation before-hand...long as we have pictures and an itemized list when the adjuster comes, I'm good.

 

That's another reason I track all my fishing gear in Excel. We've got other files for things like furniture, art, books, etc, with pictures of the major stuff - like the wife's Lladro Statues. We copy the files to a Cloud Account so we can access from anywhere.

Look at your policy. That number is already set. That would be like having a 67 Camaro in the garage that you plan to restore versus a fully restored 67 Camaro. If they are both burned beyond comprehension who's to say it was worth $3,000 or $150,00? 

[MN Fisher]

12 minutes ago, jbsoonerfan said:

Look at your policy. That number is already set. That would be like having a 67 Camaro in the garage that you plan to restore versus a fully restored 67 Camaro. If they are both burned beyond comprehension who's to say it was worth $3,000 or $150,00? 

Oh ya - but we set it to over the replacement cost of our items and update it yearly. Currently it's about $5k above what it'd cost to replace everything in the house...furniture, clothing, appliances, and the stuff I listed above.

 

If our house burned down tomorrow, the policy would pay for rebuilding and replacing everything. If we're robbed, replacement of stolen items.

 

Had this policy with the same company for over 36 years...one claim (hail damage) back in 2001 of which I payed zero out of pocket.

[jbsoonerfan]

4 minutes ago, MN Fisher said:

Oh ya - but we set it to over the replacement cost of our items and update it yearly. Currently it's about $5k above what it'd cost to replace everything in the house...furniture, clothing, appliances, and the stuff I listed above.

 

If our house burned down tomorrow, the policy would pay for rebuilding and replacing everything. If we're robbed, replacement of stolen items.

 

Had this policy with the same company for over 36 years...one claim (hail damage) back in 2001 of which I payed zero out of pocket.

So you could say you had a mint Honus Wagner card and a mint Mickey Mantle RC stolen and show them a pic off the internet and your insurance would cut you a check for 5 million dollars? I know that's on the extreme end of the spectrum, but if you valued that into your premium, how would they ever know? I guess I don't understand how your adjuster is going to know the difference in a Steez rod vs an Ugly Stick when they are both melted to nothing.

[MN Fisher]

1 minute ago, jbsoonerfan said:

So you could say you had a mint Honus Wagner card and a mint Mickey Mantle RC stolen and show them a pic off the internet and your insurance would cut you a check for 5 million dollars? I know that's on the extreme end of the spectrum, but if you valued that into your premium, how would they ever know? I guess I don't understand how your adjuster is going to know the difference in a Steez rod vs an Ugly Stick when they are both melted to nothing.

Probably cause of the way the photos are taken - ya, someone could PS the extras in the frame into the photos...but it's the best we can do.

 

And the home office (I don't deal with a local agent, I deal direct with the main office) does call occasionally, and I've had an adjuster come out a few times since I got the policy to do a walk-around...just checking that what I stated as replacement value wasn't inflated. They've gotten to 'know me', and trust my judgement...36+ years, one claim...never tried to 'fleece' them.

[JustBassinThru]

2 hours ago, jbsoonerfan said:

From what I understand, pictures are no good if you don't show them to your adjuster ahead of time to get an estimate on the value so they could adjust your premium to cover said belongings. Pics are no good after the fact once your policy is set in stone. At least that's what I was told. 

Good point and something to look into. I think it also depends on your insurance person. We have a family friend that we have been with for 25 years that I have zero doubt that what I have pictures of wouldn't be covered.

[jbsoonerfan]

4 minutes ago, JustBassinThru said:

Good point and something to look into. I think it also depends on your insurance person. We have a family friend that we have been with for 25 years that I have zero doubt that what I have pictures of wouldn't be covered.

But, like I said, does he know you have a mint condition Mickey Mantle RC worth 5 million dollars, or does he know you have 200 guns worth a thousand dollars each? How do you insure something after the fact? If you aren't paying to cover a 5 million dollar loss, how do you expect to collect on it? I do realize that is extreme, but I'm just trying to make a point.

[volzfan59]

2 hours ago, jbsoonerfan said:

From what I understand, pictures are no good if you don't show them to your adjuster ahead of time to get an estimate on the value so they could adjust your premium to cover said belongings. Pics are no good after the fact once your policy is set in stone. At least that's what I was told. 

My Allstate agent told me to take pics and keep a written inventory of all lures, rods and reels. I even show deletions for lost lures if I don't replace them.

[jbsoonerfan]

4 minutes ago, volzfan59 said:

My Allstate agent told me to take pics and keep a written inventory of all lures, rods and reels. I even show deletions for lost lures if I don't replace them.

Your personal property compensation is already written into your policy. It doesn't matter what you show after the fact. I've been through this. I had an award winning audio system in my car in 2000 that had about $8,000 worth of stereo equipment in it. When I insured it, I had to pay extra to cover it. No different than a classic car that may be worth $100,000 even though it's 40 years old. It's the same with home owners insurance. I'm not talking about a lost Rapala shad rap. You literally already have a number written into your policy.

 

I'm done here though, some people just don't get it. 

[volzfan59]

12 hours ago, jbsoonerfan said:

Your personal property compensation is already written into your policy. It doesn't matter what you show after the fact. I've been through this. I had an award winning audio system in my car in 2000 that had about $8,000 worth of stereo equipment in it. When I insured it, I had to pay extra to cover it. No different than a classic car that may be worth $100,000 even though it's 40 years old. It's the same with home owners insurance. I'm not talking about a lost Rapala shad rap. You literally already have a number written into your policy.

 

I'm done here though, some people just don't get it. 

Brother, I'm not disagreeing with you at all. In fact I don't have a clue how a lot of that works. I was just saying what my agent advised me to do.  Heck, it would have saved me the better part of a day to not fool with it!

[Dirtyeggroll]

14 hours ago, MN Fisher said:

Oh ya - but we set it to over the replacement cost of our items and update it yearly. Currently it's about $5k above what it'd cost to replace everything in the house...furniture, clothing, appliances, and the stuff I listed above.

 

If our house burned down tomorrow, the policy would pay for rebuilding and replacing everything. If we're robbed, replacement of stolen items.

 

Had this policy with the same company for over 36 years...one claim (hail damage) back in 2001 of which I payed zero out of pocket.

What you’ve done is set coverage for an existing set of items which the insurance has agreed to pay upon. If you were to acquire a gold plated wiggle wart, worth $20,000 your insurance would NOT cover it unless you updated your policy prior to the loss. Your pictures you have now will only serve to make sure they pay the previously agreed on maximum coverage.
 

Not having any claims with your insurance is by no means a good indicator of how they will cover you. It just means you don’t have experience making claims with your insurance company. Even the best of adjusters can only do so much since the policy is written on paper.

[Deleted account]

Depends on the policy. It may cover everything or nothing, more likely something in between in case of loss, and the type of loss may or may not make a difference, again it's in your policy. Do not go by what is implied online, a commercial, was told to you by a salesman, or anyone else. Most policies will have deductibles, exclusions, and limits, and possibly riders. Read your policy carefully, and get help or advice if you don't completely understand it. If it isn't in there, it's not covered. Insurance companies are not in the business of paying claims. That being said, knowing what you own in case of loss is not a bad idea.

[TOXIC]

I heard from a client who had a bunch of high end fishing gear stolen that his insurance company required an original purchase receipt before they would cover at any more than an underwriter assigned value.  

[TnRiver46]

1 hour ago, Deleted account said:

Read your policy carefully

 

I’ve never once read an insurance policy. I’d rather catch 3-4 moderately severe beatings 

[fishwizzard]

Whenever I lovingly pose a combo on my woodpile right at the golden hour and take a dozen pictures of it, I very much like to tell myself that I am doing it for some very practical insurance reasons.