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Old 05-01-2002, 04:14 AM
AK Lawn AK Lawn is offline
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Location: Alaska/ Colorado
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Stolen=insurance

Do your insurance companies cover stolen items, i have shoped and shoped and have never found any company that will even come close to covering any stolen items, and am still pay insanely high rates so what do you guys have?
AK Lawn
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Old 05-01-2002, 08:45 AM
LawnLad LawnLad is offline
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Location: Cleveland, Ohio
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Boy oh boy... could you imagine them paying replacement cost on stolen equipment? "Um, Mr. Agent - my back pack blower got stolen off my truck.... I need a new one!" Talk about an invitation for insurance fraud.

You're better to keep your own "insurance" fund in your bank account. The grand a year you'd pay or more, could be invested into CD's etc and give you some return, seeing as you most likely won't need it. In the past eight years off of three crews, we've lost more things than we've had stolen (I'm embarrassed to admit). We've had a line trimmer and a back pack blower stolen - that's it. I've heard of guys having whole trailers stolen (truck maybe too!). I guess being aware of what's around you and keeping a guy in the front of the property at "all" times has kept this problem to a minimum.
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Old 05-01-2002, 05:57 PM
prairie prairie is offline
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I'm from Topeka Kansas and I know a guy that stole $20k in tractors and other equpt. form a local John Deer dealer. was caught 30days later and now is in jail..............

Best to put you extra $$$$$$$$$$ in an Annuity or something taxed deffered...At least you wont be paying taxes on the intrest each and every year...That your saving for those very rainy days.
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Old 05-01-2002, 10:24 PM
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rodfather rodfather is offline
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Location: Clinton, NJ
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I had 2, 16' Pequea, Deck Over Trailers stolen the week after last Thanksgiving. They were chained together in my equipment yard that I rent.

They were 97 and 98 with railings. I was reimbursed full amount less $100 deductable and yearly depreciation.
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Old 05-01-2002, 11:18 PM
Raven Raven is offline
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Location: NE Ohio
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LawnLad -

I just replied to another post concerning insurance. Thought you might be interested since we're from the same area. I've had Grange Insurance for the past six years. I pay $352 annually for $1,000,000 / $2,000,000 business liability and have $15,000 of coverage for stolen equipment included. It paid off last fall when I had a walk-behind blower and a backpack blower taken from my truck. I do have a $500 deductable, but a check for $700 was sent to me from Grange within two weeks.

Six years ago I could only get $5,000 worth of theft coverage, but my coverage allowance has increased each year since. Check with a local Grange agent if you're interested.

What you said does seem logical, but if one becomes an insurance abuser, they lose their coverage or pay dearly for it!!!
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Old 05-03-2002, 01:47 AM
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DLCS DLCS is offline
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AK Lawn,

I have all my equipment that I carry on my trailers insured through State Farm Insurance. That covers theft and damage due to vandalism or accidents while on the road. I think they charge so much per thousand dollars of value. I have a $250 deductible on my policy. It paid off last year when my backpack blower got stolen.


Mike
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Old 05-04-2002, 03:11 PM
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Shadetree Ltd Shadetree Ltd is offline
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I also have all equipment insured, the insurance cost me 2% of the total value.

Scott
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Old 05-04-2002, 07:07 PM
Shack Shack is offline
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Location: Lithia Springs Ga.
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It is called inland marine insurance.(pretty cheap)
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