Insurance issues for com. equip stored at residence.

Discussion in 'Lawn Mowing' started by jack D., Jan 24, 2002.

  1. jack D.

    jack D. Banned
    Posts: 31

    Some of my com. equipment is stored in my garage which is attached to the house. My equip. & home are insured. What are the insurance issues if a fire breaks out in the garage & is linked to or fueled by the com. equipment? Does anyone have additional coverage for this?
  2. Atlantic Lawn

    Atlantic Lawn LawnSite Senior Member
    Male, from Outer Banks NC
    Posts: 939

    Never really thought of it, I'll ask my agent tomorrow.
  3. big james

    big james Banned
    from texas
    Posts: 152

    not sure about fire but Homeowners insurance will NOT cover theft of any property stored or kept at your residence that is used to generate income ,I learned that one the hard way!!!!!:blob2: :angry:
  4. Our insurance is though the same company that supplys our liabilty.Only thing the agent even asked was if the equipment was in a secure place

    They do stick you for deprecration of the equipment.
    So if you got a 3 year old piece of equipment and it get stolen or burnt in a fire dont look to get new price back they only pay the book value so to speak.Or at least thats how my policy works.
    I found this out when we went to file a claim on a dixie chopper and two trimmers and blower that burned in a shed at my brothers lot.
  5. bruces

    bruces LawnSite Senior Member
    Posts: 648

    Ask your agent. Anything any one here tells you is pure speculation. Without knowing the particulars of your policy, etc.

    The agent earns his / her commission for providing service. Make use of them.
  6. jack D.

    jack D. Banned
    Posts: 31

    I wanted some backgound info before talking to my agent. I think it is possible homeowner insurance will not cover a fire caused by commercially used equipment stored at the residence. If this is the case, informing my insurance agent of my current situation may not be prudent. I will talk to an independent broker. Possibly storage without fuel in tanks or gas can storage would not affect my current policy.
  7. CSRA Landscaping

    CSRA Landscaping LawnSite Bronze Member
    Posts: 1,232

    ... get your WB stuck in another back yard, or you may have to repair another fence! ;)
  8. Ray&Christine

    Ray&Christine LawnSite Member
    Posts: 181

    I was talking to my insurance broker about this very subject just the other day. He said don't worry both the house and the equipment are covered. He said if the house burned down and the fire was caused by my commercial equipment my contractors insurance policy would cover the house. If there was ever a fire here I still think it would be a nightmare triing to get the insurance company to pay up.

  9. Mowingman

    Mowingman LawnSite Platinum Member
    from Texas
    Posts: 4,662

    When I used to keep my equipment in my garage and backyard shed, my State Farm Ins. agent said it would not be covered against a loss. I had to add a "Rider" to my homeowners policy to cover the value of the equipment. He said, however, that it was not a problem storing it at home.:)

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