Coverage for landscaping done to home

Submitted by bmartinez on Thu, 12/27/2007 - 00:21

Hello, I have an HO client with about $400,000 of work done to landscaping. Cov A only covers 5% for trees, shrubs, etc. This gives them about $35K of coverage. Carrier states this cannot be increased and there is no endorsement for landscaping. Anyone know what to do in this situation?

Posted: 27 Dec 2007 03:33 Post Subject:

That is alot of landscaping, wow, must be one heck of a site, I am not real sure about landscaping insurance, would that fall under homeowners more than likely. My whole property is not worth that much, I would like to see $400,000 in landscaping, is it a golf course, LOL?

Posted: 27 Dec 2007 04:31 Post Subject:

A person has an $800k home with $400k in landscaping? Odd.

What is there that they could possibly suffer a total loss? I can't think of much that would cause all the landscaping that they own to be killed. If there was... I think some trees and bushes would be the last of their worries.

Posted: 27 Dec 2007 04:56 Post Subject: same

The RC is $697, not the market value. The MV is probably around $3 Million or more (South California Property). It is not at all uncommon for that to be spent on landscaping here. A fire could destroy all the property and landscaping. I also doubt it but I don't want our E & O to cover this ya know.

Posted: 27 Dec 2007 09:57 Post Subject:

Brigitte, good morning and welcome...

First want you to know I'm an adjuster NOT an agent, however there are many seasoned agents on this board, that hopefully will respond...couple of ideas though...have to tried contacting some of your collegues in this area that also insure these high end homes? They may have some answers for you...I certainly understand not wanting and E and O problem! :shock: who needs that? :roll: Are you a captive agent? It might be something with your carrier alone that will not allow an endorcement to 'boost' this coverage. I assume you have talked to your regional manager etc...explained you may lose this business if you can't come up with a solution? Don't suppose you could write an inland marine on landshaping could you?

I agree I could see this entire 'investment' wiped out especially in the area you are speaking of.....it's just foreign to most of us to think of spending that much on a persons 'yard' :wink: :P

I'm sorry I'm not much help....will hope our agents will be along shortly!

Posted: 27 Dec 2007 04:50 Post Subject: same

Thank you Lori. Well, I shall see what occurs and let you all know. Nice to hear from an adjuster too. I ALWAYS have questions for adjusters. They're the ones who really know the coverage's it seems.

Posted: 27 Dec 2007 07:18 Post Subject:

I am sure that someone with more knowledge will be along to help you soon, This is just out of my world completely, can't even imagine a yard being worth that much, let alone a home, poor me, LOL. goodluck, I hope you find the help you need.

Posted: 28 Dec 2007 10:20 Post Subject:

Thank you Lori. Well, I shall see what occurs and let you all know. Nice to hear from an adjuster too. I ALWAYS have questions for adjusters.

You're certainly welcome. That's what a big part of this forum is about so anytime, find the 'area' and post/ask away :D ....

They're the ones who really know the coverage's it seems.

Yeah it does seem that way...isn't it funny that adjuster's have a lot more training in coverages than agents do and they are the ones selling the product? :? I've always thought that odd...

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