Coverage for landscaping done to home

Message Author
ampm-bookmark
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Thu Dec 27, 2007 12:21 am   Post subject: Coverage for landscaping done to home  

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?

bmartinez
New member
Leave a quick message



Joined: 27 Dec 2007
Posts: 1


1.40 Dollars($)

PostPosted: Thu Dec 27, 2007 3:33 am   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?

goodnatured
Senior member
Leave a quick message



Joined: 04 Nov 2007
Posts: 1222


1.14 Dollars($)

PostPosted: Thu Dec 27, 2007 4:31 am   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.

tcope
Forum Expert
Leave a quick message

tcope
Forum Expert

Joined: 22 Nov 2006
Posts: 6175

Location: Salt Lake City, UT
375.37 Dollars($)

PostPosted: Thu Dec 27, 2007 4:56 am   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.


_________________
Register Now to have your Insurance queries solved.
Brigitte
Guest







PostPosted: Thu Dec 27, 2007 9:57 am   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! Shocked who needs that? Rolling Eyes 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' WinkRazz



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



_________________

"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.
Lori
Forum Expert
Leave a quick message

Lori
Forum Expert

Joined: 10 Sep 2007
Posts: 8080

Location: Missouri
287.93 Dollars($)

PostPosted: Thu Dec 27, 2007 4:50 pm   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.


_________________
Register Now to have your Insurance queries solved.
Brigitte
Guest







PostPosted: Thu Dec 27, 2007 7:18 pm   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.

goodnatured
Senior member
Leave a quick message



Joined: 04 Nov 2007
Posts: 1222


1.14 Dollars($)

PostPosted: Fri Dec 28, 2007 10:20 am   Post subject:   

Quote:
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 Very Happy ....
Quote:
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? Confused I've always thought that odd...


_________________

"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.
Lori
Forum Expert
Leave a quick message

Lori
Forum Expert

Joined: 10 Sep 2007
Posts: 8080

Location: Missouri
287.93 Dollars($)

Quick Reply
Your Name
Subject
Message body
All times are GMT
Page 1 of 1


Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs

    Connection Error: Connection refused