Re: OT Equipment insurance

Mike <wildwood7711@...>

Make sure you get replacement coverage!

On Tuesday, January 14, 2020, 06:19:59 PM CST, Steven Steven <steven447@...> wrote:

Hi Mike,

I use a well-established Insurance Broker for ALL my insurance including astronomy, IT, aircraft, as well as household, buildings and personal/accident, etc. A broker has access to many different insurers and can explain their policies and how to make claims, what they'll need, etc. That is the way to do it. Insurance companies direct cannot be relied on unless you happen to really be in the know how they do things, and if you should have a claim, a broker will ascertain that you get the best service, and better sleep. Premium costs are not much higher - an unpaid claim can exceed anything you could pay in premiums.


From: <> on behalf of Mike Shade <>
Sent: Tuesday, 14 January 2020 7:09 PM
To: <>
Subject: [ap-gto] OT Equipment insurance

I am having a bit of a problem with my insurance company.  Like many I have a few telescopes, mounts, and associated equipment.  I was told that the equipment was covered under the "personal property" section of my policy and I increased my coverage a year ago to cover the estimated value.  My wife offered recently that I double check to make sure since the equipment is in an observatory on the property.


My insurance company agent is not helpful.  They are wanting appraisals, receipts, pictures, descriptions, maybe an inspection and possibly security measures for the observatory.  I asked who would be able to appraise said equipment.  Silence.  I know what some of the current cost is for some of it as it is still being produced.  However, some of it is no longer being produced (like my 1200GTO mount).  As I have been doing this for 45 years, I have a pretty good idea as to value.  I also offered that some was purchased private party, no receipts or they are long gone, or it was say 12 years ago.  They are not helping to solve a problem they created and I am getting somewhat frustrated.


So, how do people insure equipment?  I don't need to know who has what or the value, just how is specific equipment covered.


Thanks for any useful information.


Mike J. Shade:

Mike J. Shade Photography:


In War: Resolution

In Defeat: Defiance

In Victory: Magnanimity

In Peace: Goodwill

Sir Winston Churchill

Already, in the gathering dusk, a few of the stars are turning on their lights.

Vega, the brightest one, is now dropping towards the west.  Can it be half

a year since I watched her April rising in the east?  Low in the southwest

Antares blinks a sad farwell to fall...

Leslie Peltier, Starlight Nights


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