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bryand82487

Fishing Gear Insurance?

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Does anyone have insurance on there rods and reels?  I keep telling myself I need to get it every time I buy a new one but never end up doing it.  I don't know what I would do if all my gear was stolen.  Are the prices reasonable?  I wouldn't imagine it would be to much.

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Does anyone have insurance on there rods and reels? I keep telling myself I need to get it every time I buy a new one but never end up doing it. I don't know what I would do if all my gear was stolen. Are the prices reasonable? I wouldn't imagine it would be to much.

I was under the impression that as long as you have good insurance for auto, boat (extra coverage) and home that you would be covered??

Perhaps I am wrong with this assumption?

I take pictures on all my valuable stuff...

Request an additional quote from your insurance company and let us know. ;)

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There is coverage under the Homeowners or Tenants policy.(with a deductible)  There should also be some coverage under a boat policy, listed on the front page.   You can buy additional coverage under the boat policy.  My cost is $28 for a total of $2500 coverage, less $250 deductible.  That help?

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I have a rider on my home owners that covers my rods & reels for up to $17,000 at a cost of $81. a year. I had to provide pictures & description of them & it covers them where ever they are with me.

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I heard one guy's insurance company refused to pay out after his high dollar gear got stolen out of his boat because there was no sign of forced entry.

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My boat policy provides limited coverage.  My home owners also has base coverage so, I too added a special clause to cover my gear.  I had to provide an inventory that included when the item was purchased or acquired and what my cost was.  I keep a running inventory on a WORD document for that very reason.  Anything over 250.00 required a serial number.  That's hard when reels and rods are not serialized. I feel I'm covered now.

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My rods & reels are insured by a separate "sports equipment" ryder on my homeowners policy. It cost me $100/yr to insure $10,000 worth of rods and reels with a $50 deductible.

VERY cost effective.

I provided my agent with a very detailed list of gear and lots of photos and receipts and that helped keep the cost and deductible low.

In Texas, homeowners insurance is very expensive, $2000/yr to cover a $350K house with a $3500 deductible (I will never have a claim unless it burns or blows down).

My gear would be covered by my homeowners policy without the additional ryder but the $3500 deductible would apply so basically any loss of less than 4 combos would not be covered.

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Check Texas insurance laws. My HO insurance in Florida was high due to threats of a hurricane or named storms, deductibles are reasonable with the exception of a named storm then the deductible is 2% of insured value. $2000 for a 350 k home would have been very reasonable here. Now in effect is a program that if you get a wind mitigation inspection, cost $75-$100, your premium gets cut roughly in half as mine did. Your premium is not based on market value, value of homes in many markets have been slashed, but on replacement or reconstruction costs, value of land excluded.

HO insurance companies get real picky about too many small claims,as many are fictitious. When I got hit by Hurricane Wilma the claim was hefty and payout was prompt less the 2% deductible, with no rate increase or cancellation, my neighbors had the same experience as I had.

Many times your agent will not mention this as their commissions are based on the total premium paid.

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