Quote:
Originally Posted by h0ughy
i am also with the NRMA
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Ok so am I.
My previous observatory was on someone else land so I couldn't insure my infrastructure, like and buildings deck etc (luckily the land owners were happy to cover these in their building insurance
) and since it was also not located on my own property, I had to insure all my astro gear, as
specified portable items and provide detailed descriptions of any single item valued at over $10K (Mount, OTA, CCD camera). Since all my astro gear is now on my own property, which I own, I was able to simply put all my astro gear on my
home contents policy without any specific declaration of items, just so long as my overall cover value would actually cover the replacement cost of all the items I might need to claim on, ie avoid being "under insured", this was much cheaper than specified portable items insurance! My dome, deck and sheds etc are now covered under my buildings insurance, which once again, I just have to make sure I have enough coverage to cover "all" buildings on the property! ie avoid being under insured.
So in a nut shell, just value the total replacement cost of all your gear, add 10% and add that to your insured sum in your home contents policy, as for your dome, it may or may not be considered contents, pretty sure its a "building" like a garden shed fixed to a slab or a pergola (ring and ask). As for that wafer thin under engineered slab of yours (
), it will be part of your building insurance (aaand the Earths crust, even after dooms day!!).
In the end you can't escape insurance companies and if they feel you are under insured they will not pay your full claim if you make one.
Mike