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Old 06-16-04, 01:39 PM   #1 (permalink)
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Insurance on your collection?

What insurance company do you use to insure your pet collection? I don't mean health insurance to cover vet bills, I mean in the event, god forbid, your house burned down or coverage for accidental death. Example would be if the thermostat on your house screwed up and things got way to hot and it killed your collection. Is there any company that would insure animals in cases such as this?

I've got a deposit down on 1.1 100% Het Albino Ball pythons, and I was thinking I'm making an investment of not only a fair sum of money but quite a bit of time. They are hatchlings so it will be at least 2 - 3 years before I would be able to even begin to see any return on investment and that is a very optimistic time frame. So I was wondering, what do the big breeders do with their very expensive collection, do you have insurance to cover the What if's?
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Old 06-16-04, 01:44 PM   #2 (permalink)
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If you do a search on "insurance" on this site, you'll find a few excellent threads on exactly this topic.
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Old 06-16-04, 01:45 PM   #3 (permalink)
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Excellent question, i have an ETB and im planning to get a few others in years to come, and they're pretty expensive snakes... I feel a little concerned about that too!
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Old 06-16-04, 01:58 PM   #4 (permalink)
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Would home owners insurance cover that? Just wondering.
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Old 06-16-04, 02:01 PM   #5 (permalink)
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If you do a search on "insurance" on this site, you'll find a few excellent threads on exactly this topic.
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Old 06-16-04, 02:23 PM   #6 (permalink)
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These should get you a started:
Insurance
Herp Friendly Insurance?

What it all boils down to is ... unless your collection is very valuable, it might not be worth the agony to even think of mentioning to your insurance company that you own reptiles.
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Old 06-16-04, 02:31 PM   #7 (permalink)
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I have a friend in GA. that had his homeowners' insurance cancelled when he casually mentioned to his agent that he had a collection of snakes. I don't know about other places, but here in FL if your ins. gets cancelled, it's VERY difficult/expenxive to get another policy.
What a rip-off!!!
:Mark
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Old 06-16-04, 02:36 PM   #8 (permalink)
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Well, I guess I won't be mentioning anything to my insurance agent. LOL
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Old 06-16-04, 03:05 PM   #9 (permalink)
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Exactly...Be careful you don't end up incriminating yourself...
I made the mistake of simply asking my insurance company if I could get insurance on my collection and they pulled both my residence and vehicle policy, and told me they were no longer interested in any of my business....period
The simple fact that I let them know I was a snake breeder, scared the beejeebers out of them.
In the eyes of some insurance companies, herpers are weirdo fringe group minorities that represent above average risk. By even mentioning you keep herps, especially constrictors you might get a rude awakening and find you're no longer insurable at all.
Herpers with many years of snake keeping under their belt, or with commericial herp breeding businesses might also have a hard time getting life insurance. This all depends on what you keep and whether they believe you when you say you're not working with hots and don't have a basement full of Nile crocs.
I suspect there might be a feeling of "where there is smoke there is fire. "
Of course simply avoiding this topic also puts you in breach of contract, so it would be terrible to pay premiums for years only for your loved ones to find the policy wont pay out in the event of a tragedy
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Old 06-16-04, 03:26 PM   #10 (permalink)
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It's a slippery slope. My own personal collection is fairly valuable, but I won't even tell my house insurance broker/company about them. You just need to take all the precautions that you can to ensure you're being as safe as possible IMO.
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Old 06-16-04, 04:58 PM   #11 (permalink)
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Apart from the issue of insurance companies denying any insurance to people who keep herps, in most cases with insurance of any livestock, the premiums that are required to maintain a policy for replacement value are so high that it is not worth it. Life insurance on livestock is high risk and there are not many buyers to spread that risk among. You will find that if you invested what you would have to pay out in premiums over 4-5 years of the policy, you would have enough to buy any replacements.

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Old 06-16-04, 07:41 PM   #12 (permalink)
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i mentioned that we had some corn snakes (stupid me opened my big mouth), insurance agent was like corn snakes? what are those? i told him they were like garter snakes, he said he had to call an adjustor and find out what to do, when he got back to me he was like, don't worry, they're not even mentionable. so i didn't bother mentioning the rest of our collection. I'm with rbc btw.
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Old 06-16-04, 08:53 PM   #13 (permalink)
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My insurance company had me up my liability to 2 million and then told me i am not aloud to take them from my home to publicly display nor was i aloud to breed BOA CONSTRICTORS. LOL they did not mention and other species. It all ended up costing me an extra $2 per month.
I guess it could have been worse.

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Old 06-17-04, 05:59 AM   #14 (permalink)
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What company was that Jason?
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Old 06-17-04, 10:50 AM   #15 (permalink)
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Just got go a little bit further on this subjest. Insurance companies are really starting to get to me. I went through 7 companies and only one would insure my home with the snakes inside. One company actually had the audactiy to say they wouldn't insure me because if the snake escaped it could wrap araound a babies neck and kill the baby..................... are people really that ignorant?

Anyway, I know allot of you would suggest that I just don't tell them, my problem with that is that I would hate for something to happen to my home and then when it comes time for the insurance company to pay up they say my policy is void because I kept reptiles. So for me it's just to have peace of mind upfront that in the event something happened I wouldn't get scrwed.

Anyway that's my rant for the day.
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