Hawaii Insurance Online – Waipahu and Aiea Car Insurance, Pearl City Car Insurance – Auto Insurance, Car Insurance

Wacky Insurance Claims

Have you ever filed an insurance claim?  Many of us who purchase an auto or homeowner’s insurance policy may never ever file a claim.  But for most people, there’s some type of accident or event that can be covered by insurance.  That’s why we have insurance – for the unexpected events in our lives.  Most claims are small – minor fender benders for auto insurance and minor weather related claims for homeowner’s insurance.  Some claims are serious like a motor vehicle accident where someone dies or a total loss to a residence by fire.  Again, that’s what insurance is for.  And some claims are just plain wacky.  They may be big or small, but they’re all quite unusual.  Take a look at the following article for some wacky claims:

Wacky Insurance Claims

Posted 18. Sep, 2010 by Forest in General Articles, Opinion

Wacky Insurance ClaimsInsurance is something we all don’t want to pay but can come in handy in situations that we never planned for. In many cases (like home and car insurance) it’s a necessary evil and although I hate extra monthly expenses it has saved my butt a few times!

Most insurance claims are straight up damage claims of the most common nature. Minor car crash, small storm damage, stolen cell phone and similar. However insurance can cover a wide gamut of situations and sometimes some trulelu wacky insurance claims are filed. Not all get paid but believe it or not some do manage to.

List of Wacky Insurance Claims

The wackiest thing I ever claimed for was falling through a loft and landing on top of the fridge in the kitchen! The fridge probably saved me a hospital visit but it’s not that uncommon to fall through roofs (Ok that statement is a huge assumption, maybe it’s just me that is so clumsy!).

This is a list of the funniest and wackiest insurance claims that I could find from an article on Yahoo (wackiest insurance claims), An article on eList Mania (10 bizarre insurance claims) and and article on Barrington Insurance Brokers (funny insurance claims).

  • A farmers herd of cows got into his games room and went nuts causing $3000 (AUD) worth of damage. The claim was paid!
  • A pet poodle swallowed it’s owners false teeth resulting in a $1500 (AUD) claim that again was paid.
  • A wasp flew up a drivers trousers and got in his underwear causing him to panic and put his foot in the accelerator at a stop light, causing a traffic accident!
  • A grandmother took off her opal ring whilst babysitting her grand daughter. The grand daughter decided the ring matched the cats eyes and tied it to the cats collar. The cat ran off into some nearby forest and the ring was never seen again!
  • A closed bus station toilet was claimed as the cause of a man soiling his underwear and claiming for a new pair of trousers! I think this claim was likely refused.
  • A man pulled out of his drive and hit a bus. He claimed that the bus was 5 minutes early and that was why it wasn’t his fault!
  • Voodoo was claimed as a possible cause of a broken windscreen.
  • Hitting a pedestrian was justified by someone as they said they had to to avoid hitting the bumper of the car infront of them.
  • Power steering was blamed by someone knew to it for doing a small turn that ended with their vehicle facing the wrong way!
  • Another person claimed that the pedestrian they had hit admitted it was their fault because they had been hit before.

Some of these are hilarious but I bet they are no where near the weirdest. I am sure insurance companies process some unbelievable claims.

Protect Your Landscape Investment

Do you own a home with a yard?  If the answer is yes, did you spend some time and money landscaping your yard?  Many homeowners including myself have spent a lot of time tending to their yards.  Many spent a lot of money as well.  Does your homeowner’s insurance policy cover landscaping?  The answer is very little if any.  Check out the following article for details.

Protect Your Landscape Investment

One of the more common complaints heard from insureds after a major property loss is a lack of homeowners coverage for valuable trees and landscaping. Most homeowners policies provide only limited coverage (with restricted perils) for this loss exposure—usually 5 percent of the dwelling limit subject to a maximum of $500 per tree or shrub. Peril restrictions may also preclude coverage; for example, there is no landscaping coverage for a loss to landscape arising out of windstorm. Unfortunately, many trees, in particular, can be valued in the thousands or even tens of thousands of dollars. To protect this investment, consider the following risk management tips.

  • If you have valuable mature trees, consider asking a licensed or certified arborist to appraise their value. Trained arborists use guidelines to value these trees, and such guidelines are recognized by insurance companies, the courts, and, in most cases, the Internal Revenue Service.
  • Once you have the valuation, consider asking for an endorsement to provide higher limits and enhanced coverage for your valuable trees and other landscaping.
  • Practice sound loss control for your trees. For example, topping of trees should be avoided. (Topping is the indiscriminate cutting of trees to stubs or lateral branches that are not large enough to sustain the remaining branch.)
  • Hire a tree specialist to properly prune and thin out your mature trees. This action makes your trees less susceptible to disease and insects. For extremely valuable trees, consider hiring an arborist for this work. When selecting an arborist, check for his or her membership in professional organizations such as the International Society of Arboriculture (ISA), or the Tree Care Industry Association (TCIA).
  • Recognize tree hazards to avoid injuries and damage to property. For examples, dead or dying trees are more likely to fall into utility lines, which could cause power outages, surges, and fires. Dead or dying trees are also likely to damage homes and could even injure people should they fall. Hiring a reputable tree specialist to remove dead or dying trees is a smart move. Get copies of the contractor’s certificates of insurance for workers compensation and general liability before work begins.

Get more personal lines insurance and risk management tips and ideas from IRMI.

Copyright 2010
International Risk Management Institute, Inc.

Earthquake Insurance

In the wake of the tragic Haiti earthquake, you may wonder what would happen if an earthquake struck closer to home.  Would your homeowner’s insurance policy cover your home if it was destroyed by an earthquake?  For most homeowners, the answer is “no.”  Unfortunately, the standard homeowner’s insurance policy excludes earthquake losses.  Similar to a flood risk, earthquake is considered too high of a risk to be covered by standard rates.

Liberty Mutual is one of the few companies that offers earthquake insurance in Hawaii.  However, very few of our policyholders choose to add this coverage to their policies.  The premium is quite expensive and the deductible is very high.

Read the following article for safety tips and more on earthquake insurance:

Consider Buying Earthquake Insurance

Images of desperation and despair continue to pour out of Haiti in the wake of its devastating earthquake last month, killing over 200,000 people and directly impacting over 3 million of its people. This earthquake also serves to remind Americans of their exposure to this peril as well. Records dating back to 1900 reveal that earthquakes have occurred in all 50 states and caused damage in 39 of these states. The Federal Emergency Management Agency (FEMA) released a major study in 2000 indicating that U.S. earthquake losses over time could average $4.4 billion a year.

So the following question naturally arises: what is your exposure to an earthquake? Research indicates that residents in California, Oregon, and Washington are most at-risk. However, parts of Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri, and Tennessee are also quite exposed to earthquakes. The New Madrid Seismic Zone runs under these states and, though it occurred long ago, gave rise to one of the largest magnitude earthquakes to ever hit the United States.

If you live in any of these states, you should ascertain your proximity to an earthquake fault zone. California residents can determine their exposure by visiting the State of California’s Department of Conservation Web site, which provides a list of affected cities and counties. For other state-specific information, visit the U.S. Geological Survey Web site.

Most homeowners policies specifically exclude earthquake losses, just as they do flood losses. Therefore, if you live near an earthquake seismic zone, consider purchasing a separate earthquake policy or an earthquake endorsement attached to your homeowners policy. In addition, the following are some steps to take that will reduce your chances of injury or property damage resulting from an earthquake.

  • Verify that operational fire extinguishers are strategically located on each floor of your home.
  • Anchor tall furniture, refrigerators, water heaters, and bookcases securely to the walls.
  • Utilize flexible connectors for gas supply to gas-fueled appliances.
  • Keep beds away from glass or any hanging object that might fall.
  • Verify that your home’s roof and chimney are well-maintained, with proper support.
  • Apply safety film to windows and glass doors.
  • Add anchor bolts or steel plates between the home and its foundation.
  • For older homes, work with a civil engineer or city building department to verify that your home is up to code for the earthquake peril.
  • Communicate to family members an emergency meeting place should your family get separated during an earthquake.

If you are in your home when an earthquake occurs, stay inside and move away from windows, skylights, doors, and objects that might fall. Crawl under a sturdy item such as a large table or desk.  Stay where you are until the shaking stops.

Get more personal lines insurance and risk management tips and ideas from IRMI.

Copyright 2010
International Risk Management Institute, Inc.

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