stev@bu-cs.BU.EDU (Stev Knowles) (09/19/86)
hello campers. i just got a _byte_deck_ of cards in the mail, and was sitting here looking through them. i found i card dealing with insurance, and began to wonder, do any of you have special insurance for your pc's stereo's etc? will your regular insurance cover them? who offers it? is it worth it? any other thoughts? stev -- stev knowles, boston university distributed systems group ARPA: stev@bu-cs.bu.edu CSNET: stev@bu-cs.CSNET UUCP: ...harvard!bu-cs!stev BITNET: ccsk@bostonu.BITNET
tim@j.cc.purdue.edu (Timothy Lange) (09/23/86)
Check your home owners policy, most will cover a PC at home. I have Shelter Insurance and I remember when I checked there was no limit on cost. If the machine is used for a business you should get a separate policy, at least that is what my agent told me. Tim Lange Purdue University -- Timothy Lange Purdue University Computing Center West Lafayette, IN 317-494-1787 extension 260 tim@j.cc.purdue.edu
lyourk@ihlpf.UUCP (Loran N. Yourk) (09/23/86)
> Check your home owners policy, most will cover a PC at home. I have > Shelter Insurance and I remember when I checked there was no limit on > cost. If the machine is used for a business you should get a separate > policy, at least that is what my agent told me. > > Tim Lange > Purdue University > -- Make sure you check out the limits of the coverage for electronics. Most insurance companies have about a $1,500.00 limit for such stuff (stereo, cameras, vcr's, TV's, etc) and this is for each occurrence of a loss no matter how much you really lost. It is best to read the fine print which only comes with the final policy. If you have more than the limit, you can get an extra rider for some extra $$. The same goes for the sports person who has lots of money in guns. Loran Yourk AT&T Technologies
ark@alice.UucP (Andrew Koenig) (09/24/86)
> Check your home owners policy, most will cover a PC at home. I have > Shelter Insurance and I remember when I checked there was no limit on > cost. If the machine is used for a business you should get a separate > policy, at least that is what my agent told me. Maybe yes, maybe no. I can think of at least three reasons a PC at home might not be covered: 1. Your policy might explicitly exclude computers. 2. You may have a ceiling on personal property losses. 3. Your policy might exclude property used to produce income. I understand there can be a tricky problem with PCs owned by employers. The general principle that applies is that you cannot insure yourself against someone else's risk. Thus, before you can ask whether you are covered for loss of a PC owned by your employer, you must ask who would pay for the loss if you weren't covered. If you would be liable, then you can insure against it. If your employer would be liable, then you can't insure. I have seen some employers who, when they lend employees PCs, say: "If this machine is stolen, you should file a claim against your homeowner's insurance." As far as I know, such a claim could only be valid IF YOU WOULD HAVE TO PAY FOR THE LOSS IF THE CLAIM WERE DENIED.