I'm not very active on this forum, but have been a lurker for quite some time. I posted this on THT as well, for those of you who know it. I'm just trying to get a feel on this before I decide whether I want to pursue it, but it seems like a pretty good deal.
So to be clear: I am not selling anything - just asking options about a hypothetical.
Here goes:
I've recently come across an opportunity that I think might be really beneficial specifically for fishing for gear (and some boating gear like expensive coolers or other not-attached items) protection and thought I'd ask to see what others thought to vet the idea.
Basics:
Works similar to a cell phone protection plan but covers a lot more stuff - nearly everything in your life. Coverage for loss via theft, accidental damage, vandalism, natural disasters, fire, etc.
Coverage in a nutshell:
Any/all gear that is not part of the exclusions. Exclusions are things like any motorized vehicle, (that includes drones) or anything attached to a vehicle including boat, so like outriggers, GPS that isn't handheld, medical devices, and some other items like jewelry and collectibles. If it's a separate stand-alone item not part of the exclusionary list which is pretty small, then it would be covered.
Additionally - and this is the cool part:
It covers ANY AND ALL other types of item you own under the same policy. So for example cameras, laptop, cell phone, bikes, other sporting goods, your TV, A/V Gear if you're a performer, whatever, provided it is not in the exclusions list.
Why I feel this is a good product:
Homeowners/renters/auto/boat policies cover much of this stuff for theft & disaster. Generally accidental damage is not covered. Further, the deductibles are often high. Someone steals a couple fishing rods, some gear and a cooler, often your deductible is too high to make it worth filing a claim. Then there's the whole worry about filing a claim with the potential to increase your premiums. Basically this would be something to bridge the gap for when your Yeti cooler, a gear bag or a couple rods get stolen or busted.
Broad-stroke details:
Keep in mind this isn't 100% finalized and the scenarios are hypothetical.
If repairable, that would likely be required. Ie, cracked cell phone screen = repair, not brand new phone. Drive over it with your car and unrepairable = replacement value minus deductible.
So my question is, do you think this would be of interest - aka would you buy a policy like this?
So to be clear: I am not selling anything - just asking options about a hypothetical.
Here goes:
I've recently come across an opportunity that I think might be really beneficial specifically for fishing for gear (and some boating gear like expensive coolers or other not-attached items) protection and thought I'd ask to see what others thought to vet the idea.
Basics:
Works similar to a cell phone protection plan but covers a lot more stuff - nearly everything in your life. Coverage for loss via theft, accidental damage, vandalism, natural disasters, fire, etc.
Coverage in a nutshell:
Any/all gear that is not part of the exclusions. Exclusions are things like any motorized vehicle, (that includes drones) or anything attached to a vehicle including boat, so like outriggers, GPS that isn't handheld, medical devices, and some other items like jewelry and collectibles. If it's a separate stand-alone item not part of the exclusionary list which is pretty small, then it would be covered.
Additionally - and this is the cool part:
It covers ANY AND ALL other types of item you own under the same policy. So for example cameras, laptop, cell phone, bikes, other sporting goods, your TV, A/V Gear if you're a performer, whatever, provided it is not in the exclusions list.
Why I feel this is a good product:
Homeowners/renters/auto/boat policies cover much of this stuff for theft & disaster. Generally accidental damage is not covered. Further, the deductibles are often high. Someone steals a couple fishing rods, some gear and a cooler, often your deductible is too high to make it worth filing a claim. Then there's the whole worry about filing a claim with the potential to increase your premiums. Basically this would be something to bridge the gap for when your Yeti cooler, a gear bag or a couple rods get stolen or busted.
Broad-stroke details:
Keep in mind this isn't 100% finalized and the scenarios are hypothetical.
- $20/mo for $2000/per claim (not per year) limit.
- Upgrade tiers for up to $10k/claim which would be around $60/mo at the top end.
- Includes lightning power-surge damage. This is potentially big for those of us in lightning areas.
- Coverage extends during travel. Boating to the Bahamas = covered. Flying to Belize to fish = covered. Family vacation in Europe = covered.
- Some limits, such as you can't have more than 2 cell phones on the same plan. This is focused on an individual. However, another family member could have their own plan with additional coverage for their items.
- Includes used/older items. Ie, it covers things you already own including used items you purchased if purchase was documented.
If repairable, that would likely be required. Ie, cracked cell phone screen = repair, not brand new phone. Drive over it with your car and unrepairable = replacement value minus deductible.
So my question is, do you think this would be of interest - aka would you buy a policy like this?
