From: Patent Tactics, George Brock-Nannestad
Hello, Marie and all concerned,
earthquakes and floods like those in Queensland are considered Acts of God
and are usually excluded from insurance coverage. The reason is that so many
insured are hit at the same time that the re-insurance companies (that is,
the companies that insure the insurance companies against coincidental cash-
demanding requests) would go bust.
In Denmark, there is a state fund that provides some coverage for anybody who
is hit by flooding, whether by extreme rainfall or storm surges, and a
committee decides whether a particular event is to be classified as flooding.
Physical protection is the only protection there is, in particular if you
hold unique items, which archives mostly do, whereas libraries usually have
things that can be replaced.
> I believe in preparing for the future and anything can happen. No one
> predicted that Christchurch, NZ, would get hit by a 7.1 earthquake, and we
> have had 4328 quakes since Sept 4, 2010. We continue to sustain damage
> each aftershock on a daily basis.
> Never think it won't happen here as it just does, just look at the floods
> Queensland, Australia, they are devastating. You could have an electrical
> fire from you PC, who knows, but never be complacent, be ready and
> for anything......a thug could even decide to nut off in your house and
> sledgehammer all your discs. Think about it, we live in a crazy and
> unpredictable world.
> My advice>>>>>>>>>>Get insuranced now for any event, certainly glad I am.
> 'living on shakey ground'
> On Wed, Jan 12, 2011 at 6:03 PM, Steven C. Barr
> <[log in to unmask]>wrote:
> > From: "Aaron Levinson" <[log in to unmask]>
> >> Dear Friends-
> >> Like many of you I have a record collection that is of substantial
> >> both economic and historical, and in many instances contains items that
> >> so scarce as to be essentially irreplaceable for all intents and
> purposes. I
> >> lie awake at night, in bad humor, imagining the catastrophic loss I
> >> incur if my collection were somehow wiped out.
> >> Apropos of this I have considered an insurance policy to cover this
> >> eventuality. Can anyone here give me their thoughts, experiences and
> >> insights into the pros and cons of such a solution to my insomnia?
> >> This depends on one important question...?! Do you OWN your
> > current living quarters...or are they rented? If the former (own), you
> > should check your "homeowners" policy to see what your contents
> > are insured for/against...then talk to the agent about adding specific
> > coverage for your records.
> > If the latter (rent), you will need to purchase insurance covering
> > the "contents" of your premises. When doing so, you may need
> > to establish exactly what it covers?!
> > I should do this; however, my house has been standing since
> > 1869...and I rigourosly avoid the use of any flame-related
> > devices! As well, Oshawa, Ont'o., Canada is well north of
> > "tornado country" and not in a seismically-active area...?!
> > Steven C. Barr