Insurance on your investment

[lastlight]

what's a floor drain?

[monocus]

my tanks are in the basement,which has a 3" subfloor.usualy have 170 gal of mixed water on hand and 10-20 gal of r/o water.my tanks sit on a marble floor ,so it is easy to clean up,and since i have dealt with fire and flood restorations in some of my jobs,i'm faster,cheaper,and do a better job on any damage caused by any accident

[RyanJ]

Yeah, it's a good thing to have everything covered! Just incase! I talked with my broker and I have everything covered up to $100,000, that includes flood damage, theft and whatever elce... Except they do not cover missile attacks.. Or a melisha attack.. But if my tank breaks and takes out everything... They will replace it.. Except large livestock.. No one I have talked to will... But I hear there is a way! You can insure anything!!! For..600 a year.. It's well worth it! And ever better, if someone comes and robs your house.. They will cover that.. So there is wayyy more then one reason to get ur stuff insured!.. Funny thing is that I asked her if my in sump skimmer would be covered if it got flooded and she said yeah.. I had to laugh abit..

[Coralgurl]

I just spoke with my broker and everything is covered if my tank lets go, including equipment, don't need special coverage. The tank is not covered, just any water damage caused as a result of tank failure, this is all covered under my homeowners policy - I have full replacement value type coverage. I keep all my receipts in the stand, think I may move them...do you all have additional coverage or just what is carried in your homeowners policy? My broker used to have tanks years and years ago, so he understands the concern, but he confirmed that I had nothing to worry about.

[Brightwhite]

Great thread Idea! Ill be calling my insurance company asap to find out more info.

[reefgirl189]

Ohhh floor drain, that is a good idea. I wonder if insurance would give discounts for that.

I'm going to mention it to the other half. Which the basement is unfinished it should be easy to put one it. It would be difficult to create the slope the floor needs for the drain but having one in the event of a 180 gal blow out would be worth it.

On another note I was a dummy and forgot to shut off the valve to the RO and I got a nice puddle of RO all over my concrete floor. The RO and all equipment is in the utility room which has a drain but turns out my builder doesn't know how to properly slope the concrete to the drain and it leaked out of the furnace room. Think I should bother mentioning this to him?

[lastlight]

I don't have my water reservoir barrels totally plumbed into my ro/di yet so there is still a need to yank one hose from the unit and plug another in to fill a different barrel. The other night I yanked the line feeding my water change barrel and got the topoff barrel filling. Suddently I feel my feet getting wet... I let the line feeding the waterchange barrel fall to the floor. You can siphon a lot of water out in a minute even through 1/4" !

The floor is solid epoxy though... just walked away and next day the puddle had evaporated =)

[MarkoD]

I'm pretty sure house insurance will cover any house damage caused by a flood from a tank. But why would you insure the tank itself? Seems like a waste of money. How often do tanks give out and flood the floor?

[Madreefer]

Sorry but a little off topic. This is what I did so that if the float valve in my barrel to shut off the RO unit fails to prevent a flood.I put the float valve about 6" down from the top, 2" above that I drilled a hole and put small fitting in and a hose that runs to the floor drain. The float valve has'nt failed yet but at least this just adds a little protection shall it fail. Theres alot of posts about people causing floods due to forgeting to turn off their RO units or the valves sticking.

[Madreefer]

Originally Posted by MarkoD

How often do tanks give out and flood the floor?

More than you would think. I've had a tank start leaking really bad that was only 4 months old as well as a refugium do the same. Brother inlaws did the same. Those were just leakers but theres quite a few posts of actual blow outs or the bottoms failing.