Insurance on your investment

lastlight · #1 12-21-2011, 05:24 PM

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 · #2 12-21-2011, 05:37 PM

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 · #3 12-21-2011, 05:48 PM

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.

Mrfish55 · #4 12-21-2011, 05:59 PM

Most policies cover water damage, one thing to note is most only cover sudden escape of water, if you have a slow leak over time most companies will not cover, also if you have a tank blow (happened to me once) they will cover damage caused but not the item that caused the damage ( unless someone or something accidentally hits the tank and causes the leak, then you can argue replacement on the tank as well, pray it never happens, salt water causes more damage than you think.

Madreefer · #5 12-21-2011, 05:53 PM

Quote:

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.

SeaHorse_Fanatic · #6 12-21-2011, 08:44 PM

Quote:

Originally Posted by 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?

My 220g with 90g sump blew last September.

MarkoD · #7 12-21-2011, 09:04 PM

Quote:

Originally Posted by SeaHorse_Fanatic

My 220g with 90g sump blew last September.

What was the reason?

lastlight · #8 12-21-2011, 10:13 PM

Quote:

Originally Posted by MarkoD

What was the reason?

I would suspect the stand. In my opinion (just an opinion I'm no expert) it needed some bracing in the middle.

http://www.canreef.com/vbulletin/sho...48&postcount=3

MarkoD · #9 12-21-2011, 10:15 PM

Quote:

Originally Posted by lastlight

I would suspect the stand. In my opinion (just an opinion I'm no expert) it needed some bracing in the middle.

http://www.canreef.com/vbulletin/sho...48&postcount=3

lol thats exactly what it needed. i cant believe that stayed up at all. usually if its just 4 posts and no cross bracing the thing would just twist like crazy

cwatkins · #10 12-21-2011, 11:03 PM

I think most home owners policies would cover an aquarium flood. Probably just tenant insurance would require the extra rider.

I specifically asked my broker in the summer and even though they don't cover damage from pets, an aquarium isn't considered a pet, so the damage is covered. But I'd probably need an extra rider for the equipment, but the deductable wouldn't be worth it.