 New York State | DRickard Insurance "Your Favorite Insurance People" | Contact Us |
| New York State | DRickard Insurance "Your Favorite Insurance People" | Contact Us |
| DRickard Insurance | Contact Us |
Your Favorite Insurance People
607-843-8860 insurance@drickardinsurance.com
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Tales Of Woe* *Unless you keep your agent and insurer informed. These are cautionary insurance tales of real or dramatizations of real life scenarios.
Who is working on your property? A Contractor
You may respond: “A contractor is working on
my property. She is well known and does good work.” However the “ripped from the headlines” version of
the story is that this contractor who was working on electrical wiring
only had $50,000 of liability insurance. So when her faulty
craftsmanship was the cause of a fire that destroyed a $450,000 barn and
killed 20 cattle and 128 bales of hay there was not enough coverage in
her policy to cover the real property damage.
The loss goes beyond the physical property. The
farmer needed to send the remaining cattle away because there was no way
to milk the cows, so additional expenses were incurred. In the
meantime the mortgage and other expenses did not stop, so the loss of
income bankrupted the farm that included the residence premises of the
insured. Who knows what the residual family difficulties will
cause? What was the solution? Every time you hire a
contractor, get a currently dated certificate of insurance showing that
the policy has enough coverage in it to cover all of the damage if the
structures involved are destroyed and residual effects of
the loss. Do you need help figuring these things out?
Contact us 607 843 8860
insurance@drickardinsurance.com
The Tenant A Tenant
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