Primitive1 Posted January 14, 2012 Report Share Posted January 14, 2012 I guess this is my week, I just got my business coverage renewal and it went up do to a (ready for this?) "terrorism clause"! Huh? I am thinking that my basement is the last place I would have to worry about that? I think I need to give them a call...... by the way, why didn't the post office loose this one? Link to comment Share on other sites More sharing options...
Quilting Heidi Posted January 14, 2012 Report Share Posted January 14, 2012 ROFLMAO Vicki. Are you sure they didn't see the smoke rising from your house when you got the mess from the post office? That is pretty funny! Link to comment Share on other sites More sharing options...
ffq-lar Posted January 14, 2012 Report Share Posted January 14, 2012 Too funny! Did you check to see if the up-charge also included damage from an elephant stampede or getting a bird sucked into the motor? Link to comment Share on other sites More sharing options...
aleksich Posted January 14, 2012 Report Share Posted January 14, 2012 :P:P You know us quilters out there are going to get you!!! We will be making fabric balls to throw at you. Link to comment Share on other sites More sharing options...
Heritage Keepsakes Posted January 14, 2012 Report Share Posted January 14, 2012 You are so funny!! I can't stop laughing!!!!! How stupid, a terrorism clause. What would they want...., fabric, the Mille, thread? No wait a minute, I know,.....that magazine cover you received earlier this week that was minus it's magazine. Just point them in the direction of the post office!! Link to comment Share on other sites More sharing options...
Wingsthing Posted January 15, 2012 Report Share Posted January 15, 2012 We had the option to reject the coverage. Link to comment Share on other sites More sharing options...
Primitive1 Posted January 15, 2012 Author Report Share Posted January 15, 2012 Do you think I should? You never know...... Link to comment Share on other sites More sharing options...
Gator Posted January 15, 2012 Report Share Posted January 15, 2012 OMG, I haven't seen any quilter's names in the reports I get at work. Ok, who sewed their scissors in a quilt and ran it through the xray machine at the airport??????? Vicky, what insurance do you have? Dare I ask the price? Link to comment Share on other sites More sharing options...
quilted charm Posted January 15, 2012 Report Share Posted January 15, 2012 Well, I was just looking over our house insurance policy because it went up over $500.00 in one year. The only reason they gave was: too many applications for credit, too many credit cards with low credit limits, and unusual requests for credit!. REALLY? The only new credit I got in the last 24 months ( that's 2 years by the way) is my card for my business. It's one card! And why would a low credit limit have anything to do with my insurance policy anyway? I think I'm going to do some insurance shopping this week. Really, it's darned if you do and darned if you don't when it comes to credit. Link to comment Share on other sites More sharing options...
cjtinkle Posted January 15, 2012 Report Share Posted January 15, 2012 My business insurance went up to $800 this year, I also had the terrorist clause! I'm with USAA... I think I'm going to be doing some shopping, that's ridiculous. Link to comment Share on other sites More sharing options...
Primitive1 Posted January 15, 2012 Author Report Share Posted January 15, 2012 I am also with USAA but it went from $500.00 to 585.00....I plan to call them on Tues (since Mon is a holiday). Link to comment Share on other sites More sharing options...
mswings Posted January 15, 2012 Report Share Posted January 15, 2012 That is really bizarre. I don't have business insurance because I don't have a business, but, we have had USAA for close to 40 years and no one could touch their rates. Maybe I should check around. I sure can't complain about their service though. Link to comment Share on other sites More sharing options...
Dave-Jane Posted January 16, 2012 Report Share Posted January 16, 2012 Since 911, there is a law that on commercial policies, the companies are required to offer Terrorism Coverage. You may reject the coverage - contact your agent. You will need to sign a rejection form. This may vary from state to state. Most policies, including homeowners do not cover riot or terrorism - so to have the coverage, you must purchase this endorsement. Prior to 911 - the coverage was not offered by most insurance companies. I guess I would only take the coverage it I lived near the pentagon, wall street or airport!!! LOL Link to comment Share on other sites More sharing options...
ffq-lar Posted January 16, 2012 Report Share Posted January 16, 2012 News flash!!!! A group of Balinese women brandishing rotary cutters descended upon a private residence in Fredericksburg Virginia early this morning, used those rotary cutter and some seam rippers to cut the screens on windows and gain access to a local woman's quilting studio. The only missing items were her so-called "stash" of imported batik fabric. Sprayed on the design wall in spray starch was "Free the Batiks---the Balinese Fabric Liberation Army" who, in an email, admitted to the theft. The owner was heart-broken. She was quoted as saying "I have spent years and untold dollars accumulating those gorgeous fabrics--all one-of-a-kind and irreplaceable." Luckily she had a "terrorism" flyer on her business insurance and she was chanting "Road trip road trip!!" as we ended the interview. Hey....it could happen! Link to comment Share on other sites More sharing options...
Primitive1 Posted January 16, 2012 Author Report Share Posted January 16, 2012 :D:D Well, I am near the pentagon..... Link to comment Share on other sites More sharing options...
RoseCity Quilter Posted January 16, 2012 Report Share Posted January 16, 2012 Too funny Linda! Link to comment Share on other sites More sharing options...
quiltmonkey Posted January 16, 2012 Report Share Posted January 16, 2012 Linda you crack me up! Link to comment Share on other sites More sharing options...
DL Semmens Posted January 16, 2012 Report Share Posted January 16, 2012 Well if I wasn't fully awake before reading this thread I am now. Thanks for the morning laugh ladies! I hate these 4:00 am wake up days! But at least now I'm a laughin..... Link to comment Share on other sites More sharing options...
Dave-Jane Posted January 16, 2012 Report Share Posted January 16, 2012 Cute Linda!!! Love the image!!!! Link to comment Share on other sites More sharing options...
Brenni Posted January 16, 2012 Report Share Posted January 16, 2012 I live 1 mile from the Pentgon. In 2001 the condo policy tripled. It wiped out the reserve funds and has taken our association years to adapt to the new policy changes. This could explain why there are no quilts stores within the beltway. Link to comment Share on other sites More sharing options...
Katydids Posted January 16, 2012 Report Share Posted January 16, 2012 I only wish my business policy was $500.00 or $585.00 vs the almost $1200.00 that it is! Link to comment Share on other sites More sharing options...
Sandra Darlington Posted January 17, 2012 Report Share Posted January 17, 2012 Mine also went up in 2011. I now pay approx $1,000.00 a year. My studio is tiny, so I don't see customers in it; I meet them at my LQS or their home, but never in mine. I feel like cancelling it...but ya never know when it will be needed. Link to comment Share on other sites More sharing options...
Primitive1 Posted January 19, 2012 Author Report Share Posted January 19, 2012 Ok, just as a follow up...I called and found out that the terrorism clause is optional and that previous to 9/11, no ins. co in the continental US would cover anything that was a result of terrorism, but since 9/11 the gov't has apparently mandated last year that ins. co's could cover damages related to anything like fire caused by a terrorist act. When I explained that I really didn't think anyone would be cutting into my screens with a seam ripper to get to my sewing equipment, he laughed and said it would be more like damage caused by a fire, etc. and I could decline it...so I am trying to decide if I should decline it since I live so close to DC. My DH says for $11.00/yr just keep it.....I was just trying to get my coverage back down to a lower rate. I am thinking that if I have a fire because of a terrorist act, I have more to worry about than my quilting equipment.... Now that the munitions things going on at Quantico are rattling the house, hmmmm, maybe I should keep the clause.... Link to comment Share on other sites More sharing options...
quiltmonkey Posted January 19, 2012 Report Share Posted January 19, 2012 Hey Vicki, Sounds like you are over the flu bug and feeling better. Just food for thought::: I also have USAA insurance for my home and vehicles. But, a year or so ago, I checked with USAA and I found out that USAA does not cover "business" out of my home -- meaning any equipment, etc used to make money is not covered on my USAA policy. They did refer me to a different 3rd party that does specialize in small business ventures. Anyway, I decided to go with State Farm and my premium (which just covers my longarm machine and supplies) is about $350 per year. Link to comment Share on other sites More sharing options...
Primitive1 Posted January 19, 2012 Author Report Share Posted January 19, 2012 Thanks Shana, my policy is with Hartford that is through USAA, I tried several in my area when I was shopping and did not find many who would offer small business ins. When I did check with USAA they told me the same thing, they would not cover business run from my home but referred me to Hartford. My ins. covers my equipment as well as liablility in case someone is in my studio and falls or gets hurt somehow...also covers my customer's quilts as well. Link to comment Share on other sites More sharing options...
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