Fish Tanks and Your Insurance
When thinking of getting a new fish tank, there are a few things that might run through your mind. Where will you put the tank? What type of fish will you get? Fresh water or salt water? And you may be wondering whether or not your current homeowner’s or renter’s insurance will cover you if you buy yourself a fish tank. Great question!
If you scour the internet looking for an answer, you may find yourself even more confused than when you started. There are a few aspects of your fish tank that can be tricky when it comes to insurance. It is very important that you read your own personal policy to find out what it covers and what it does not.
First, understand why having a fish tank in your home may be considered more of a risk than, say, having a new sofa. You may look at it as just another piece of furniture that is extra special because it contains beautiful, living creatures. However, insurance companies see it as a potential for excessive water damage if it were to break. You may also worry about the fish themselves and what would happen if one of them passed away.
Some homeowner’s or renter’s policies do cover water damage done by fish tanks while others do not. Some cover tank parts as well. None of them will cover the fish themselves because they are not considered property, rather livestock. For the policies that do cover some of the issues with fish tanks, regardless of the tank and all its contents you must remember that your homeowner’s or renter’s insurance policy has a deductible that must be met before coverage will kick in.
Your best bet is to call us and discuss your own personal insurance policy to find out what it covers and what it does not when it comes to your fishy friends and their home.