Posted by:
AbsoluteApril
at Fri Jun 13 11:24:22 2008 [ Email Message ] [ Show All Posts by AbsoluteApril ]
This is a repost of some info I had posted on this forum about 3 or 4 years ago... premiums always go up, so expect the cost to be higher now-a-days:
"For example… to insure a collection in the amount of $300,000 for Mortality and Theft coverage, with an annual aggregate deductible of $10,000, the yearly premium would be approximately $11,500. Of course lower deductibles increase the annual premium cost and higher deductibles lower it. A 1% deductible (in this example, that would be a $30,000 deductible) the yearly premium drops to approximately $5,000. A claim for loss against the policy would also increase the premium dramatically.
Again, please note, the example above is just that… an example. They evaluate each collection on a case by case basis. The application for the insurance is very thorough, asking for the type, age/hatch date, breeder, markings, etc. It also asks for detailed information about their security, caging and health. All of those factors as well as some additional considerations are what determine the actual price. I just thought it would be nice to provide an example of a quote. Obviously this is something made for people with large collections and in general is not cost effective for someone with only a few snakes.
I just thought this was interesting!
Enjoy!
-April"
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'There is a very fine line between "hobby" and "mental illness."' -Rainshadow
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rates - AbsoluteApril, Fri Jun 13 11:24:22 2008