Phil Ackland
KEC Expert
Insurance
One of the biggest worries for an exhaust cleaning owner is insurance. These people seem presently to come with knives and happily cut their way through your bank account.
But the issue is really a lot more sophisticated than plain thief. The insurance industry is in a state of unequaled volatility and insecurity. What is going to happen during the upcoming hurricane season? What if some new crazy blows up something? In the insurance world these are much bigger problems than any exhaust fire.
But there could be a few (very few) things you can do to get a better handle on what is happening.
The enclosed article sheds some light on the mind of the field. If you have any possible way of doing so, I would strongly suggest you do some research (meaning face-to-face conversations) with some insurance experts -- NOT the ones who are not trying to sell you something. At the time of this writing I do not have anyone specific names to direct you to. If I find someone, look for the information here on this bbs.
Ask these specialists, how the insurance industry calculates risk? What you can do to reduce yours? Note in the article it speaks of insurance companies not wanting to insure buildings that are "pre-Andrew" (the 1992 hurricane in Florida). Can you get some sort of waiver in your policy or in the cleaning contract that you sign that states the non-compliant condition of the exhaust system is not your responsibility?
Watch the market. Stay tuned to what is going on - from their point of view.
Here is a radical idea -- try to find an agent that is really looking out for your interest because you are willing to make a commitment to him (I said it was a radical idea) but again if you don't try, you will only continue to be a piece of meat to them.
You will never know unless you ask.
Let me know how things turn out. Enough for now.
http://www.marketwatch.com/News/Sto...52B-4411-9451-F0E47AC47CD6}&siteid=mktw&dist=
One of the biggest worries for an exhaust cleaning owner is insurance. These people seem presently to come with knives and happily cut their way through your bank account.
But the issue is really a lot more sophisticated than plain thief. The insurance industry is in a state of unequaled volatility and insecurity. What is going to happen during the upcoming hurricane season? What if some new crazy blows up something? In the insurance world these are much bigger problems than any exhaust fire.
But there could be a few (very few) things you can do to get a better handle on what is happening.
The enclosed article sheds some light on the mind of the field. If you have any possible way of doing so, I would strongly suggest you do some research (meaning face-to-face conversations) with some insurance experts -- NOT the ones who are not trying to sell you something. At the time of this writing I do not have anyone specific names to direct you to. If I find someone, look for the information here on this bbs.
Ask these specialists, how the insurance industry calculates risk? What you can do to reduce yours? Note in the article it speaks of insurance companies not wanting to insure buildings that are "pre-Andrew" (the 1992 hurricane in Florida). Can you get some sort of waiver in your policy or in the cleaning contract that you sign that states the non-compliant condition of the exhaust system is not your responsibility?
Watch the market. Stay tuned to what is going on - from their point of view.
Here is a radical idea -- try to find an agent that is really looking out for your interest because you are willing to make a commitment to him (I said it was a radical idea) but again if you don't try, you will only continue to be a piece of meat to them.
You will never know unless you ask.
Let me know how things turn out. Enough for now.
http://www.marketwatch.com/News/Sto...52B-4411-9451-F0E47AC47CD6}&siteid=mktw&dist=