Insurance Cover Fish Tanks?
Does homeowners insurance cover fish tanks? – Before a claim situation happens, you should know what your homeowner’s policy covers and what it doesn’t. When it comes to homeowner’s insurance, one question that always seems to come up is whether it covers pets, particularly fish and fish tanks. There is no simple solution to this issue because pet ownership involves a variety of factors.
Animals are not insured for injury or death when they are kept as pets. They aren’t considered property or named insured. There is specialised pet owner’s insurance that will cover you in these situations. In most circumstances, however, liability caused by your pet will be covered. That means if your cat gets loose and destroys your neighbor’s prize-winning rose garden, your fish tank insurance will almost certainly cover the costs.
However, the dynamics of pet fish are slightly different. They require a specific living environment, which can present difficulties if something goes wrong. The harm produced by the water in your fish tank could be severe if it breaks. Water damage may or may not be covered by your homeowner’s insurance policy.
It’s critical to study your homeowner’s policy to see how it applies to dogs. Of course, you can look for solutions on the internet, but they could not be correct in terms of your own insurance policy. While most policies are similar, each contains unique features that are unique to the insured. If you have any questions about any coverage that you don’t understand, contact your agent.
Most aquarium insurance policies do not cover losses caused by catastrophic aquarium failures, leaks, or overflows, and most do not cover livestock loss. However, if the worst happens, policies can start at a reasonable price and cover the cost of repairs to your property or those living below you.
This issue appears to be rife with ambiguity, and I don’t see it getting much clearer any time soon! What is covered if you have an accident with your aquarium, big or small? What isn’t there? Is it possible to be sued? This article will correctly put you when it comes to an understanding of what you need to know about coverage.
As an aquarium owner, I conducted a lot of research to find simple answers to becoming insured, only to discover that there are no simple answers to insurance! Please continue reading to find out what I found and what we need to know…
Do You Own Your Home Or Do You Rent?
Before you even consider insurance, you must first determine whether or not an aquarium is permitted in your rental property. Do you even know if an aquarium is allowed? These are questions to which you should seek answers from your written “Rental Agreement” or the property owner in writing.
To protect yourself from an issue, you should always acquire any clarification in writing and have it signed and dated! For example, being denied permission to keep an aquarium and then failing to obtain insurance is a sure-fire way to be sued!
So, you’re permitted to have an aquarium, which is OK, but what happens if your 100-gallon tank busts 5 minutes after you leave for work, causing water to stream through your neighbor’s ceiling? In a nutshell, renter’s insurance.
As a renter, you should have this insurance to protect yourself and your landlord, but when shopping for a new policy, make sure to ask about how your aquarium can affect the procedure.
Most insurance may cover the cost of water damage caused by a leak or explosion, as well as the expense of a fire caused by faulty aquarium equipment. You might also be covered if your landlord decides to sue you for damages, lost revenue, and other things.
The cost of replacing your aquarium, equipment, and livestock, on the other hand, is unlikely to be reimbursed.
Some insurance companies may recommend that you purchase a separate ‘Liability Policy’ to cover your aquarium, which is usually only a few dollars more each month.
I use the term ‘MAY’ a lot because it varies from company to company, state to state, and nation to country, according to my study talking to insurance firms. You’ll need to speak with a LOCAL agent in your region and find out exactly how long you’re insured for.
For an average 1000 sqft unit, most Rental Insurance coverage I inquired about cost $15-30 per month.
Owner of the property:
You should have your overall home and contents insured as a homeowner. Most plans may cover damage caused by an aquarium-related catastrophe, as well as the expense of cleanup and repairs to not only your property but anyone else who was impacted.
Like a renter’s insurance, asking an agent about “aquariums” can result in various responses, even from the same firm. Of course, aquariums aren’t often called into question, but the cleanup expenditures are always enormous when they are.
You’ll need to double-check your policy to see exactly what it says, and if you need to clarify something in writing, I recommend going to a local office and speaking with an agent directly. The call center agents are inexperienced in dealing with these situations and have limited influence in determining what you require.
I called a lot of them! But, unfortunately, I frequently heard the response, “Let me check with my supervisor.”
Risky Truth about Fish Tank Insurance – is it Worth?
We’ll go through the many forms of aquarium insurance you can get, how homeowner’s and renter’s insurance could cover your fish tank, and some helpful hints to help you select a good coverage.
What Is Aquarium Insurance and How Does It Work?
There are aquarium insurances required, but you may already be insured if you have home or renter’s insurance. However, we’ll get into the specifics of how homeowner’s and renter’s insurance operate with aquariums later. For the time being, we’ll go through what aquarium insurance is and what it covers.
Many individuals are unsure about aquarium insurance due to the ambiguity surrounding the topic. The majority of consumers want to know if they’ll be covered if their aquarium has a catastrophic failure. In addition, some renters are concerned that a fish tank catastrophe may result in them being sued.
Every buyer will have a unique aquarium insurance coverage, where a lot of the misunderstanding arises. You may need a different form of insurance than you think, depending on what’s live within your aquarium. If you have a tank with species like starfish and sea turtles, for example, your policy would be different than if you had a simple aquarium in a restaurant.
Those of you have exotic fish in your aquariums and need to look into other types of insurance. Exotic fish are usually covered under a different kind of policy and require a separate insurance policy.
Insurance Policies Types
- Standard Aquarium
- Marine Life Aquarium
- Exotic Fish
#1 Standard Aquarium Insurance Policies
If you have a typical aquarium of any size, whether it’s a ten-gallon tank or a fifty-gallon tank, you should consider purchasing liability insurance coverage. As a result, you’ll need something that encompasses more than simply the aquarium and the fish that dwell within it. Depending on where your aquarium is located, you should also consider if you’d be liable if it broke.
If your aquarium breaks, for example, someone could be harmed by the glass pieces left behind. You could also end up causing water damage to the facility where the tank is located. You’ll also want to think about it if your tank bursts and destroys someone else’s valuable rug or antiques.
#2 Insurance Policies for Marine Life Aquariums
If you own a commercial marine life aquarium, you’ll need to think about insurance coverage that will cover the property. Regrettably, most marine life tank insurance policies are relatively expensive. You’ll require more than a conventional liability policy. Instead, it would help if you looked into a zoo policy, which would cover responsibility for guests, the aquarium’s location, and the creatures inside the tank – for more information, contact K&K Insurance.
These plans aren’t inexpensive, but they cover all of the commercial risks of putting an aquarium on display. You’ll be protected for items other than your aquarium, too, such as:
- Basic business risks
- Company vehicles
- Emergency vacating
- Workers’ compensation
- Event cancelations
- Crisis response
Zoo plans are available from companies like AARP and Progressive, and they often have a $500 to $2000 deductible.
#3 Exotic Fish Insurance Policies
If you have any exotic fish, you’ll need insurance that goes beyond your typical aquarium policy. Because most basic aquarium insurance policies do not cover exotic fish, this is a problem. As a result, most persons who enjoy collecting exotic fish also apply for unique processes surrounding their fish collections. This procedure is similar to Jennifer Lopez’s famous rear end being insured.
Exotic fish can cost several thousand dollars, and they also require a lot of money to stay alive. As a result, you’ll need to select a business specializing in high-risk, high-value coverage for specialized industries. As a result, you won’t be able to buy this type of policy from the same company that insures your car. Some providers, such as Hartford, provide guaranteed coverage for fish tank fish.
Aside from these standard fish tank insurance policies, your fish tank may already be insured depending on whether you own or rent your house and what form of insurance you have. However, a lot depends on how your insurance contracts are worded. First, we’ll go over how renters’ and homeowners’ insurance can help you protect your fish tank.
If you rent your home, you should have fish tank insurance.
If you rent your home, you’ll need to make sure you have permission to put your fish tank on the property (Pet Agreement.pdf Example) before you even think about acquiring insurance for it. Because of the potential for damage, some rental houses will not allow you to have fish tanks. If you’re not sure, read your Rental Agreement or ask the person who owns the property for written permission to keep your fish tank in your rented space.
You should do the following if you have written permission:
First, sign the agreement with the property owner.
- Make sure the agreement is also signed and dated by the property owner.
- If the property owner signs and dates the agreement, you will be safe in the event of an incident.
You could be sued if you put an aquarium in your rental property only to find out later that you were never allowed to have one there in the first place.
Insurance If You Are Permitted to Keep a Fish Tank
Let’s pretend you have written permission from the property owner, and you know you’re authorized to have a fish tank. That’s fantastic news. What will you do, though, if your fifty-gallon aquarium bursts after you’ve left for work? Water is now dripping into the flat of the individual who lives underneath you. Renter’s insurance comes in handy in this situation.
Whether or not you own a fish tank, you should always carry rental insurance if you are a renter. Renter’s insurance covers you, your employees, and your landlord. In several states, those who rent space are required to apply for renter’s insurance. Regardless, if you have an aquarium and are looking for renter’s insurance, the most important thing to remember is to pick coverage that covers your fish tank.
Some of the following are covered by most regular renter’s insurance policies:
- If there is a leak or the fish tank bursts, water will cause damage.
- Protection in the event of a fire caused by the fish tank’s equipment.
- If your landlord sues you, you’ll be protected.
Most ordinary renter’s insurance policies, on the other hand, do not cover the following:
- The expense of replacing an aquarium
- Aquarium supplies are expensive.
- The cost of your livestock
Some insurance providers may let you add a rider to your policy to include coverage for your aquarium.
Below, we’ll go through a lot of this information in further depth.
Because most renter’s insurance policies do not cover your fish or aquarium cost, you may want to consider purchasing an aquarium-specific policy. If you have exotic fish worth hundreds of dollars, you should also consider exotic livestock insurance.
Some renter insurance companies may need you to purchase additional liability coverage to protect your aquarium. That usually only costs a few dollars per month and isn’t too expensive. This concept, however, differs greatly depending on the firm you use and the state in which you live. As a result, you’ll need to contact local insurance agents to determine what coverage you’re eligible for.
What Is Covered by Renter’s Insurance?
#1 Can a Broken Fish Tank Be Replaced by Renters’ Insurance?
The renter’s insurance does not cover a shattered fish tank. Because you have renter’s insurance, you won’t be able to get your fish tank fixed if it breaks. While most sorts of personal goods are protected by what are known as “designated hazards” in renter’s insurance, such as wind, fire, and so on, a manufacturing failure isn’t. So, even if your fish tank breaks out of nowhere, you won’t be protected and won’t be able to obtain a replacement.
Let’s imagine, on the other hand, your house was broken into, and everything inside, including your aquarium, was destroyed. Your aquarium would then be considered a total loss. Because a break-in is deemed vandalism or deliberate mischief, this is the case. Both of these problems are covered by your renter’s insurance because they are considered typical risks.
#2 Will, my renter’s insurance cover my water damage liability if my tank bursts?
Your renter’s insurance may not cover your liability for water damage if your fish tank breaks for any reason. If the insurance provider decides that the fish tank breaking is considered pet damage, the problem will not be covered. Pet damage isn’t covered by renters’ insurance, even though it’s very likely to occur if a renter has a pet. Unfortunately, we are all aware that tanks can crack and leak, causing damage from time to time.
#3 Will My Renter’s Insurance Cover My Aquarium If It Is Stolen?
Renter’s insurance should cover the cost of your aquarium if it is stolen. When this happens, the renter’s insurance will replace the stolen items. Therefore, if your tank and any of its parts, as well as any of the objects inside the tank, are stolen, you may be able to replace them. While this is excellent news, it also means that your expensive fish will remain unprotected.
#4 Will I Be Covered If My Aquarium Pump Causes a Fire?
A large amount of electricity is required to run an aquarium. This is how the electricity works:
- Your pumps
- The rest of your fish tank equipment
While those devices are typically built to perform well around water, there is always the chance that the equipment could fail and an electrical fire would result. If your aquarium pump causes a fire, your renter’s insurance policy will cover you.
#5 Will My Renter’s Insurance Liability Cover My Fish Tank?
Any liability imposed on you if something goes wrong with your fish tank will be covered in most situations. However, this does not imply that your fish tank, fish, or equipment will be replaced. The harm that your fish tank may cause as a result of your liability will be covered.
Remember that when you require liability insurance, you usually did something careless that created the fish tank problem. Let’s imagine you had way too many plugs plugged into a single power strip. We can all agree that’s irresponsible. Your renter’s insurance will cover you if you create a fire or any other damage due to your actions.
It’s a good idea to obtain renter’s insurance even if your pump stops working for no apparent reason. If someone tries to sue you because of something that happened with your fish tank, your renter’s insurance will cover you. Even if you are proven irresponsible and liable in court, your renter’s insurance will cover the costs. So you can see why having renter’s insurance is necessary if you own a fish tank and rent.
Insurance for Fish Tanks If You Have Your Own House
A homeowner’s insurance coverage may provide you some leeway with your fish tank if you are a homeowner. Homeowner’s insurance usually covers your home and its contents. The damage your fish tank may cause, the clean-up charges, and any repairs you may need to make to your home or anybody else’s home that the incident may have damaged are typically covered.
When you talk to insurance companies regarding fish tank coverage and homeowner’s insurance, you’ll notice that it’s a lot like talking to them about renter’s insurance, even if they’re the same company. Ordinary insurance policies don’t cover the majority of fish tanks. However, if you have an accident with your fish tank, you may have to pay a lot of money to fix it. Check with your insurance agent and policy to discover if you’re covered.
Homeowner’s Insurance and Water Damage
Water damage is covered by most homeowner’s insurance policies, which is quite normal. Unfortunately, this sort of insurance usually only covers the structure and not the personal belongings within the house. A lot of it has to do with the terminology in your insurance policy. Most homeowner’s policies cover various sorts of direct physical loss, depending on how they are structured, but there are still some exclusions.
However, your personal property is usually only covered by the items specifically included in your policy. As a result, if your personal property isn’t explicitly specified in your insurance policy, you may have substantially less coverage. So, now that you know that, would you include water damage from a ruptured bed or a fish tank as part of your plan?
Yes, it’s possible. However, it’ll depend on your policy’s wording. For example, most homeowner’s insurance plans cover personal goods for water damage in the following ways:
- Water or steam coming from your plumbing or heating
- Water or steam coming from your air conditioner
- Fire protection
“Appliances for the Home”
You should also check to see if your policy defines what constitutes a “household appliance.” If your plan doesn’t have a clear definition, the insurance provider will use the term’s ordinary meaning. Unfortunately, this creates a lot of ambiguity, and the insurer or the individual who drafted the original document will have the final say on what constitutes a domestic appliance.
According to Merriam-online Webster’s dictionary definition, a household appliance is “an instrument or gadget designed for a certain application or function.” Therefore, when trying to determine whether a fish tank or a waterbed would be covered if they burst, we can utilize the dictionary definition to determine that these objects fulfill the traditional purpose of a domestic appliance.
An aquarium fits the definition of an appliance because it is built for a specific purpose: to keep fish in a tank for the delight of individuals in the vicinity. A waterbed is already regarded as an appliance by the majority of people. As a result, these objects would be classified as appliances per the dictionary’s definition. The issue is that the insurer may choose to define them differently. As a result, the language in your insurance policy might have a significant impact on your coverage.
Water Damage on the Inside
Internal water damage is usually considered one of the risks covered by a regular homeowner’s insurance policy. Therefore, if you have an insurance policy covering internal water damage, you are already covered if your fish tank breaks and causes water damage inside your home.
Assume your fish tank breaks within your home, causing some inside damage. What is covered under your homeowner’s insurance policy if you have interior water damage coverage? You’ll be substituted for the following:
- Any destroyed carpeting
- Any wood flooring that gets damaged
- Wall damage
- Personal belongings that are destroyed due to the leak
However, is the fish tank covered, and will the fish tank be replaced by the homeowner’s insurance policy? It all depends on why the fish tank broke in the first place, as well as your homeowner’s insurance coverage. Let’s take a closer look at that below. You would most likely not be covered for your tank if it broke due to one of the following:
- Because of your carelessness or maltreatment of the tank, it was damaged and eventually broke.
- You haven’t been properly maintaining the tank.
- Your tank was overfilled.
If any of the scenarios above are true, your insurance provider will not cover the expense of replacing your tank. In addition, if the tank bursts owing to your negligence, your insurance company is unlikely to pay for the damage. You’d very certainly require separate coverage to cover the tank, but the damage caused by the tank would be covered.F
What To Look For When Buying A Policy?
Insurance firms prefer to tangle us up in the fine print of our policies. So they’ll write your policy in a language that most of us won’t comprehend and then use those words to interpret the circumstance as THEY see fit.
Here are a few examples of what you might hear:
Flooding occurs: When the water rises from beneath the house. Not from the incident with the aquarium.
Sump Failure: This refers to your home’s groundwater sump, not the sump beneath your aquarium.
Water Beds and Hot Tubs – Your aquarium may or may not be classified the same as these in-home water storage devices by your insurance company.
Is it the same thing if your dishwasher or washing machine leaks as if your aquarium leaks?
Look for any language that refers to an aquarium and have your local agent spell out EXACTLY what that term means in writing.
If you leak, have them explain what damage is covered and what is not.
Knowing what to prepare for and maybe avoiding a calamity begins with understanding your policy. It’s also essential to see if you’ll need to look for a different insurance company to meet your needs.
What Are You Covered For And What Aren’t You Covered For With Aquarium Insurance?
This is not an accurate description of what is covered but rather a summary of what I discovered during my study. Your own policy will determine your coverage. This is merely a suggestion.
- If your aquarium leaks or explodes, you might be covered for the damage, cleanup, and repairs to your home and any other people who are affected.
- You’re covered if your aquarium catches fire.
- You are insured if someone breaks into your home and takes your equipment or aquarium.
- You’re insured if someone breaks into your house and damages your aquarium.
- You might be covered if you forget to turn off the water and flood.
- You may be covered if your landlord sues you for negligence.
- If your aquarium leaks, you are not covered for aquarium or livestock replacement.
- You may not be covered if your insurance states explicitly, “Any damage caused by pets or aquarium.”
- The loss of power at your home is not covered.
- Hurricanes or floods may not be enough to compensate you for your losses.
What to Know About Aquarium Insurance?
- Your coverage may be affected if you move across state borders. Even within the same organization, each state may have its own set of rules for your coverage.
- If you move, double-check your policy with a local agent!
- NEVER ASSUME; ALWAYS GET CLARIFICATION IN WRITING!
- Check to see if your insurance policy or rental agreement has an aquarium size limit.
- Compile a list of all of your equipment replacement costs and double-check that your policy’s coverage is adequate.
- Repair and replacement costs have ranged from $15,000 to $100,000!
- Keep track of this figure as the years pass (you’ll be shocked at how much gear you have!!)
- It’s all in the phrasing when it comes to claims. However, outright lying will get you in trouble.
Tips for Choosing a Better Aquarium Insurance Policy
- Inquire if the agent has ever dealt with an aquarium situation. Consider speaking with an agent who has handled similar cases.
- Ask your friends and family if they know anyone who works as an Insurance Claim Adjuster. They’re the ones who come out to look at the damage and make the ultimate decision on your compensation. They might be able to help you. The agents are only trying to sell you their wares.
- If your current insurance carrier cannot provide coverage, it is time to shop around for a new one.
- Inquire on your forums about any aquarium owners that are local to you and who they utilize.
- You might be able to add an ‘Add-On’ to your policy to cover your aquarium only.
- For further savings, consider ‘bundling’ your policy with your existing insurance coverage, such as vehicle insurance.
My advice is to go to one of the excellent insurance agents or brokers in your area and speak with them face to face about the specifics of what you have and what you can be protected for. Then, look around to find which companies can provide you with what you need.
The cheapest coverage may not be the finest! For example, if you’re on a low income, a $1000 deductible will not get you a new tank if you have an accident!
Always make sure you know what you’re covered for and what you’re not. Being irresponsible and attempting to deceive an insurance provider might get you in a lot more trouble than a flooded floor!
Please read up on aquarists who have been in accidents and attempt to learn from their mistakes and advice if you ever find yourself in a similar scenario!
Insurance may appear to be a burden or an “Additional Cost,” but the cost of a pizza once a month is not worth months of restless nights because you are being sued!