[SBU Board] SBU - insurance for trailer and contents

[Patti McCallum]

Thank you for your effort to research.  I feel that insurance is to protect
you from a financial crisis.  It looks like there would be nothing which we
can not handle if things were to be lost.

On Mon, Feb 4, 2019 at 9:53 AM Monty Gray <mlgrayjr at gmail.com> wrote:

> To save time at tonight’s meeting, I can report on the issue of insurance
> for the trailer and its contents, which John and I were asked to
> investigate.
>
>
>
> We were unable to find anyone who would issue such a policy.  Further, the
> insurance people that we spoke to (or, in one case, that David Taylor spoke
> to) speculated that if anyone did write such a policy, the annual premium
> might be in the range of $500 to $1000, and the policy might have a
> substantial deductible as well.  This seems excessive, given the low risk
> of loss and the relatively modest cost of replacement.  Based on craigslist
> listings, we believe that we could replace the trailer for approximately
> $8,000; and David estimates that the contents (mostly tables and chairs)
> could be replaced for a similar amount.
>
>
>
> We are in a position to continue to self-insure against damage or
> destruction of the trailer and its contents, as we have been doing.  If
> necessary, we could liquidate a portion of the CD that we have on deposit
> to obtain the funds needed for replacement.
>
>
>
> Monty Gray
> (206) 369-6444
>
>
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-- 
*Patti McCallum*
*To have a full deck later in life - **Play Bridge*




*ACBL accredited teacherStar teacher award Certified directorHome
206-789-4742Cell 206-910-7075*
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