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Old 05-02-2015, 01:46 AM
 
10 posts, read 15,379 times
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I guess they mean because at some point (in over twenty years) they will be harvested for profit. At the time they are harvested there would be trucks coming onto property to cut/haul them off. So, that is the only thing that I can think of. Therefore they stated I was not eligible with their company as I had business exposure!
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Old 05-02-2015, 09:16 AM
 
Location: Florida
4,988 posts, read 4,381,186 times
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I think from all the posts your problem is you need to split the home out from the rest of the property. Looks like you have a business of growing pine trees and that should be insured separately from the home. Does not matter who planted them, you bought them. I think you need to find an insurance broker that can look at the property and tell you how to split it up to get the best insurance rate. In fact you might have the best rate for property.
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Old 05-04-2015, 07:29 PM
 
9,840 posts, read 3,681,149 times
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I agree with the poster suggesting you break out the trees from the rest of your property.

perhaps talk to someone in the industry or find a forum where insurance dudes can help.


A while back I had a property that was considered way to risky and the value was very much reduced. So I talked to my uncle who was in the insurance field (different country) and he gave me some solid ideas to follow... in the end I used a policy to protect a new owner thus negating the issue for cents on the dollar....

I suggest you consider talking more, and find out how to legally separate your home from the biz...
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Old 05-04-2015, 10:40 PM
 
10 posts, read 15,379 times
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I can't legally separate as the mortgage is on all ten acres the home. these trees if ever harvested we're looming at twenty years probably, so I'm not sure why it would be deemed business right now. When harvesting I can see because of trucks etc but we're looking at twenty years out. I don't want any coverage on these trees at all. I would be willing to sign a release of liability and statement that it's not a active business. Not sure that I have any option to split at all except to maybe sign a release of liability.
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Old 05-05-2015, 11:04 AM
 
Location: Florida
4,988 posts, read 4,381,186 times
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Quote:
Originally Posted by dreaminofthetropics View Post
I can't legally separate as the mortgage is on all ten acres the home. these trees if ever harvested we're looming at twenty years probably, so I'm not sure why it would be deemed business right now. When harvesting I can see because of trucks etc but we're looking at twenty years out. I don't want any coverage on these trees at all. I would be willing to sign a release of liability and statement that it's not a active business. Not sure that I have any option to split at all except to maybe sign a release of liability.
The problem is if someone got hurt on your property or a fire started in the trees you are liable.
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Old 05-07-2015, 03:36 PM
 
Location: Near Nashville TN
7,201 posts, read 12,614,198 times
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Quote:
Originally Posted by folkguitarist555 View Post
just educating myself on this I guess....this whole homeowners insurance thing is the scary part about buying in FL....imo...
Add to that sink holes, flood surges, outrageous electric bills, high car ins.... that's a good part of the reason we're still living in TN.
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