Have you recently purchased an expensive telescope? It is easy to spend thousands of dollars high-quality gear. Do you wonder if home insurance for telescope protection is enough, or do you need a separate policy?
We need to ask an important question, first. Do you only use your telescope at home, or do you take it on the road with you? The answer to this question may determine what is the best direction for your coverage.
Homeowner’s insurance normally covers items in your home, or in your yard. You need to notify your insurance company of any expensive additions to your policy, since it may change your rates. Your telescope would qualify as an item which needs to be listed on the policy, or it may not be covered.
Do not trust your homeowner’s policy to cover your telescope unless you have directly asked the company. Some companies exclude items which are considered “hobby” purchases, since they are not essential to your life. You may need to have a rider added to your policy to extend the policy to cover your telescope. Make sure you mention how you use your telescope, too. Do you always keep it indoors, or do you regularly move it outside for better viewing. This slight change of location could affect if your telescope is protected.
Make sure you ask your agent, or the company, what types of incidents are covered by your homeowner’s policy. You want to make sure it includes theft, accidental damage, and acts of nature.
Taking your telescope on the road changes everything. Home insurance for telescope protection may not cover when it is off premises. Your auto insurance may cover damage to the telescope if it is caused by an auto accident, but you need to verify this with your agent.
If you plan on taking your telescope on the road, it is advisable to get a policy that covers your telescope. This standalone policy will be more expensive but is the only way to have complete coverage away from your home.
There are two places to ask about this type of insurance. The first is with your current insurance provider. You can frequently get a discount since you are an existing customer. They may add an extended coverage to your existing policies.
The second alternative is to ask the business where you purchased the telescope. Most stores partner with insurance companies who specialize in covering expensive astronomy equipment. The cost may be slightly higher, but commonly the coverage is better. Either way, getting insurance coverage for your telescope is a wise investment.