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Joined: Dec 2021
Posts: 4 Likes: 1
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OP
Joined: Dec 2021
Posts: 4 Likes: 1 |
I can't really find a better place for this question, if there is a more appropriate forum, I can delete and move.
Has anyone insured a pond or dam structure against breaching or failure? erosion / flooding, that sort of thing?
I recently replaced most of a dam on property we bought. the dam spillway was a poor design and had failed a few years back. the pond was almost 12 acres. we hired a contracting company to come in with all new drainage system and about 60+ loads of clay and re-made the dam. it drains fairly well, and I am hopeful it is now more structurally sound.
However, the rebuilding was somewhat pricey. Has anyone had experience with insurance for something like this? the "major" insurance companies I call don't even want to discuss it. I was thinking it can't be that strange of a request.
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Joined: Sep 2003
Posts: 13,746 Likes: 294
Moderator Ambassador Field Correspondent Hall of Fame 2014  Lunker
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Moderator Ambassador Field Correspondent Hall of Fame 2014 Lunker
Joined: Sep 2003
Posts: 13,746 Likes: 294 |
I've never heard of such a type of insurance, but let's see what others have to say.
Excerpt from Robert Crais' "The Monkey's Raincoat:"
"She took another microscopic bite of her sandwich, then pushed it away. Maybe she absorbed nutrients from her surroundings."
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Joined: Aug 2017
Posts: 233 Likes: 15
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Joined: Aug 2017
Posts: 233 Likes: 15 |
If Tina Turner can insure her legs... Lloyds of London
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Joined: Nov 2007
Posts: 3,372 Likes: 605
Lunker
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Lunker
Joined: Nov 2007
Posts: 3,372 Likes: 605 |
Sorry, but I have never heard of that type of insurance.
Huge liability issues would be one potential problem. One scenario is that your dam breaks in a storm and someone is killed downstream during the flood. There could be a lawsuit against you and your dam for contributing to the death.
People on the jury would probably not hold the landowner and his small pond responsible. However, a rich, large insurance company might be a different story.
*** I KNOW my comment is stupid. However, the risk analysis performed by insurance companies has to contemplate a lot of stupid crap these days.
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Joined: Dec 2021
Posts: 4 Likes: 1
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OP
Joined: Dec 2021
Posts: 4 Likes: 1 |
Sorry, but I have never heard of that type of insurance.
Huge liability issues would be one potential problem. One scenario is that your dam breaks in a storm and someone is killed downstream during the flood. There could be a lawsuit against you and your dam for contributing to the death.
People on the jury would probably not hold the landowner and his small pond responsible. However, a rich, large insurance company might be a different story.
*** I KNOW my comment is stupid. However, the risk analysis performed by insurance companies has to contemplate a lot of stupid crap these days. I get it. It has already broken one time however, and when it broke that time the pond was larger than I have allowed it to be currently (it was almost 14 acres back then). from my place it's a fairly straight shot about a mile to the Alabama river. it crosses a road and a railroad but the mile is almost completely uninhabited.
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Joined: Jan 2008
Posts: 8,798 Likes: 68
Chairman, Pond Boss Legacy award; Moderator; field correspondent Lunker
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Chairman, Pond Boss Legacy award; Moderator; field correspondent Lunker
Joined: Jan 2008
Posts: 8,798 Likes: 68 |
Hi Strike and welcome to the forum.
When I added my farm to home insurance umbrella I asked if I could ensure fish [I run a very minor hatchery], well, dams, etc. No dice - at least not with Progressive insurance.
Many men go fishing all of their lives without knowing that it is not fish they are after. ~ Henry David Thoreau ![[Linked Image from i1261.photobucket.com]](http://i1261.photobucket.com/albums/ii582/teehjaeh57/I_subscribe_zps69249d43.gif)
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Joined: Jan 2006
Posts: 16,053 Likes: 277
Moderator Lunker
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Moderator Lunker
Joined: Jan 2006
Posts: 16,053 Likes: 277 |
How would they identify the risk?
Last edited by Dave Davidson1; 12/23/21 08:33 AM.
It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.
Without a sense of urgency, Nothing ever gets done.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
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Joined: Jan 2009
Posts: 28,533 Likes: 838
Moderator Ambassador Field Correspondent Lunker
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Moderator Ambassador Field Correspondent Lunker
Joined: Jan 2009
Posts: 28,533 Likes: 838 |
I would imagine without extensive engineering drawings & calcs AND data during the construction to ensure that it was made to specs they wouldn't touch it with a 20 foot pole.
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