Spixie33
04-02-2013, 08:58 PM
I have been with Costco insurance through Direct Protect for the last couple of years and I was covered for 5 kids plus my own.
Well....I got a letter from Costco saying they were no longer doing insurance so they were redirecting insurance policies to Inova and Aviva.
I got the package from Inova and they cannot cover home daycares. So, I called back to Direct Protect and said I just wanted insurance with them and not with Costco. This time DP seeded my policy out to Co-operators and assures my business would be covered.
So, I get the new insurance docs in the mail and it says 5 kids are covered including my own. That means I am technically only insured for 2 DCKs. Not good.
So I called TD waterhouse because people said they had insurance through them. I got passed to 4 different agents and 1.5 hours later they tell me they max out home daycares at 6 kids including my own and they cannot do 7.
:( :huh::eek:
The agents conversation about daycare insurance was also very strange....
Agent - There are some exclusions I have to make you aware of under our daycare coverage. For example...if a parent slips and falls while coming to your home because your driveway is not shoveled then you would be covered under your regular home insurance but not the daycare insurance.
However if a child is hurt because of something you do then you will not be covered. For example if a child has an allergic reaction because you gave them something they were allergic to then you would not be covered.
Me - What does that mean? Like if a child falls and hurts themselves I am not covered if the parent files a lawsuit?
Agent - That is correct. You would not be covered for that.
Me - Then what is the benefit of having daycare insurance? Because then it would seem that I should be covered by my regular home insurance if a child falls on my property since you said parents falling or others would be covered.
Agent - Not necessarily. There are some exclusions and your home insurance won't cover you if an injury happens with anything related to operating the business.
So now I have such a low opinion of the daycare ryder. It seems like they are skirting a lot of liability before the problem even happens. How can they say if there is something negligent to my care that I won't be covered ? That is the whole point.
I am not sure what to do now. She said that only a specialized insurance broker would be able to cover a daycare ryder up to 7 kids :( I kind of lost faith in the whole thing based on what you hear on the phone vs what the paperwork says.:(:( I am also skeptical now that insurance would really even help if I needed it.
Well....I got a letter from Costco saying they were no longer doing insurance so they were redirecting insurance policies to Inova and Aviva.
I got the package from Inova and they cannot cover home daycares. So, I called back to Direct Protect and said I just wanted insurance with them and not with Costco. This time DP seeded my policy out to Co-operators and assures my business would be covered.
So, I get the new insurance docs in the mail and it says 5 kids are covered including my own. That means I am technically only insured for 2 DCKs. Not good.
So I called TD waterhouse because people said they had insurance through them. I got passed to 4 different agents and 1.5 hours later they tell me they max out home daycares at 6 kids including my own and they cannot do 7.
:( :huh::eek:
The agents conversation about daycare insurance was also very strange....
Agent - There are some exclusions I have to make you aware of under our daycare coverage. For example...if a parent slips and falls while coming to your home because your driveway is not shoveled then you would be covered under your regular home insurance but not the daycare insurance.
However if a child is hurt because of something you do then you will not be covered. For example if a child has an allergic reaction because you gave them something they were allergic to then you would not be covered.
Me - What does that mean? Like if a child falls and hurts themselves I am not covered if the parent files a lawsuit?
Agent - That is correct. You would not be covered for that.
Me - Then what is the benefit of having daycare insurance? Because then it would seem that I should be covered by my regular home insurance if a child falls on my property since you said parents falling or others would be covered.
Agent - Not necessarily. There are some exclusions and your home insurance won't cover you if an injury happens with anything related to operating the business.
So now I have such a low opinion of the daycare ryder. It seems like they are skirting a lot of liability before the problem even happens. How can they say if there is something negligent to my care that I won't be covered ? That is the whole point.
I am not sure what to do now. She said that only a specialized insurance broker would be able to cover a daycare ryder up to 7 kids :( I kind of lost faith in the whole thing based on what you hear on the phone vs what the paperwork says.:(:( I am also skeptical now that insurance would really even help if I needed it.