Sign Damage #2

To our valued customers;
 
Over the years, RKM has continued to help remind you about areas of your policy that you might overlook. Today we would like to talk to you about Unattached Outdoor sign coverage.
 
You might have upgraded your signs over the last few years to meet with the technological times, and converted to a new digital one.

The standard coverage limit for outdoor signs can range anywhere from $2,500 to $10,000.

New digital signs can range anywhere from $15,000 - $45,000 on average and in some cases much more. If you are still using the standard limit for your polices, this will not be enough to cover a complete loss to your sign.

Claim example; An accident happens in the intersection and one of the  vehicles hit your  brand new digital  sign. Cost to replace it $25,000.  
 Your policy limits only cover $2,500. The vehicle that hit your sign has the “California “ minimum limits which means only $5,000 for property damage on their Insurance policy  or even worst they have no coverage. Now, your out of pocket cost is more than you had expected.

Also , as a reminder, you must also protect your sign’s from Wear & Tear damage; always maintain the base, protect from water damage/corrosion, and properly prime and paint regularly. Wear & Tear damage is not covered by any policy, so proper maintenance is a crucial.

If you have any questions about your current coverage, please do not hesitate to contact your Agent and they will be happy to discuss this in full detail and reevaluate your policy with you.

Thanks you for your continuing business and support.