Home Grows Void Homeowners Insurance

Considering growing your own? Many are, especially since the Governor’s lawsuit has put the dispensary process on hold.

What most don’t realize, however, is that growing marijuana inside your home or attached garage voids your homeowners insurance. There is not ONE carrier who will approve such activity.

No big deal, unless you have a claim – burglary, injured guest, fire, broken window, hail damage… if your carrier finds a grow, kiss your claim goodbye.

I had a quote request from a fellow who had leased a storefront for his dispensary; the cultivation plan included growing in his large home basement. Great security, lots of space, controlled environment, and no lease payment – all good. Except that none of my carriers, even the MMJ specialty firm, would go near this particular combination of risks.

I don’t like to tell people bad news. Ed Rosenthal’s coming to town and everyone is excited, and the hydroponics stores are thrilled. But… a better plan, and feasible at least for caregivers, is to band together and rent warehouse space, which can be insured against liability, theft, even local government raids.

Your house is your home, and should something happen, you’ll want to be reimbursed for any damages – not left holding an empty bag.

By |2011-07-11T17:14:25-07:00July 11th, 2011|Stories & Articles|Comments Off on Home Grows Void Homeowners Insurance

Insuring Your Medical Director

According to ADHS Director Will Humble, the most important name in your application will be that of the medical director.  This is because  Mr. Humble sees the long-term success of Prop 203 depending more upon the actions of the medical community than any other factor.

With those thoughts in mind, choosing the right medical director becomes of paramount importance.  Unfortunately, however, the ADHS mandate that the director be “available” during dispensary business hours complicates the hiring process by considerably shrinking the available talent pool.

Another issue impacting the hiring process is medical malpractice insurance.  Doctors with current practices already have policies, including those working part-time.  Those willing to come out of retirement to serve a dispensary or disensaries only need coverage for the limited services they will be providing.

Fortunately there are flexible, cost-effective options.  For those with active practices there is no need to completely change policies – instead, separate, MMJ specific policies can be obtained that essentially supplement the coverage they already have.  The same goes for the semi-retired.

Retired doctors coming back to work can find medical malpractice policies that cover just the activities they list on the application.  In all cases the premium costs are quite modest.

Don’t let concerns about obtaining reasonably-priced medical malpractice insurance keep you from finding the doctor or doctors you need to make your application shine with ADHS.

For further information or to receive a quote, I can be reached at www.PremierDispensaryInsurance.com

 

By |2012-08-18T09:25:16-07:00May 15th, 2011|Dispensary Insurance, Medical Directors|Comments Off on Insuring Your Medical Director