News (Media Awareness Project) - US CA: Insurance Companies Paying For Stolen Medicinal Pot |
Title: | US CA: Insurance Companies Paying For Stolen Medicinal Pot |
Published On: | 2000-11-01 |
Source: | San Jose Mercury News (CA) |
Fetched On: | 2008-09-03 03:45:47 |
INSURANCE COMPANIES PAYING FOR STOLEN MEDICINAL POT
Growers Who Have Homeowners Coverage Reimbursed Up To $500 Per Plant
UKIAH (AP) -- Insurance companies are paying growers of medicinal marijuana
up to $500 per plant if a thief raids their garden.
Medicinal marijuana growers who have homeowners insurance can be reimbursed
just as with other stolen medical items, a State Farm spokeswoman told the
Ukiah Daily Journal.
Though State Farm didn't say how much it pays per stash-napping claim,
members of the Ukiah Cannabis Club -- a medicinal marijuana organization --
told the paper that they know of $500 payments.
It may be better than nothing, but it might not cover the full value of
such plants. A budding marijuana bush of high quality can fetch $4,000 on
the street.
The idea has not caught fire with all insurers.
``Companies are all over the board on this issue,'' said Aubrey Aquino of
the Insurance Information Network of California.
She pointed out one inherent difficulty that puzzles insurers: How to tell
that the plant was stolen, rather than smoked?
Growers Who Have Homeowners Coverage Reimbursed Up To $500 Per Plant
UKIAH (AP) -- Insurance companies are paying growers of medicinal marijuana
up to $500 per plant if a thief raids their garden.
Medicinal marijuana growers who have homeowners insurance can be reimbursed
just as with other stolen medical items, a State Farm spokeswoman told the
Ukiah Daily Journal.
Though State Farm didn't say how much it pays per stash-napping claim,
members of the Ukiah Cannabis Club -- a medicinal marijuana organization --
told the paper that they know of $500 payments.
It may be better than nothing, but it might not cover the full value of
such plants. A budding marijuana bush of high quality can fetch $4,000 on
the street.
The idea has not caught fire with all insurers.
``Companies are all over the board on this issue,'' said Aubrey Aquino of
the Insurance Information Network of California.
She pointed out one inherent difficulty that puzzles insurers: How to tell
that the plant was stolen, rather than smoked?
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