Insurance - your experiences

If you have a good agent, her/his interpretation is probably correct - but only probably.  I have had agents tell me X, but - when I asked them to check with the insurance carrier - have told me that X is wrong, the truth is Y, quite different from X.

For those with million dollar systems and other very valuable easily moveable chattels such as antique collections, the question arises - should I insure at all.
Almost all top-end professional robberies start off as information leaks from insurance company records by bribed staff.  The amount of information insurance companies insist on (see posts above, lists of albums even) gives professional thieves everything then need for a designer heist, in many cases pre-sold.
Whilst a few such robberies aim at a particular article, often a painting, most bring two pantechnicons, overpower the owner and spend a couple of days loading at leisure.

I don't know if it is the same with all insurance company, but my house burnt to the ground, I had replacement value on the content and they gave me the full value of my album. They also replace my audio gear with today's comparable price gear as my stereo was vintage. The only thing that had a cap was computer and related items.I still remember it was clause H4 in order to be covered which I didn't have, they gave me $1500 flat rate. The rest they replace. I would ask the insurance company what is their policy.

Dustcanblue, it all depends on what kind of policy you buy. Replacement cost insurance is more expensive. An agent who is trying to get your business by keeping the cost down might not even tell you about it. Anyone with a big system and collection should have it. Crap  happens. I never thought about a lightening strike until it happened. Check your policy or call your agent.

Our Nationwide homeowner's policy specifically caps categories like audio equipment, televisions, cds, albums, musical instruments, etc. To have anything close to adequate replacement coverage would require separate riders for each category (says they).