Insuring Your Vinyl Collection and Equipment

"I don't always make claims, but when I do, it takes a while to cool down"
oldhvymec - The most interesting man in the world.

The time to ask all insurance questions is when you are purchasing coverage, not when you have a claim.  Most home insurance policies will consider albums as contents but if you have some very rare out of print albums, you might have to specify them separately as an insured peril to receive their actual value in the event of a loss, otherwise, the insurance company will just replace them with an ordinary new reissue. 

As noted it needs to be excluded to not be covered. But there are also coverage limits for certain types of things. Vinyl may be considered a "collectible" and those items generally have fairly low $$ limits. 

If your collection is super valuable (like 6 figures) then there are specialty companies that insure high end collectibles on a collectibles policy. No clue about Vinyl but seen these policies for wine, jewelry etc.