Insuring Your Vinyl Collection and Equipment

“Wow”!
as a 41 year insurance agent I’m a bit shocked but not totally. To those of you that think you know about everything, including insurance, you know little about my industry/career and you are wrong (oldhymec). 
Yes vinyl can be insured. Anything of a intrinsic value potentially can be insured. The carrier only cares, can they make $$$ and is the item “properly” valued.

The carrier wants a proper valuation from a reputable source. I have insured vinyl collections, audio hardware, and crazy stuff for decades.

Simply, proper authenticated appraisals/ valuations are required. Then insurance coverage is available . By the way, this kind of coverage is “All Risk”. Everything is covered including dropping it, losing it, mysterious disappearance
etc. I sell policies very inexpensively with no deductible. Consult your local “Good Neighbor” agent.

If anybody has any insurance questions please ask me. Happy to help everyone here!

Dave

State Farm insurance has a policy that will cover audio gear and related items including a music collection so check them out i have used them for over twenty years in this fashion.

If anybody has any insurance questions please ask me. Happy to help.

Yes, I have a question. My home owners policy has a “Contents” coverage of $353,000. If my house was to be totally destroyed along with the contents am I going to have to provide proof that I had $353,000 worth of contents or is the insurance company just going to write me a check for the coverage amount I paid for? I didn’t request this amount of coverage. It was arbitrarily put on by the insurance company.

My Godson is an underwriter at State Farm Normal.

“Wow”!
as a 41 year insurance agent I’m a bit shocked but not totally. To those of you that think you know about everything, including insurance, you know little about my industry/career and you are wrong (oldhymec).

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What part shocked you? That the agents when my stuff got stolen, didn’t know their A$$ from a hole in the ground or what? I was treated like some kind of a nut UNTILL, I contacted my lawyer.

Don’t tell me how insurance people are. The CLOWN that wrote the original policy 35 years ago, was good at one thing.. Sending me notices how he would like to review my policy, it may need some attention. BUT never once showed up before or after the kid stole the gear. The field agent was assigned because I requested someone that knew what I was talking about..

the 80/20 or in this case 90/10 rule applies. 10% of the people do 90% of the work and in this case had 100% of the knowledge.

I’m serious, the original adjuster had me at 5,000.00 the revised list was OVER 50K.. How friggin’ misinformed can an agent BE? SHE (not my agent) had a check cut with 75% noted as "could not find comps". BUT sure wanted me to sign off their lazy little bit of work.. Under two weeks.. It took me TWO years to find all the stuff, and STILL didn’t get reimbursed for the master tapes.. THOUSANDS.. and the same with the NOS valves, there was 50K in valves in the foot locker alone..

This was a real pisser. The tube EQ was a prototype from Dave Manley, really one of a kind.. 3K maybe..
Valued at 100.00 new and depreciated 90%. It was worth 10.00 dollars. It had appreciated to over 6K, but trying to explain that to a DUMB person made it hard.. To say the least.. THEY KNEW.. Dummy!!!

I think I got 15K 30 sets of quads NOS GL KT88, Mullard EL34s Set after set of RCA 6L6 BPs and at least 300 signal valves. It was part of my nest egg.

There was a separate foot locker of used valves. IF I wouldn’t have had pictures of the end of the foot lockers "TWO". BTW the agent was a valve head too. He had 3 Melody 6L6 rigs..

THE WHOLE time the guy that wrote the policy sits in his office while I figure out WHERE the heck my stuff went... One cop helped me, and I help him. The gun got peoples attention.. Scared the kid too.. they didn’t fit him up for the gun, but it could have cost him YEARS.. He was 19 yeas old from MD and had "Form". They could have stuck him for 20 years... Local traffic stop, The 8 - 10 Reel to Reels were in the back seat with my name on them..

Replacement, kinda.. there are time limits to get totally reimbursed and if you can’t find a replacement.. you get 50-90% reduction AND the ol bums rush..

Insurance agents, as agent go, Gregg was a STAR, the three that proceeded him were WORTHLESS.. To busy doing it wrong, to get it RIGHT. It was simple, they would not listen, AND didn’t want to learn..

AN OLD HEAVY MECHANICS nightmare.