Insuring Your Vinyl Collection and Equipment

I agree with many here.  One must really read their insurance policy to see exactly what is covered and what isn't covered.  The insurance companies are not stupid.  They know exactly what they are doing.  they don't want to pay out anything if they can avoid it.  Their job is to separate you from your money.  period.

so, a rider would possibly be required.

However, be aware, that to insure certain items, not originally covered under your homeowner's or renters policy, you may have to get each and every item professionally appraised and valued.  Comic books, art, you name it. 

but, I worked with the Emergency Operations Organization for years and we were taught that after disasters, many people found that their could not get paid from their insurance company for one really important reason.  They had no evidence that they actually remembered or even owned the items they said were lost.

So the recommendations from the insurance companies were to make sure items were listed as covered under the insurance policy and second, take pictures and make list of everything.  Clothes, furniture, art, music equipment, etc.  keep those pictures and list somewhere safe.  Think about it.  You lose your home in a fire.  and you lose all of your possessions.  Do you honestly think you can actually remember each and every item  you lost?  I know I won't.  I go around my home with a camera and take photos, write lists, keep receipts, etc. 

Even then, the insurance  company rep will do whatever they can to deny your claims.  But, at least you have documentation to back up your claim.

be safe. 

enjoy 

My insurance company told me that I only had to declare it if any one component was over their specified valuables limit and since the turntable arm and cartridge are taken as separate items my equipment as separates fall below their limit, don't know if that helps, I'm in the UK so don't know what happens in other countries.

The strange thing with that was that our agent didn't think they'd cover my wiring (interconnects and speaker wires), she was stunned to see how much those cost.

She may be on to something!

"The strange thing with that was that our agent didn’t think they’d cover my wiring (interconnects and speaker wires), she was stunned to see how much those cost."

If you need insurance to cover your cables, you are not rich enough to buy those cables.

Hello, 
Try Lloyd’s of London. If they will insure someone’s body parts, they should insure anything else. Keep a couple digital copies of your stuff in your house. Documents, pictures of product model and version-pressings and wax track, and a picture of the room it’s in and the serial number. Also, Look up the current value or have them valued by a professional. It has to be iron clad. Even show to a lawyer to make sure they can sue the insurance company if you are not fully compensated. If the insurance company has a way out they usually will not pay. Keep digital copies at a family members house, deposit box, and fire proof safe, and possibly in the cloud. It’s a lot of work but if it’s important enough to you then you have to put in the work. Once you do this and have a policy for a few years shop around for a better price.