Insurance for system

@garebear Yes, I can replace my equipment but not 50% of my record and CD collection.  I cannot replace my 7,000 78s, of which half are ethnic music.  I cannot replace my limited edition CD collection of classical vocal, piano and string on labels such as Romophone, Biddulph, Marston which typically only pressed 1000 copies (Marston-on subscription basis).  I cannot replace half of my LPs or R2R tapes.  So, I am rather concerned despite living in a 24/7 guard gated community, with double exterior doors, perimeter wired alarm system to a central station with armed guard response, interior doors of 16" thick weighing 850 lbs. and 1000 lbs. and mostly recordings with limited salability (15,900 CDs, 7,000 78s).   

Sure, I'm paranoid but the music comes first for me.  I have noted to my insurance agent that I'm reasonable in assessing my music collection value, at $5/piece for CDs, $5/piece for LPs and market value for 78s (as sold on ebay or other sites).  At $5/piece for LPs and CDs, that's about $250,000.  I would pay thieves that much to return my music; however, as they are located in four locations, weigh about 25 tons and not easily packed (it would take several people working several days to remove and pack-I know it took me a month when I moved 5 years ago), I doubt that's what thieves would be after.   

My parents house was burglarized last year located on a minor traffic signaled intersection with full perimeter alarm like me but without perimeter cameras/motion detectors now there.  They stole 60-80s dresses (left the fur coats) and designer shoes.  No furnishings were taken.  No audio equipment or music recordings were taken.  The house was totally tossed (the armed guard failed to arrive for 1 hour 5 minutes and then did not see the rear or side yards broken windows for access-an anomaly. 

Living in the City of Los Angeles is a burglar's (organized gangs) paradise.  

....sorry to hear that fleschler and not a good time in everyone's lives I'm sure. I also forgot to add earthquakes as a peril that must be considered as well. I went to talk to my agent yesterday and because of this email, I updated my limits and added coverage for a ( another ) ring for my wife. Insurance coverage or properly insuring what we all have here is a necessary evil of our hobby. Good thread .....    

Has anyone tried getting insurance from a company that insures musical instruments? 

I have Farm Bureau home insurance and recently spoke to my agent about this.  He said take a good video of all the equipment showing model and serial numbers and email it to yourself so you have that record to be accessed anywhere.  All the stereo equipment is in the category like furniture.  All the records/CDs fall in the collectible category.  He said about 10 years ago the industry stopped covering this.  Some of you here have implied that collectibles are covered just as your gear but he assured me that it is not just Farm Bureau, it is all insurance companies.  They only offer a minimal amount of coverage like $300.  There are collectible specific insurance companies that you would need to work with on a separate policy.  I checked and it wasn't that expensive.

@dhite71 I am currently checking with Lloyds of London as my Nationwide carrier cancelled my 22 commercial property fire/liability/earthquake insurance policies (no claims 18 years) last year and I have 9 months left after cancelling/non-renewal of my personal residence policies (28 years). My insurance went from $6800 in 2019 to $18,000 this year and Nationwide as 90% of the other major carriers have left or are leaving CA. I’m trying to get Chubb who insure my parents home 1 mile away. It depends on the number of policies an insurer is willing to write in a particular area to spread the risk. I do not live in a fire zone/area. Insurance problems were a nightmare for me from the 1980s-2000s. Now they have returned due to political malfunction in CA and insurers as well (State Farm just lost it’s rating to B, as a non-admitted carrier in CA and is pulling out now, cancelling 30,000 houses and 42,000 apartments).