Do you buy Insurance for Stereo Equipment?

Depends on the Carrier. There are standardized polices but there are also standard endorsements which can alter that policy. I have had USAA for 20 years and it is excellent. Before I owned, I rented and when I rented I had two break-ins and USAA replaced $20K and $18K in audio gear respectively, without hesitation (full replacement value).

Now I own and I asked USAA what I need to have a separate rider for, I was told jewelry, so i got a rider for my watches and my wife's rings. I then upped the "contents" coverage to 75% of the home's reconstruction costs. Which, if I have a total loss would replace all my "contents" gear included.

As long as your policy does not have a specific limit on "electronics", it will be covered as a "content". If your policy does have a limit on electronics, pay for a rider if you need additional coverage.

Or go bare and hope for the best....

no need, coverage C of the policy is for unscheduled personal property and is a percentage of coverage A, which is your dwelling. it's a pretty big number. however, take photos, scan your receipts into computer and paper receipts in a fire box. if you have replacement cost coverage on personal property it's insured for fire and theft and your insurer will pay to replace your items. they typically pay on each item on a depreciated basis and when you prove you replaced then they provide the "holdback" money that is the difference with full replacement cost.

jadem6

Do your friend and your friendship with him a favor and get this in writing. I don't know of a subtle way to ask this from him, but lot's of Errors and Omissions claims start out with, "well, I had this friend".

Larryken

The vast percentage of Homeowner's policies have separate small limits on things like jewelry, art, cash, coins, antiques, furs and electronic equipment. This is why the term "scheduled person property" is even an issue.

Insurance Companies don't want to hear that you had a 100k diamond stolen from your house that they didn't know about. This is why they have separate limits for these types of things.

Friends, get this info from your agent in writing.

,

Looks like we have that settled.......................

not

.