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Insurance rider for your gear?

How many of you folks here have a separate rider on their homeowner's insurance policy for their gear? This question was posed to me by my understanding spouse as she perused the the credit card statements containing my most recent acquisitions.

I know that we are covered up to certain amounts under contents, but our system is now at the point where it represents at least 25% of the total covered by our policy for contents of the house.
slipknot1
thorman
1,262 posts
 
I have had a rider for years. Very inexpensive and worth it.I had a transformer get hit by lighhtning in my neiborhood and lost a Audio Research sp-8 ( years ago) and got replacement cost which was more than I had paid for it.If you can't afford to replace what you have its worth a little extra for peice of mind... Thorman
squidboyw
35 posts
 
I have a separate rider that covers my gear at 'retail' replacement cost. Have pictures (from several angles) of all equipment along with sheet with serial numbers, cost, and how many units are involved, all filed with insurance agent. Have agent come over to inspect set-up too so he/she actually sees and grasps what you are insuring. A real eye opener for some of those people.
lugnut
1,190 posts
 
I've got a rider for both my equipment and software. The best person to talk to about this potential need is a claims adjuster and not the agent. It's certainly cheap piece of mind.
audioman4
174 posts
 
Definately get separate riders or boost your contents coverage... take pictures and keep them in a separate place.. ie office or friends house for safe keeping. In the event that you have a loss, fire, water damage, theft...you will have visual proof of the equipment. Replacement value is important, otherwise you would get current market value on your gear. Good advice by squidboy!! Good luck!
Joe
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