Separate Insurance Policy - LP's, Memorabilia, Etc

I am an ex insurance claims guy, and I suggest you change your company to one of the majors. There should be no limit on LP's etc in normal policies, only the overall limit on personal property. Claims on such items would be based on their replacement cost - if in fact you do replace them. Herman's comment above is correct. You do need good records so you can help any adjuster document your items - photos, lists, etc are good.

Chubb is a great company to insure the vintage media. The last quote I got from them to insure all my media, 7000 lps, 1500 tapes, 10,000 cds was $960 per year. Replacement value of the collection is $300,000.

I just recently did this through State Farm via a personal articles policy added to homeowner's insurance. They will insure just about anything as long as you have receipts/documentation.

Mcondo is 100% correct-

Most polices have you select the dollar amount of personal property coverage----should you have a loss, you should be reimbursed for whatever is damaged within those selected limits--replacement cost-so if your 2008 Mofi 200gram is worth, $100, you would get $100

the trick is to purchase adequate limits to cover all your belongings---Don't buy $20,000 in coverage if your cables alone cost $20,000 to replace and expect coverage for your speakers,amps, records, etc..

I have taken video of my entire setup
A good tip is to keep it on a SD card and put it in your wallet----no use having a tape in the house if the house and everything in it burns and destroyed.

A bit off topic, but i recall former LA Laker Kareem Abdul Jabbar's home burned down and he had a priceless Jazz LP collection which he completely lost----always felt bad for him--

I just narrowly averted damage to my LP's when a freak hail storm shattered all of my sky lights and the hail and rain came pouring in. The rack was against the far wall and remained fairly dry except a dose of humidity. I have State Farm and they have been great so far with paying for the damage to the house. I did bump my personal possesion coverage to cover audio related items per my agents recommendation many years ago.