Insurance question


In general - do audiophiles insure their equipment at replacement value, current value -if at all?

(I can just see an insurance company replace a $20k - $$$ stereo -be it from theft or natural disaster. NOT!).
johangrb
An insurance policy is a contract between you and the insurance company. They will pay you what they are legally obligated to pay you under the terms of that contract and no more. The problem is that most of us do not fully understand what their insurance policies cover - or more importantly - what they do not cover. Unfortunately, most of us first learn what's not covered when we make a claim against the policy. That's why its important to review our coverage needs in advance, to make sure we obtain the appropriate coverage.
Not every insurance company will schedule electronic equipment. Cruz123 are you an insurance agent? If not I would guess attorney or a very eductated consumer. Good thread everyone.
Nicksgem10s, how dare you call me an attorney :). Just kidding. No, I'm not an agent, but have been in the insurance industry for about 20 years.