The Magnificent Goldberg Posted June 5, 2007 Report Share Posted June 5, 2007 Mine's not covered. MG Quote Link to comment Share on other sites More sharing options...
J Larsen Posted June 5, 2007 Report Share Posted June 5, 2007 I recall my policy being inflexible in terms of how the units are valued - I think it is at the average price of a new cd times the number of cds. BTW, these policies typically have rather low limits - i.e. if you have a huge collection, only a small percentage will be covered. At least that is the case in New York City. Quote Link to comment Share on other sites More sharing options...
mikelz777 Posted June 5, 2007 Report Share Posted June 5, 2007 If you own a home it's probably covered under your homeowner's insurance. If you have a huge collection with a lot of rare or OOP CDs you may want to check with your agent and they may suggest a rider to cover them. In any event, you'll probably want an accurate and up to date inventory list and may want to file that with the insurance agent. I'd be curious to know how an insurance company would evaluate the value as I'm sure there are probably a lot of irreplacables and wouldn't make it under "replacement cost". Quote Link to comment Share on other sites More sharing options...
J Larsen Posted June 5, 2007 Report Share Posted June 5, 2007 Sorry, my comments were specific to renter's contents insurance. The terms are much less favorable under those policies. Quote Link to comment Share on other sites More sharing options...
Teasing the Korean Posted June 5, 2007 Report Share Posted June 5, 2007 If you don't have it cataloged and insured based on the value and condition of titles, they will give you a flat rate based on number of LPs multiplied by a small amount. Quote Link to comment Share on other sites More sharing options...
Hardbopjazz Posted June 5, 2007 Report Share Posted June 5, 2007 We had a very short discussion on this 3 years ago. value Quote Link to comment Share on other sites More sharing options...
brownie Posted June 5, 2007 Report Share Posted June 5, 2007 My home is insured with no special provision for the record collection. If thieves manage to intrude, they won't bother with the records. Too much of a problem (and too many of them) to take it out. If there is a fire, I presume we will have much bigger problems to take care of than shed tears about records. I smile to the neighborhood firefighters whenever I run into them Quote Link to comment Share on other sites More sharing options...
paul secor Posted June 5, 2007 Report Share Posted June 5, 2007 My home is insured with no special provision for the record collection. If thieves manage to intrude, they won't bother with the records. Too much of a problem (and too many of them) to take it out. If there is a fire, I presume we will have much bigger problems to take care of than shed tears about records. I smile to the neighborhood firefighters whenever I run into them My feelings exactly. Quote Link to comment Share on other sites More sharing options...
Soulstation1 Posted June 5, 2007 Report Share Posted June 5, 2007 fwiw it's a good idea to review your policy once a year Quote Link to comment Share on other sites More sharing options...
relyles Posted June 5, 2007 Report Share Posted June 5, 2007 My home is insured with no special provision for the record collection. If thieves manage to intrude, they won't bother with the records. Too much of a problem (and too many of them) to take it out. If there is a fire, I presume we will have much bigger problems to take care of than shed tears about records. I smile to the neighborhood firefighters whenever I run into them I can appreciate that, but having suffered through water entering my basement, where the only thing of value that was damaged was a large portion of my music collection - I have a slightly different take. Of course in the end it does not matter because flood damage is excluded anyway. Quote Link to comment Share on other sites More sharing options...
The Magnificent Goldberg Posted June 5, 2007 Author Report Share Posted June 5, 2007 Thanks folks. I have a home & contents insurance but the value of the contents didn't include anything for the records. But I recently realised that the probable value of the collection is about equal to what I've got under contents. The advert quoted in the other thread is interesting. I wonder if anyone does it in Britain? Or if an American firm would accept a British risk. MG Quote Link to comment Share on other sites More sharing options...
Claude Posted June 5, 2007 Report Share Posted June 5, 2007 (edited) If there is a fire, I presume we will have much bigger problems to take care of than shed tears about records. Of course, when we're talking about lives. But the other material things in a home will probably be much easier to replace than a collection (of anything). Edited June 5, 2007 by Claude Quote Link to comment Share on other sites More sharing options...
porcy62 Posted June 5, 2007 Report Share Posted June 5, 2007 (edited) My home is insured with no special provision for the record collection. If thieves manage to intrude, they won't bother with the records. Too much of a problem (and too many of them) to take it out. If there is a fire, I presume we will have much bigger problems to take care of than shed tears about records. I smile to the neighborhood firefighters whenever I run into them ...I add a great smile to my neighbours, hoping they will promptly call the firefighters. Edited June 5, 2007 by porcy62 Quote Link to comment Share on other sites More sharing options...
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