Tardcore Posted February 21, 2018 Share Posted February 21, 2018 (edited) I was doing a little adulting last night looking through the particulars of my renters insurance. Unfortunately, I found that coverage for “collections” (ie my records) is limited to $250 and coverage for electronics such as TVs, receivers, etc is limited to $2500. So...it’s fairly useless when it comes to my music hobby. Can anybody recommend coverage that would actually cover the stuff I own? Edited February 21, 2018 by Tardcore Quote Link to comment Share on other sites More sharing options...
Bladewillisisdead Posted February 21, 2018 Share Posted February 21, 2018 Unfortunately I have no helpful information. I am, however, panicking because I have several records that would cost more than $250 alone to replace. Also lol at any collection of anything being worth only $250. Quote Link to comment Share on other sites More sharing options...
nancy_raygun Posted February 21, 2018 Share Posted February 21, 2018 (edited) Some insurance companies will allow you to insure your record collection. When I bought my house a couple years back I talked to some agents about this. But it often requires 1) an official appraisal (which only works for what you currently have in your collection) and 2) buying a policy that is above and beyond the normal. The gist that I got is that, unless you have a collection of Presley 78s, original Buddy Holly pressings, and 50 copies of the Butcher cover album, your money is better spent on getting an apartment that doesn't leak on your albums. Edit: Sorry, that being said, State Farm did offer to insure the records. Edited February 21, 2018 by nancy_raygun Quote Link to comment Share on other sites More sharing options...
Tardcore Posted February 21, 2018 Author Share Posted February 21, 2018 I get why it’s difficult to insure a collection. I’m a little more disturbed by the $2500 limit on my AV gear. I deliberately upped to coverage 10k over the standard amount when I took out the policy to account for my gear. It appears that’s all a waste. Quote Link to comment Share on other sites More sharing options...
One Hundred Fifty-Two Posted February 21, 2018 Share Posted February 21, 2018 What you will need is an insurance rider. This is a specific addition to your standard coverage. Contact your agent and discuss if they can create a rider for records & equipment. I had a rider on renters insurance for my wife’s engagement & wedding ring. It added like $10,000 of coverage for $4 a month specific to the rings. It did require an appraisal. Quote Link to comment Share on other sites More sharing options...
One Hundred Fifty-Two Posted February 21, 2018 Share Posted February 21, 2018 Insurance is not the most honorable industry so if there is an opportunity to take someone’s money they will. You may have to look around and put in the work to get an appraisal, but there are companies out there that offer this. Quote Link to comment Share on other sites More sharing options...
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