Paul Lloyd said:
quoted 9 lines I'm sure there are plenty of Coil collectors and electronic music>
>>I'm sure there are plenty of Coil collectors and electronic music
>>collectors on these lists that have a lot of records in their
>>collections, and a lot of valuable ones at that. Have you got these
>>records insured for their true worth? And how did you go about it?
>
> I looked in to it once. I have a large record collection and thought it
> a good idea to insure it. I was told I would have to list everything
> and place a value against each item. There were way too many, it
would
quoted 2 lines take forever, so I gave up. This way a while ago but I would expect> take forever, so I gave up. This way a while ago but I would expect
> they would ask for the same thing.
This is pretty much true for most any kind of specific insurance. My
girlfriend an I have renter's insurance because it's cheap, but here's
the catch -- to claim we actually have things, we need to document that
and submit it to the insurance company. Things like clothes, furniture,
kitchen stuff, etc. are generally covered more universally (as in, you
don't need to write down that you have 3 t-shirts, 10 pairs of black
socks, etc.), but the rarer items like electronics, rare records, etc. need
to be documented.
For instance, we have our CDs covered under the insurance plan, but
we simply said "we have this many CD's, approximate retail value=X"
Some of them are rare "idm" CD's (like Bola's "soup"), but I figured if
anything happened to them, they're probably the least of my worries
(and probably easily findable on soulseek (and since I already bought
them, I have a right to keep backups ;D). the electronics, though, I had
to write down the serial numbers for and everything. We're thinking
also of taking pictures of all of our stuff in case something happens.
There's a catch, though. If you just get insurance and give them
ballpark figures of what you own, the rates will be relatively low. But so
will the coverage. When my girlfriend and I actually submitted our list
of electronics equipment, and asked for an increase in electronics
coverage (as the standard is $5k of general electronics (cd's, tv's,
non-kitchen etc.), they knew we had at least $5k of stuff and upped it a
lot more than what would be proportional to simply an increase in
overall coverage.
In other words, to up our coverage from $20k w/ $5k of electronics to
$30k w/ $10k of electronics, the increase was more than simply
simple math -- they knew we had more expensive stuff and that if we
filed a claim they would be out a lot more money.
However, I still feel it's definitely worth it if you value your stuff.
If youspeak to an insurance place about collectible stuff, not only will they
ask you to write down what everything is, they'll also ask for proof of
value. They may accept something like eBay, or they may need things
to be professionally appraised. As appraisers are probably not hip to
underground music, it might be tough. But as general coverage will
still cover records for at least their retail value, it's still
worthwhile. Ifyour place caught fire and you lost that rare coil record worth $40,
would you rather recoup $10-15 or nothing at all?
derek
--
eggytoast.com - eggtastic.com
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