Do you buy Insurance for Stereo Equipment?

"You need to "schedule" each item with your insurance company"

I was a Homeowner's insurance underwriter for 15 years, and this is very sound advise. Yes it's expensive, because the claim fraud is so high with scheduled items (art, jewelry, coins, antiques, etc) but if you want your gear covered for more than about $1000 it must be scheduled. When you schedule an item a photo and some type of proof of value will be submitted and approved. If your agent doesn't know about scheduling items find another agent.

jadem6

Do your friend and your friendship with him a favor and get this in writing. I don't know of a subtle way to ask this from him, but lot's of Errors and Omissions claims start out with, "well, I had this friend".

Larryken

The vast percentage of Homeowner's policies have separate small limits on things like jewelry, art, cash, coins, antiques, furs and electronic equipment. This is why the term "scheduled person property" is even an issue.

Insurance Companies don't want to hear that you had a 100k diamond stolen from your house that they didn't know about. This is why they have separate limits for these types of things.

Friends, get this info from your agent in writing.

I know HO-3 policies like you guys know cables...get it in writing before the claim.