High end stereo would fall outside the normal parameters of Person Property on a standard HO-3 Homeowners Policy. You need to put it into a special "Scheduled Personal Property" (sometimes called a Property Floater) endorsement. This same endorsement is designed to cover jewelry, expensive art, furs, coin collections, etc....This is an "All Peril" endorsement, meaning it’s covered and paid for even if you simply can’t find your $35000 Rolex anymore. The fraud rate is assumed to be very high, so the rates built into this endorsement are designed to compensate for the folks who commit felony fraud and cheat the system.
Getting Personal Property Insurance for your rig.
I just had an Allstate agent tell me that he's sorry, but they're unable to insure my "$120k stereo".
Do any of you have personal property insurance protecting your system against fire/theft/etc?
If so, how did you go about getting it and who did you go with?
Has anybody had to file a claim?
Do any of you have personal property insurance protecting your system against fire/theft/etc?
If so, how did you go about getting it and who did you go with?
Has anybody had to file a claim?