Get an agent and get 3 quotes. Insure yourself adequately! I’ve move from owning back to renting. I still have $75000 personal property coverage, which in the case of a fire (or collapse of ceiling from an earthquake) it still will leave me 10’s of thousands short—the question being do I need those $10,000 of ties replaced!?! Every policy is different and essentially if you spend the money on something else within your home...as the insurance guy above said, know what you are buying First. Personally, I’d make sure I would get paid up front. Most audio mfg’s At least ethical ones, are going to force an insurance company to purchase through a dealer. Either you sell through dealers or you don’t. And scan every invoice and keep a copy of all in the cloud and on a disk or SSD drive separate.
Home owner's insurance question
Reading through my policy it would appear that through the personal property section an audio system is covered for loss. No special rider is necessary. But the replacement cost section states that the insurance company won't pay until you actually replace your stereo system. If one makes a big claim, let's say $100,000, how does one pay this first if you're going to get paid afterwards? What if you don't have the money to re-buy your system or you choose not to replace it? Can any insurance experts explain to me how these home owner policies actually work?