I have Farm Bureau home insurance and recently spoke to my agent about this. He said take a good video of all the equipment showing model and serial numbers and email it to yourself so you have that record to be accessed anywhere. All the stereo equipment is in the category like furniture. All the records/CDs fall in the collectible category. He said about 10 years ago the industry stopped covering this. Some of you here have implied that collectibles are covered just as your gear but he assured me that it is not just Farm Bureau, it is all insurance companies. They only offer a minimal amount of coverage like $300. There are collectible specific insurance companies that you would need to work with on a separate policy. I checked and it wasn't that expensive.
Insurance for system
I have been trying to get theft coverage for my system without success. Between the electronics, cables and add ons I probably have around $100K invested in it. My broker suggested that she might be able to get coverage for some of the gear but not all of it. I know that there are specialty carriers for collectible cars but is anyone aware of insurers who specialize in coverage for what most carriers would consider luxury goods?