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?

128x128lwin

Showing 1 response by markcasazza

I concur with the posts indicating your home owners coverage on it own is insufficient, but getting a rider should be no problem. While my HiFi gear fits withing my home owners coverage my astronomy gear does not.

When I did my riders with Safeco I was told to bundle multiple items together to create "systems" and get a rider for each system. This was more cost effective. I was also told to just state what I wanted it insured for as some items cannot be directly replaced and there could be much debate in replacement value. So for my one telescope I simply said $50,000. This included the telescope and several high end eyepieces. Think amp, pre-amp, turntable, speakers. In the end I'm paying to insure an amorphous $50,000 thing.