Insurance question

Be sure to find out about coverage for power surge. I am in the business and know for a fact that coverage for electronics damaged due to power surge is $1,000 per item maximum. That could pose a serious problem for some audiophiles. The documentation is a good point and I always mention it to my clients. Photos, video, and receipts are all helpful if you have a loss.

Replacement cost is very important and the only coverage I will sell but there is a specific limit for electronics damaged by power surge of $1,000. That is why my equipment gets powered down and unplugged during bad storms like tonight in Michigan. Larry, I would ask my agent. It isn't something that comes up often but it is in the policy wording with my company. As long as it is a covered peril and you have the proper coverage for your personal property you should be fine. The power surge is just what I would refer to as a gray area. Jsawhitlock is giving solid advice on having documentation outside of your home in case of a fire or a burglar steals the safe you have them in.

Not every insurance company will schedule electronic equipment. Cruz123 are you an insurance agent? If not I would guess attorney or a very eductated consumer. Good thread everyone.