Do you buy Insurance for Stereo Equipment?

no need, coverage C of the policy is for unscheduled personal property and is a percentage of coverage A, which is your dwelling. it's a pretty big number. however, take photos, scan your receipts into computer and paper receipts in a fire box. if you have replacement cost coverage on personal property it's insured for fire and theft and your insurer will pay to replace your items. they typically pay on each item on a depreciated basis and when you prove you replaced then they provide the "holdback" money that is the difference with full replacement cost.

jadem6

Do your friend and your friendship with him a favor and get this in writing. I don't know of a subtle way to ask this from him, but lot's of Errors and Omissions claims start out with, "well, I had this friend".

Larryken

The vast percentage of Homeowner's policies have separate small limits on things like jewelry, art, cash, coins, antiques, furs and electronic equipment. This is why the term "scheduled person property" is even an issue.

Insurance Companies don't want to hear that you had a 100k diamond stolen from your house that they didn't know about. This is why they have separate limits for these types of things.

Friends, get this info from your agent in writing.

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Looks like we have that settled.......................

not

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I know HO-3 policies like you guys know cables...get it in writing before the claim.