Do you buy Insurance for Stereo Equipment?

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.

Hi Jlind - as I said, my agent is a long time friend of the family who made sure he knew what he was talking about when I asked him these questions back when I bought my equipment. It is covered under the normal types of homeowner's policies. As Stringreen suggests, it is always a good idea to take pictures. But my main point was actually that even if it weren't, the cost of insuring the equipment on some kind of separate policy or rider is simply not worth it, unless you spent at least six figures on your system.

We also use USAA homeowners insurance. We have our antiques and expensive items listed in a separate schedule with photos and receipts for each item. In the event of loss we will get the replacement value for those items. The rest of our household goods falls under the homeowners insuranace coverage we requested, which includes all forms of electronics, and my stereo, yeah. When we did the extra rider for the rare items, I kept asking about my electronics, and the representative always responded that my stereo was under the normal insurance up to the limit we are insuring.

I am satisifed with this policy. In addition, the mention of alarms, home security systems, video surveillance, friends Smith and Wesson, helps to reduce the fees.

Audioquest4life