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From: jas@proteon.com (John A. Shriver)
Newsgroups: rec.audio.high-end
Subject: Insurance
Message-ID: <6392@uwm.edu>
Date: 18 Sep 90 15:11:27 GMT
Sender: news@uwm.edu
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Approved: tjk@csd4.csd.uwm.edu

I have not tired to get "floater" coverage on my equipment, so I don't
think I would have coverage for accidental breakage.  (Just theft,
fire, flood, etc.)

However, my insurance company was not willing to insure my record
collection.  They didn't have enough faith in the stability,
predicability, or objectivity of the prices on the records.  This is
quite an annoyance, since the collection is far harder to replace than
the equipment.  (Five years have been spent haunting the used record
market.)

The same company is perfecly willing to insure photographic equipment,
given an appriasal by a licensed appraiser.  The market there is
larger, and the prices more stable.  Of course, even there, they
probably would not have insured a collection of 70 year old
one-of-a-kind cameras.

The best way to be sure an insurance company will really cover
something is to have it itemized (with appriasal) as an attachment to
the policy.  If they saw a $1000 cartridge, they probably would have
applied the "jewelery" rules to it.

Has anyone managed to insure an expensive record collection?  Does
anyone know who Harry Pearson has his insurance policy with?  He said
some very nasty things about his old insurer after the fire.  I'm sure
his records are insured now!