Path: utzoo!attcan!uunet!wuarchive!uwm.edu!csd4.csd.uwm.edu!info-high-audio-request
From: wong@ecf.toronto.edu (WONG  PETER CC)
Newsgroups: rec.audio.high-end
Subject: Re: Insurance
Message-ID: <6506@uwm.edu>
Date: 21 Sep 90 12:53:24 GMT
Sender: news@uwm.edu
Lines: 41
Approved: tjk@csd4.csd.uwm.edu

In article <6394@uwm.edu> jas@proteon.com (John A. Shriver) writes:
>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.)
>
>[...]
>
>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!

   I'm a disc jockey and my equipment and accessories are not insured
for professional engagements. Amateur events allow for the home insurance
policy to cover losses for ANY reason (at least from my company State Farm).

   This lack of protection in a potentially dangerous environment (cracked
speaker cones, flying beer, rowdy patrons toppling towers of sound
equipment, etc...) scared me so I inquired as to insurance for a
professional musician/DJ/whatever. I can buy special insurance (I forget
the name) to cover specific items in my household against non-standard
mishaps/situations such as self-damage, professional usage of equipment,
etc.... Based on my situation, my State Farm agent quoted an approximate
over the phone figure of $300-$500/yr for each $10,000 worth of equipment
which would cover my records, cartridges, etc....

   I would think this insurance for professionals could be extended
to any individual for like items. You buy as much insurance as you
think your record collection is worth. If you self-appraise your
collection higher than it's actually worth, then you just have to
pay the premium.

   NOTE: Canadian State Farm officials operate separately from its
         US counterpart (they said so themselves) so this practice
         may be country/agent independent.

-- 
 | wong@ecf.toronto.edu          |  Peter Wong                           |
 |   "   " .utoronto.ca          |  Department of Industrial Engineering |
 | peter@vered.rose.toronto.edu  |  University of Toronto                |
 |   "     "    "  .utoronto.ca  |  (416) 978-6595                       |