I have sold insurance for a number of years and there is great advice on this thread. First, ask your agent to answer specific questions (let him read the policy and explain it to you in plain English, or better yet have him show you where it is in the policy).
Second, if you have older equipment (Nakamichi for example), insurance will only give you relative current value (not what you paid). So your treasured old Nak amp might not be worth much, even though finding that item would be difficult and you will probably pay more than the insurance company is going to offer.
A better avenue would be to list "special personal property" coverage where you quote the value of your treasured item and pay pennies every month for the coverage. That way if you make a claim, you get your entire amount (with no deductible that would apply if it was just standard property loss). Some items will also qualify for lost, such as portable DAC or portable headphone amp - my Chord Hugo is listed on my policy for just in case.
I live in California and use SafeCo for the last 17 years. I have my systems that are in the hundreds of thousands "special personal property" covered and sleep good at night. Also have new big ticket purchases covered (computers, cameras, plasma tv, etc).
Make sure that fire or earthquake are covered for that added benefit. Other states may be different.
Second, if you have older equipment (Nakamichi for example), insurance will only give you relative current value (not what you paid). So your treasured old Nak amp might not be worth much, even though finding that item would be difficult and you will probably pay more than the insurance company is going to offer.
A better avenue would be to list "special personal property" coverage where you quote the value of your treasured item and pay pennies every month for the coverage. That way if you make a claim, you get your entire amount (with no deductible that would apply if it was just standard property loss). Some items will also qualify for lost, such as portable DAC or portable headphone amp - my Chord Hugo is listed on my policy for just in case.
I live in California and use SafeCo for the last 17 years. I have my systems that are in the hundreds of thousands "special personal property" covered and sleep good at night. Also have new big ticket purchases covered (computers, cameras, plasma tv, etc).
Make sure that fire or earthquake are covered for that added benefit. Other states may be different.