First of all, LPs are worth far LESS than you think. I'd suggest you are dreaming when you believe you have many albums worth hundreds of dollars each. By way of example, the "collectible/rare" LP you buy from a second-hand record shop at $50-100 can be resold to the store for only $5-10. That's reality. BUT... the same records are worth a LOT more to you and to me because they are wicked cool, sound great, and are artwork. With respect to storage, store them intact in their outer jacket in LP plastic sleeves (available readily) and always vertically. Don't lay them flat. The installation of a built-in LP storage cabinet by a quality woodworker craftsman looks stunning in the home.
How do you store your albums
I just had a nice collection of albums dropped in my lap. Over 40 MF Original Master recordings, misc half speed recordings and many other albums in perfect condition. The covers and albums are near new, many only played a few times then recorded to cassette tape. Should they be stored in plastic etc. and should I look to have insured. I don't think most are worth more than $50.00 but from what I could find several are worth $100's. Thanks for your ideas.