Anyone have their system insured?

yes - and definitely photodocument the rig well - it will help if you ever need to file a claim...

First, take pictures of your entire system including close-ups of serial numbers. This is for theft.

That insurance does include contents is true, but only as a percentage of the total replacement policy on your house. If you live in an area where homes are very expensive then you will have over $100,000.00 on contents. If you live in an area where your house is worth, and is insured for about $120,000.00 then you might not have as much as $30,000.00 contents coverage.

The best thing to do is try to figure out what your belongings would cost to replace, add 25% and then call your agent.

On the part about flooding, be a bit careful here. Some policies might not cover that at all. Note there are differances between water damage. Surface water, water coming back through your sewar, rain damage due to an unmaintained roof, and water coming from a busted pipe.

I recently increased my coverage on contents, including my audio equipment to 100% of the house value. My insurance company did this with no problem (other than the modest hike in the premium). I also had to provide them with an itemized list of the gear and it's replacement cost as well.
Worth the peace of mind in my opinion.

Hi,

Your Homeowner's or Renter's policy insure your contents againt specific named perils and also with stated limits. Please look at your insurance declaration page or ask your agent about the perils and limits. Flood/ground water is not covered under Homeowner's or Renter's policies because it is not one of the named covered peril. Theft, fire, etc. are normally stated as a named peril-however, there is also the policy limits to deal with.

A Personal Articles Policy (PAP)is a specific policy you purchase to insure for any stated item (Stereo, jewelry, art work etc.)that has coverage that extends beyond the normal named perils and you can buy the amount of coverage that is suitable for your system. The policies are usually not too expensive and most of the major insurers sell PAPs.