Well I started counting the CD's and LP's I have and scared myself to death at how many there are.

I hate to think what the insurance premium would be if I value them for replacement cost.

.....so who has taken out insurance on their music software and who like me has not really thought about it (until now).

regards
Geoff

quote:

.....so who has taken out insurance on their music software and who like me has not really thought about it (until now).

I haven't but probably should. I did for my hardware and my software would cost more to replace (that which can be replaced).

Matt

Dear Geoff,

I have never counted exactly!

It is, with my scores, books, and photos, all that counts. Now I could never value that, especially as so much is deleted, and no longer to be found at any price!

George

quote:

and my software would cost more to replace (that which can be replaced).

....Yep that's what dawned on me aswell.

Matt and George

As you both point out there is a lot of music which either defenitely or probably can't be replaced.

...better get that fireproof vault built

Geoff

Yes, Tim and I have valued our collection of over 4,000 cd's and 1,200 vinyl items and have a special insurance cover to the value of £50,00 specifically to cover them. Some of it is priceless and rare stuff

quote:

....so who has taken out insurance on their music software and who like me has not really thought about it (until now)

Hi Geoff

My insurance covers my record collection (vinyl and CDs), but I don't know what would happen if the very worst happened - after all a signed HMHB album must be worth a King's ransom at least. I think you'll find your household insurance covers it - take some photos of your record/CD racks and make sure you have a list of what you've got. My hardware is explicitly insured as part of my policy - except speakers which are classified as furniture.

ATB Rotf

I've recently been catologueing my collection using the discogs website. So i always have a record of it, should the worse happen. It takes time, but i find comfort knowing it's safely catalogued. It's also good to see what the market value for some of my rarer vinyl is worth too.

quote:

I think you'll find your household insurance covers it - take some photos of your record/CD racks and make sure you have a list of what you've got. My hardware is explicitly insured as part of my policy - except speakers which are classified as furniture.

....Not where I am. I had to take special insurance to cover my HiFi kit including speakers and I had to fit a security alarm system to get the 70K cover I needed

I would have to do as Symonds has done and take special insurance which I guess would need to be somewhat similar in total for my collection.

When you look at how much rare LP's are selling for 2ND HAND I think a lot of us here have a very valuable investment we don't think about much.

.....quick get an HDX and some extra HDD capacity. It is beginning to look cheaper than paying insurance.

regards
Geoff

quote:

Originally posted by Geoff P:

.....quick get an HDX and some extra HDD capacity. It is beginning to look cheaper than paying insurance.

regards
Geoff

My thoughts exactly: Keep a pair of copy HDs [via PC transfer] in a secure off-site place, and the issues is catered for ...

George

quote:

Yes, Tim and I have valued our collection of over 4,000 cd's and 1,200 vinyl items and have a special insurance cover to the value of £50,00 specifically to cover them. Some of it is priceless and rare stuff

Lol - they look rather splendid too, in their new cabinets...only a selective 'few' allowed to view!

I'm more interested in sorting insurance out for a £6.25k piano, that would actually cost, w/o discount, £8k to replace! Ouch

My contents insurance with Hiscox covers everything in the home - no need to specify hi-fi equipment or music collections. The main thing was just to make sure that we are not under-insured. When you take a walk around the house it's amazing how the cost to replace mounts up!

Mark

quote:

....Not where I am. I had to take special insurance to cover my HiFi kit including speakers and I had to fit a security alarm system to get the 70K cover I needed

Sorry Geoff - you're right my set-up is not at the high-end so I was OK provided I gave model numbers and so on - I think there was a £20K limit. If I won the lottery and got a 552 then I'd have to have special insurance.

Like Mark my previous insurance didn't need me to specify the hi-fi kit by item, but it cost more than double what I'm paying now.

ATB Rotf

quote:

Originally posted by ROTF:
Like Mark my previous insurance didn't need me to specify the hi-fi kit by item, but it cost more than double what I'm paying now.

ATB Rotf

My Hiscox premium was no more expensive than the renewal quote I had from the previous insurer (esure, I think). I was pleasantly surprised.

Mark

Snap Mark. Hiscox is ideal. I doubled the value insured recently and it really didn't double the premium.Not having to specify anything is really good. However, I was stuffed when I had 15 grands worth of camera gear stolen from my car in December. Anything not locked in the boot or glove box ain't covered!