1. Sign-up to become a member, and most of the ads you see will disappear. It only takes 30 seconds to sign up, so join the discussion today!
    Dismiss Notice

Insurance On Home Theater Hardware

Discussion in 'Archived Threads 2001-2004' started by Stan T, Aug 26, 2001.

  1. Stan T

    Stan T Stunt Coordinator

    Joined:
    Mar 2, 2001
    Messages:
    217
    Likes Received:
    0
    Trophy Points:
    0
    I'm not sure which forum to put this in so I'll post it here. I know alot of you have really nice home theater equipment. Does your regular home owner's or renter's insurance policy cover your equipment or do you have to get a special policy to cover your electronics? It seems most regular policies have a limit on the amount of electronic equipment that is covered. Can someone recommend a good insurance company that maybe specializes in electronic equipment coverage or doesn't have a limit on the amount covered for electronics?
    Forgive me if this is posted in the wrong forum. I wasn't sure where to ask this question.
     
  2. Tim Hoover

    Tim Hoover Screenwriter

    Joined:
    May 27, 2001
    Messages:
    1,422
    Likes Received:
    0
    Trophy Points:
    0
    My homeowner's policy has a limit of $100K on interior possessions. I pay a little more so that is boosted to $150K and that will pay for the normal stuff (furniture, clothes, etc.) and still provide ample room for the HT and all my musical gear.
    This is probably a "Well, duh!" statement, but I definitely suggest taking pictures of all your gear, writing the model and serial numbers on back, and giving them to your insurance agent. Of course, that is not a good idea if your agent is a known house thief [​IMG]
     
  3. Geoff L

    Geoff L Screenwriter

    Joined:
    Dec 9, 2000
    Messages:
    1,693
    Likes Received:
    0
    Trophy Points:
    0
    This is a touchy are. Be sure to ask a bazillion question.
    Many do not replace equipment dollar for dollar with standard policys. That thing called, time equates to loss of value.
    Some Insurance Companys find new replacements for you, [no check cut to you],if available and if not, because model no longer avail, they take ageing into thier equasion. Most of the time you take a screwing. So be carefull and ask lotsa questions. To be sure you come out of a bad situation ok, fire, theft, flood, etc ~ you may want to check into full replacement options.
    Understand what your buying and how it works!
    Happy hunting
    Geoff
     
  4. Ted Lee

    Ted Lee Lead Actor

    Joined:
    May 8, 2001
    Messages:
    8,390
    Likes Received:
    0
    Trophy Points:
    0
     
  5. Chris S

    Chris S Cinematographer

    Joined:
    Apr 9, 2000
    Messages:
    2,539
    Likes Received:
    9
    Trophy Points:
    110
    Real Name:
    Chris S
    Geoff has a good point. Make sure you find out exactly how the company handles replacement issues. As for documenting my equipment I took pictures of all of my gear and uploaded them to my web server which is in California (I think). Chris
    ------------------
    Home Theater: http://www.hometheaterhost.com
     
  6. Eric Samonte

    Eric Samonte Screenwriter

    Joined:
    Mar 31, 1999
    Messages:
    1,318
    Likes Received:
    0
    Trophy Points:
    0
    Home owners insurance usually has a cap on this. Like the previous other post, just make sure the amount covers everything. As for proper documentation, if u've got an HT site, hey..that already documents everything right?
    ------------------
    Eric Samonte
    Dito sa Pilipinas..may Hom Tiyeter rin kami!
     
  7. Marc S Kessler

    Marc S Kessler Stunt Coordinator

    Joined:
    May 8, 2001
    Messages:
    186
    Likes Received:
    0
    Trophy Points:
    0
    As far as I know, all home owners (renters) policies have a replacement value option. IMO it is money well spent. Most electronics and furniture depreciates very quickly and you'ld be very disappointed on how much you get on a claim.
    If an ins. company doesn't offer replacement value I'ld go elsewhere.
     
  8. Jeremy Hegna

    Jeremy Hegna Supporting Actor

    Joined:
    Nov 28, 2000
    Messages:
    812
    Likes Received:
    0
    Trophy Points:
    0
    Answering your question as to "which ones specialize?" I don't know if you'll find someone specifically for HT or high-end electronics....
    However, I've had great luck with AllState. We do all of our business through them and have for 10 years (home, car, etc.). I did have to provide each serial number for my guns and appraisals for her jewelry, but as far as my HT gear...they said no problem. No need for Serial #s just be aware of the cap. I, too, have a $150,000 cap and it costs about $30/month. [​IMG] Not bad....$350/yr for peace of mind.
    It is a good idea to have documentation of your belongings, but in a serious fire, earthquake, natural calamity...it may not be possible to retrieve your film or documentation.
    This is my reason for going with one of the "big boys" (i.e. AllState, State Farm, Geico, etc.) instead of one of the cut-rate insurers with a ton of small print. If you've worked with a particular agent for a while, a trusting (or non-trusting) relationship should be established....if it's the latter...move on, IMO.
    Jeremy
     
  9. John Morris

    John Morris Guest

    I carry a special rider on my insurance which covers me only on all my computer equipment and electronics up to $60K. I don't think it costs all that much more over my other home owners, car and umbrella policy.
    ------------------
    Take Care,
    merc
    ----------------
    DFAST, 5C, DVI, HDCP, SafeAudio, Macrovision and Lewinski!!!
     
  10. DanC

    DanC Stunt Coordinator

    Joined:
    Dec 5, 2000
    Messages:
    141
    Likes Received:
    0
    Trophy Points:
    0
    I just had my home broken into and everything was taken. My insurance company (State Farm) had me got out to Circuit City and get a bill for all of my replacements and my insurance comapny just wrote me a check for the complete amount. It was a lot eaiser that way because I was able to get almost all of my shopping done in one place. I've never had any problems with State Farm before and this time was no different.
     

Share This Page