I know that the records in my house are covered in our insurance, but
not all of our records. When I originally got my insurance, I had to
estimate how many records we owned. Our insurance will only cover so
many "vinyl records", these are considered collectables and for any
additional coverage we pay for an extra floating policy. I have one on
my wedding ring, records,computers, and the studio equiptment. I would
really recommend anyone who has thousands of records looking into this.
We also have a business floater on the record store that sits in the
basement for the other excess records. Originally, insurance would only
cover up to $2500 on all your collectables. Collectables could be stamp
and coin collections,framed art, furs, sculptures, vinyl records, record
players, golf clubs, ect. To be honest my insurance agent had no idea
people collected so many records! Just be sure to review you policies..
and yes get pictures!
~E
Joking aside, a household contents insurance policy should cover it. You
would need to be aware of whether they classify a collection of items as
a 'single article' because your single article limit will probably be
less than the sum total of your records. The other thing to do is take
photographic evidence of your collection which you can present in the
case of the claim.
