Actually, after reading both your posts, I think Eric, you make some very good points. I am going to ring my insurance company and talk to someone about this. They assure me they will pay "replacement value", which is fine for the MC452, C48 and MEN220, but what about the MR78, MR80, C33, MC2205?The video is great for proof of ownership but it won't be of much help in being reimbursed market value if say, your mint $3,500 MC240 goes up in smoke. You need an appraisal and a rider.
It's not much different than classic car insurance for say, a 1967 Corvette L88 427/435 hp if you want it insured for $400K.
Actually, after reading both your posts, I think Eric, you make some very good points. I am going to ring my insurance company and talk to someone about this. They assure me they will pay "replacement value", which is fine for the MC452, C48 and MEN220, but what about the MR78, MR80, C33, MC2205?
I don't use a broker, costs too much here. There aren't actually that many insurance companies in NZ, so choices are limited....
But thanks for your angle, I'm calling today!!
Excellent thread and one that we should all take heed of. I'm working on getting appraisals for my watches right now and will be making sure to add my stereo gear to my todo list tomorrow!! A good friends house was robbed a couple of weeks ago and his watch was taken and thankfully he was covered and just bought himself a new Rolex GMT with the payout.
I don't see my MC500, MC2300s, or MC2600s going anywhere - especially not with two 100+ lb shepherds on guard ...I just acquired an MC300 to restore. If you own a Mac amp that is 300 wpc or greater, thieves will need a hand truck to remove it.
Then I had her quote scheduled coverage for the stereo equipment (as we do with jewelry and a classic car). The coverage was something like 10% of the value/year, or every ten years I would be re-buying the entire insured collection!