Wigwam Jones
Caesar non supra grammati
I'll admit to a touch of the O-C, but my impetus was insurance purposes. I realized I spent a lot of time and $$$ acquiring my collection so it behooved me to keep a good record of it should, God forbid, a disaster happen to it.
Not that I'd expect an insurance company to really pay out true market value for each disc in event of such a disaster, but the more of a well kept record I have of my...records (lol) the better it might be for me legally.
It's quite reasonable. If you're O-C, you might want to have a chat with your insurance agent, as well. There are (as I understand it), lots of ways to insure your collection, particularly if it is rare, valuable, hard to replace, or etc.
One way is 'stated value' where you just say what it's worth, pay the additional premium, and if you suffer a loss, you get a check for that amount.
Another is by having a policy that is replacement cost or replacement value. I'm not real clear on these anymore; I used to know. Maybe someone could help me out here.
But the basic idea is that if you suffer a loss under one scenario, the insurance company gives you the depreciated value of the lost items in the form of cash. In the other, they give you the money it would take to replace them, like for like. In some cases, they even have specialists that go out and find the items, buy them, and send them to you, instead of cutting you a check.
But frankly, you bring up a good point. Insurance is important, and many homeowners policies have limitations on them for electronics, jewelry, guns, and other categories that a lot of enthusiasts or collectors would zoom right by easily. In other words, you lose your listening room and find out you get a check for a couple thousand, when you spent that much on your freaking speaker wires (not me, but some of you propeller-heads).
And with the recent example of severe storm damage in the Northeast US, you might want to be sure you have flood insurance. Most homeowners does not cover floods, period. You get a flood and have no flood insurance, it is going to suck to be you, big time. Also, most homeowners insurance doesn't have a provision for backed up sewer lines UNLESS you ask for it. It's cheap and they'll sell it to you, but not if you don't ask, because they do not like to sell it. You could find that you have flood insurance that doesn't cover the drains that backed up after or during the flood, and homeowners insurance that also doesn't cover the drains.
Ask your agent. Important stuff, especially if things like this keep you up at night.
And i'm teasing about all the O-C words I used. Propeller-heads. Hehehe.