Insuring your records

[Soul Shaw]

Are there any insurance companies that will insure your records

atb. Paul

 

[Amsterdam Russ]

Insuring record collections is a topic that has been raised on here before.

Here’s one thread: 

And another when you asked the same question back in 2018:

 

And there are a few others to be found here:

https://www.soul-source.co.uk/search/?q=Insurance&updated_after=any&sortby=relevancy&search_and_or=and&search_in=titles

[Lionelonthevinyl]

The best used to be new moon insurance but dunno if there still doing it?? Hope your well Mr Shaw...Rob

[Johndelve]

Hiscox will do it without much hassle: they are insuring my records.

[Soul Shaw]

Thanks John, I will give them a call

atb

[Keamus]

Hiscox are no longer offering collections insurance to new customers. Existing policies are ok - 

https://www.hiscox.co.uk/collections-insurance/contact-us
 

 

 

[Jnixon]

Musicguard 

[Tricky]

Am I looking in the right place.

Just looked up Musicguard but can’t see any cover for records.

[Tricky]

New Moon was looking ok until I realised I need new doors and windows and patio doors compatible to Fort Knox.

[Zoomsoulblue]

I don’t doubt you can insure you’re records - what puzzles me is how the hell you claim and what documentation you need to back it up with ?

Pictures / receipts / verification off a so called expert - who’s to say you insure you’re Don Gardner for 20k only for the flowing week someone broke in and stole you’re play box  with it in - but it was not a real one - but the person knew that when they insured the collection - as did there mate who slipped in got the box and is now splitting the small collection down and selling it off

Pay out from the insurance people and double payout through selling the records ??

It reminds me of a mate who went to Spain yeas ago came back and claimed he lost a 3k Rolex - the insurance company asked for full documentation/ where he brought it / receipts the lot - saying you brought it off a bloke in a pub is not going to be enough - hang in but that’s what we use to do a venues just buy them off a bloke in a record bar

[Jnixon]

12 hours ago, Tricky said:

Am I looking in the right place.

Just looked up Musicguard but can’t see any cover for records.

Ring them they will do it. 

[John A]

2 hours ago, Zoomsoulblue said:

I don’t doubt you can insure you’re records - what puzzles me is how the hell you claim and what documentation you need to back it up with ?

Pictures / receipts / verification off a so called expert - who’s to say you insure you’re Don Gardner for 20k only for the flowing week someone broke in and stole you’re play box  with it in - but it was not a real one - but the person knew that when they insured the collection - as did there mate who slipped in got the box and is now splitting the small collection down and selling it off

Pay out from the insurance people and double payout through selling the records ??

It reminds me of a mate who went to Spain yeas ago came back and claimed he lost a 3k Rolex - the insurance company asked for full documentation/ where he brought it / receipts the lot - saying you brought it off a bloke in a pub is not going to be enough - hang in but that’s what we use to do a venues just buy them off a bloke in a record bar

I agree, insuring them would be the easy part. Making a successful claim? Not so.

[Steve G]

23 hours ago, Zoomsoulblue said:

I don’t doubt you can insure you’re records - what puzzles me is how the hell you claim and what documentation you need to back it up with ?

Pictures / receipts / verification off a so called expert - who’s to say you insure you’re Don Gardner for 20k only for the flowing week someone broke in and stole you’re play box  with it in - but it was not a real one - but the person knew that when they insured the collection - as did there mate who slipped in got the box and is now splitting the small collection down and selling it off

Pay out from the insurance people and double payout through selling the records ??

It reminds me of a mate who went to Spain yeas ago came back and claimed he lost a 3k Rolex - the insurance company asked for full documentation/ where he brought it / receipts the lot - saying you brought it off a bloke in a pub is not going to be enough - hang in but that’s what we use to do a venues just buy them off a bloke in a record bar

Insurers use the JM price guide for claims. I know this for a fact. It's no different to insuring stamps, models, enamel signs, art, pottery or a host of other weird things that people collect etc. 

Insurers require declaration of high value content items before insuring them, so if you are insured, you will have sent them this pre inception. 

There will also be an agreed sum insured for the records in the event of theft, fire, accidental damage etc.

Some will even insure your record box when going out, but not for the "value of several houses in Hull" which is where some northern boxes are right now.

Steve

 

 

[Jnixon]

1 hour ago, Steve G said:

Insurers use the JM price guide for claims. I know this for a fact. It's no different to insuring stamps, models, enamel signs, art, pottery or a host of other weird things that people collect etc. 

Insurers require declaration of high value content items before insuring them, so if you are insured, you will have sent them this pre inception. 

There will also be an agreed sum insured for the records in the event of theft, fire, accidental damage etc.

Some will even insure your record box when going out, but not for the "value of several houses in Hull" which is where some northern boxes are right now.

Steve

 

 

This. 

And that’s why I used musicguard as the insured my tunes outside my office even abroad and including any equipment I took. Just explained my DJ set up. Frequency of trips etc which is now zero actually. 

They just asked me to list items over 1k, which is no different from household cover applications. 

Never had to make a claim tho did read the contract properly and as someone who was in the game for a few years in a previous life it didn’t seem overly unusual at all.