I'm wondering what you guys do for your insurance. I've been worried about power surges because our electric has been going off then back on, typical lights flicker and resets the home theater power and clocks. I've got Duke Energy coming out to look at it.
So we are covered for $370,000 contents in the home, but I'm getting a call back later to see if our policy has a max limit on electronics thats a lot lower. The agent says many policies do and she has to look into it for me.
Does your policy have a limit, and if it does, what do you do about it? She said I'd need to schedule it with its own coverage if I do have a max limit on electronics.
Another question, has anyone had to file a claim with insurance to replace an audio component? Wondering how it worked out for you. I have a replacement value policy, so its supposed to pay me enough to go out and buy new. I've got an amp that I bought new for $4400 8 years ago but now it costs $14,000. Wondering if anyone here has had that happen. The agent wasn't 100% sure what the insurance would do for me but thinks it should reimburse me $14,000 once I provide them with a purchase receipt.
How about something like my Prodigy speakers. I bought those used for about $3000 8 years ago. If those got destroyed by a surge or stolen, how would I get reimbursed for those? I'm assuming I'd not get $25,000 to go out and buy a new pair of ML 15a's. I don't even have a receipt for what I paid for them. I do have records for when i replaced the panels. I figure with a site like this, there must be a few people that have had to deal with a situation like that.
I like to sit around and worry about crap like this and it gives me anxiety,lol.
So we are covered for $370,000 contents in the home, but I'm getting a call back later to see if our policy has a max limit on electronics thats a lot lower. The agent says many policies do and she has to look into it for me.
Does your policy have a limit, and if it does, what do you do about it? She said I'd need to schedule it with its own coverage if I do have a max limit on electronics.
Another question, has anyone had to file a claim with insurance to replace an audio component? Wondering how it worked out for you. I have a replacement value policy, so its supposed to pay me enough to go out and buy new. I've got an amp that I bought new for $4400 8 years ago but now it costs $14,000. Wondering if anyone here has had that happen. The agent wasn't 100% sure what the insurance would do for me but thinks it should reimburse me $14,000 once I provide them with a purchase receipt.
How about something like my Prodigy speakers. I bought those used for about $3000 8 years ago. If those got destroyed by a surge or stolen, how would I get reimbursed for those? I'm assuming I'd not get $25,000 to go out and buy a new pair of ML 15a's. I don't even have a receipt for what I paid for them. I do have records for when i replaced the panels. I figure with a site like this, there must be a few people that have had to deal with a situation like that.
I like to sit around and worry about crap like this and it gives me anxiety,lol.