Your Current Insurance May Not Be Enough
Are your coverage limits less than your collection value?
Policies have limits on how much they will pay for personal property. If your record collection is extensive or valuable, the standard coverage amount might not be enough.
Do you need a rider for high-value collectibles?
Some policies classify high-value or collectible items separately and may have lower limits on what they'll pay out unless you add extra coverage (called a rider or endorsement). If you have rare or expensive records, it’s a good idea to check if they need special coverage.
Are you covered in case of flooding?
Standard policies usually don’t cover damage from floods or gradual deterioration (like warping from heat or humidity).
Does your replacement value assume depreciation?
Some policies only pay for the depreciated value of the records, not what it costs to replace them.