Insuring NAIM kit

Zurich I have found to be the best.

I would also suggest contacing your local Naim dealer, explaining everything to them and getting them to give you a formal quote for replacement with new (especially helpful in a new for old case). Might cost a couple of quid but would be worth it.

They might also be able to give you the current s/h value.

The downside could be that if you have this in your possession and the worst happens, you might have a hard job explaining to the Insurer's that it wasn't you nicking your own equipment !

hello Potiriadis, ijust recently had cause to make a claim on my home contents policy.
my ITTOK LV111 suffered an accident which rendered it US.
i phoned my insurance company LIVEROOL&VICTORIA and the claim was settled very quickly.i now have a brand new EKOS/LINN T-cable on my LP12.
my gear is insured for approx 20k and i'm assured my policy will not change significantly next year.
i'd phone my local NAIM dealer for your price list.

quote:

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Seriously, the standard contents insurance will normally cover X Amount per item, £3000 lets say for HIFI/Video/TV items etc. Why are you contacting your insurer to have them specifically insured?

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Not "New" for "old" and probably not 3000GPB per item on HiFi/Video/TV jüst "total". Anyway 3000 would hardly be enough if everything went.

Best also to ask what prospective insurers require in the way of security improvements. Often for high value "visually obvious"items such as HiFi they want better locks and even alarm systems.

GEOFFP

Potiriadis

I think PR is correct. A couple of weeks ago I received an insurance renewal notice which stated unspecified items where insured up to £700.00. I asked if my seperates system was based as one item or numerous items. After consulting with her supervisor the lady told me, only items that where bought on the same are classed as one item.
Also, as I am insured new for old they will replace my 62/110 with the nearest current model.

Fatcat

Why not try the prcatical route? I suggest you trial insurance by Smith & Wesson, or for slightly higher premiums without the Clint Eastwood-type associations, try also Insurance by nasty rottweiler. There's the bonus of having dog-rolls handy as weapons to fend off would-be robbers, and the excercise you'll get. you know it makes sense.



Rico - SM/Mullet Audio

Thankyou for your kind responses and some sensible advice. My issue is that for new for old insurance I need proof of value in the form of receipts as well as photo records of the kit. A firend of mine had jis hifi and music/dvd collections tolen, and despite having photos of the kit the insurance only gave him 80% value for his loss. On another issue a fellow NAIM owner who had paid for extnesive insurance was told to go to Dixons of Currys to get quote for the repair of his Kit after som mice ate the cablee, it too 8 months for them to come round to the fact NAIM kit had to be serviced or repaird by NAIM, trying to convince an insurance company that your cables are worth several hundred pounds on top of the kit itself is also frustratingly difficult.

Help Bunnys everywhere!!!!!

No Seriously, everywhere!!!!!!!

If you are to make a biggish claim to recover a loss do what the Insurance companies do and use a loss adjuster to get your true value.

The insurance company I am with require all individual items over £1k to be named on the policy and that for all items over £10k they wish to see the original of the receipt from the vendor.

Derek

<<Have you checked your PTs today>>

Based on my experiences thus far - the hifi, and for that matter too the record/cd collection, takes one well beyond the remit of the normal number of bedrooms based contents policy.

I am insured via DirectLine who, amazingly (well I thought that), were the most competitive.

I was advised by Direct Line (and the underwriters too) to maintain schedules of the more significant items of content including serial numbers and photographs (in the context of the home) too. Additionally, I was advised to keep a file of as many recipts as possible. I am also required to maintain an inventory of the record/cd collection. All of this will help satisfy the basis of a claim in, hopefully the unlikely, event of a claim in the future.

The underwriters also visited the house to: a) satisfy themselves that there was no case of underinsuring or for that matter deliberately overinsuring and b) check upon security measures. As it happened the underwriters made modest recommendations relative to improving security and was given a thirty day period of grace to upgrade security measures.

The premiums are in my view quite reasonable.

I have had experience of a claim in the past eighteen (?) months. My then two year old son managed to play amateur dj with my LP12 and in the process destroyed the cartridge. After the initial incredulity of the claims people that a cartridge alone costs more than most people's music systems the claim was settled by way of providing estimates for replacement (simply obtained a note from a dealer and downloaded pricelists from the internet). The claim was paid out promptly albeit the cheque was made payable to the dealer.

Hope this helps.

Mike

I have said it before and I will say it again, Zurich.

They asked for a list of the equipment and how much is compnant was worth (I sent a piccy as well)
They also asked how many CDs and Records I had and approximate value.

Then they insured me, job done.

When I had a full Naim system (CDS2/52/Super/135/SBL/Fraim) Legal and General were the only insurer we found who'd cover everything without having to name or specify individual items values.
All we had to do was raise the total contents limit to include the systems replacement value.

Hope that Helps

P

What are you running these days, P?

Rico - SM/Mullet Audio

Hi Rico

Check your Private Topic thing

P

Chubb insurance don't ask for everything to be listed, though it is helpful to have receipts etc.
I also asked my dealer (New Audio Frontiers) to list all my equipment, with serial numbers, current prices etc. which the insurance company have on file.
It's new for old policy, so my Linn Ittok would become a Ekos or hopefully an Aro.....

However, hopefully, I won't have the problem :-)

For anyone, make sure you're properly covered.

I tried "Direct Line" etc. but as soon as you mention 7 bedrooms and high value contents, it doesn't seem to fit in with there "normal" quote system - I gave up with them...... Hopeless to even get a quote out of 'em.....

Computers are supposed to work on 1's and 0's - in other words "Yes" or "No" - why does mine frequently say "Maybe"?......

I use Marks and Spencer Home insurance as they will pay up to £4000 per individual item.

The cover also incudes my Buildings insurance - for a 4 bed detached house with separate double garage - and the total cost is very reasonable.

Maybe worth you getting a quote!

Regards
Geoff

PR - is there really no single item limit with NU? Is that a certain type of policy?

FWIW with Hiscox you only have to declare items worth over £5k each (on a new for old basis). But I suspect they're not the cheapest.

Almost everyone I tried wouldn't quote with items worth more than £2-3k each.

Stephen.

Stevo

Hiscox quoted me last year and it was about half the price of the company I am with -

It was almost too cheap...

Derek

<<Have you checked your PTs today>>

If you are re-insuring (or even not), it's worth checking that you are covered for damage due to lightning.

I checked after seeing a flame shoot out of the cable tv feed..............

regards,
"Sparky"

Brian OReilly

quote:

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Originally posted by Jedster:

worth bearing in mind that if your total cover limited doesn't cover all your clothes, furniture, etc, you do risk getting any claim adjusted down. They will tell you that you should have been paying a premium on a higher limit and therefore are not eligible for cover for the full 35k. I'd consider upping your limit.

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Jed,

that's wise advice.

As far as NU goes, I recently asked on my policy with them, and was told that although there was a limit on "valuables", this did not apply to HiFi (which was also covered new-for-old with accidental damage).

I know that NU do at least two Contents policies, one of which is rated on the number of bedrooms in the property (and a pre-defined sum0insured), and the other wher you simply state the total value that you need to be insured. I have the latter, and don't know any details of the former.

Also, NU & NU Direct are two different companies, so this may not apply to NUD. You may well be better of going to a broker, anyway, as they should be able to answer these questions.

You should be able to get hold of a specimen policy wording, and you can check this out yourself, too.

cheers, Martin

E-mail:- MartinPayne at Dial.Pipex.com