Insurance for Naim gear

Posted by: pcm on 25 February 2001

Can anyone help me with the problem of securing adequate home insurance to cover expensive Naim equipment? Currently my home contents insurance would not come anywhere near giving me replacement value in the event of a total disaster ~ which would be a total disaster! Are there any specialist high-end hi-fi insurance policies out there?
Happy listening!
pcm
Posted on: 25 February 2001 by Tony Lockhart
We are insured with AA insurance, and our stuff is covered without limit as long as it isn't portable. They don't even require a list of serial numbers. Competitive price too.
Tony
Posted on: 26 February 2001 by Andrew L. Weekes
If you have any public sector workers within your household I've found Zurich (who are Eagle Star now) to offer very competitive rates and excellent service.

Andy.

Andrew L. Weekes
alweekes@audiophile.com

Posted on: 26 February 2001 by ken c
hi folks, i have a suggestion.

i know quite a lot of people who are members of ths forum are IT savvy. why dont we get a layer of protection in place by setting up a database of serial numbers of all our equipment? that way, whenever there is a theft, we can at least be in a position to check any "fell off the back of a lorry" items going for sale wherever. depending on size, i cannot see why this cant be an excel dataset, but may be better in Access. of course, this kind of system requires contributors to make it work -- so i would be interested in any views.

note that this doesnt prevent burglary -- it just gives you another layer of protection -- for your equipment -- and when you are offered something for sale as well... any views??

enjoy...

ken

Posted on: 26 February 2001 by Martin Payne
Jason,

CGU has now merged with Norwich Union. I believe I get the same cover from NU (not NU Direct). Check that the policy hasn't changed before taking it up.

Sending a list of items (+ new replacement costs) is well worthwhile, as is having a photograph of the system.

Suggest you also consider the replecement cost of your CDs and/or LPs.

cheers, Martin

Posted on: 03 March 2001 by pcm
Thanks to all 7 who offered suggestions.
This may be of help to others in the same boat: I have approached M & S who act as agents for CGU (now under the Norwich Union umbrella) and do not put an upper limit on your household goods and will take on expensive hi-fi as long as items costing over £4000 to replace are declared and then, at their discretion, they may impose the following 2 conditions: locks on all entry/exit doors to the British Standard they (M & S)currently support and a "police aware" intruder alarm. This will then cover ALL risks. Even without the intruder alarm they are prepared, in my case at least, to accept all risks to all items except theft of items over £4000.
My friendly local alarm installer has quoted me about £600 to buy & fit and another £320 to "commission" the alarm for the first year and £120 in subsequent years for insurance approved maintenance.
May your power supplies burn brightly!
pcm
Posted on: 03 March 2001 by Martin Payne
I don't know if they still offer them, but at one point NU were the largest installers of alarms in the country.

There was a small monthly charge, which was applicable over several years.

cheers, Martin

Posted on: 08 March 2001 by andrew mcmullins
I have a friend who is a harpist this is much like our beloved toys in that it is very expensive equipment which causes problems with house contents insurance. However, Salvi (the manufacturer) keeps a database of who owns what and if buying second hand will let you know if there is a problem.

Thus, I think the idea of having a database might be a good idea if you could get people to subscribe to it. smile

Posted on: 08 March 2001 by ken c
hi andrew...

quote:
Thus, I think the idea of having a database might be a good idea if you could get people to subscribe to it.

i am surprised that there hasnt been much response, +ve or -ve, to this idea...

enjoy...

ken

Posted on: 08 March 2001 by Martin Payne
I would be very worried about the security aspects of a publicly accessible database.

Martin