blu insurance

[elslayer]

So how many of you have your movies insured? I have mine insured through state farm incase of fire or theft.

[My_Two_Cents]

Blus fall under "contents/possessions" in your homeowner/renter insurance policy, so unless you have something worth more than retail value, there's absolutely no reason to insure them separately. Just keep a record of what you have so in case you ever need to make a claim you have proof.

[fatediesel]

Originally Posted by Ricshoe

Blus fall under "contents/possessions" in your homeowner/renter insurance policy, so unless you have something worth more than retail value, there's absolutely no reason to insure them separately. Just keep a record of what you have so in case you ever need to make a claim you have proof.

Yeah, the main reason I have my Blus cataloged on this site is so I have a record of what ones I own in case of a fire or theft.

[Hammie]

Originally Posted by elslayer

So how many of you have your movies insured? I have mine insured through state farm incase of fire or theft.

As Ricshoe said, they fall under contents.

As my insurance, I keep all my movies in DVD Profiler (although I have downloaded and purchased Delicious Library 2, I have not really used it) for an inventory. I then have pictures and keep a copy of the pictures in the "cloud" so in case anything ever gets stolen or destroyed at my house, there is still a copy.

There is also home inventory software. Some of it is pretty good where you can group things by room, item type (jewelry, electronics, media, etc.), etc. and import pictures, values, original receipts, etc. I have not felt ambitious enough to go that route, but insurance companies appreciate the detail when a claim needs to be made.

But as far as getting a separate policy for them, I don't think it would be worth it. Just make sure the contents/possessions value will cover everything. When I recently reset mine, I caculated the value of all our high end expensive possessions and then added som percentage extra for other things like clothes, etc.

[Rob71]

Originally Posted by fatediesel

Yeah, the main reason I have my Blus cataloged on this site is so I have a record of what ones I own in case of a fire or theft.

Snap a few pictures. And keeping your receipts help as well.

[fatediesel]

Originally Posted by Rob71

Snap a few pictures. And keeping your receipts help as well.

I usually take a picture of my collection every month or so that I keep on my work computer and all but about 10 of my Blu's came from Amazon, WB Shop, or Deep Discount so I could print invoices if necessary.

[Blu-Benny]

the only thing extra i had added to my home owners policy was my agent talked to the under writer or whoever to include anything business related in case of fire or theft b/c my shop is in the house.

i like to keep an up to date list of my movies & what not on a usb drive.

[iam1bearcat]

i have pics of my collection on the shelf, and then also each title individually. once i have a camera i'm gonna retake the pics and then keep them on my laptop and in a binder.

...however, if there's a fire, i'll likely lose both those things as well lol but you never know lol

[Hammie]

Originally Posted by iam1bearcat

i have pics of my collection on the shelf, and then also each title individually. once i have a camera i'm gonna retake the pics and then keep them on my laptop and in a binder.

...however, if there's a fire, i'll likely lose both those things as well lol but you never know lol

That's why you can save them to the "cloud." A service like flickr, photobucket, or MobileMe will allow you to save them. I have mine in flickr, but they are not shown to the public. They are under the "private" label.

I update the photos of my shelves monthly so the pics are the most up to date. Not that they would, but if I have pictures over a year old, they may give me a hard time by saying I could have sold any number of them. At least monthly, they would hopefully not give me a hard time.

[U4K61]

Originally Posted by elslayer

So how many of you have your movies insured? I have mine insured through state farm incase of fire or theft.

My Blu-ray/DVD/CD collection melted and stuck together because of fire - what a what a terrible thought... It would cost a lot if I had to replace them. On the other hand, if nothing happens, the insurance company gets my money. I'll go the cheaper route and take my chances.

[Beta Man]

Nobody wants their stuff stolen..... but I'll tell you right now.... from experience.....

If someone came into your home and stole all of your Blu-rays.... assuming you had at least 100 or so, and depending on your deductible.... You'd make out like a bandit.

I had a 2 large binders of CDs stolen in college.... I was just going to say "Screw it" but I had roommates etc... and lots of other stuff was stolen (it was a break-in) and they had to file police reports anyways, and we all had renters insurance.... so I made the claim. The Insurance company gave me $16 or $17 EACH for about 350 CDs..... most of which I bought at the re-sale shop for $5, and probably 150 or so at least were the red-sticker-$2.50 CDs.....

Glad I made that claim! I bet an Insurance company would give you $30 each for Blu-rays, as they factor it from MSRP, then figure in gas, and figure that some may be "special editions" so they just want to make you happy, so they round everything up, and if you say "Oh I had 25 different commemorative gift-sets" etc... they would probably raise the number even more....

Insurance companies aren't out to screw you...... It's a numbers' game.... and homeowners insurance is required by law, and most people go their entire lives without making a claim or a significant one, so Insurance companies don't hesitate to cut checks, because they don't want to haggle with you over what your stuff is worth.

[sfmarine]

Interesting thread and definitely something to be mindful of. It's also a good idea to video tape all of your belongings and store the tape/pics in a safety deposit box.

[Marcus Wright]

Blu Ray Insurance
WTF?

[krazeyeyez]

Originally Posted by Beta Man

Nobody wants their stuff stolen..... but I'll tell you right now.... from experience.....

If someone came into your home and stole all of your Blu-rays.... assuming you had at least 100 or so, and depending on your deductible.... You'd make out like a bandit.

I had a 2 large binders of CDs stolen in college.... I was just going to say "Screw it" but I had roommates etc... and lots of other stuff was stolen (it was a break-in) and they had to file police reports anyways, and we all had renters insurance.... so I made the claim. The Insurance company gave me $16 or $17 EACH for about 350 CDs..... most of which I bought at the re-sale shop for $5, and probably 150 or so at least were the red-sticker-$2.50 CDs.....

Glad I made that claim! I bet an Insurance company would give you $30 each for Blu-rays, as they factor it from MSRP, then figure in gas, and figure that some may be "special editions" so they just want to make you happy, so they round everything up, and if you say "Oh I had 25 different commemorative gift-sets" etc... they would probably raise the number even more....

Insurance companies aren't out to screw you...... It's a numbers' game.... and homeowners insurance is required by law, and most people go their entire lives without making a claim or a significant one, so Insurance companies don't hesitate to cut checks, because they don't want to haggle with you over what your stuff is worth.

Not my experience on both the health and flood front, but we won't get into that but if anything does ever happen to my blu's and/or gear i hope your right about it.

[Sagacious Koreo]

This is all very good to know. I've been thinking about insuring my collection for some time now.

[Musashi]

I work at an insurance carrier and get an employee discount. I added a renter's policy to my apartment awhile back, and not long after that my complex started requiring it.

Smart to have it anyway. I've been lucky that the last few times my place had water disasters none of my stuff was damaged, but there could be a next time.

[I_Like_Movies]

Originally Posted by Marcus Wright

Blu Ray Insurance
WTF?

That was my thinking as well

[Steedeel]

what would happen in a few years time (well, many years) if blurays became obsolete? For example i will probably have around 700-800 discs over the next, say, 8 years or so. If some are stolen, what is the stance on obsolete discs.
I would always keep my blurays so there would be no chance of me getting rid.

Anyone have any ideas?

[Cevolution]

Originally Posted by Ricshoe

Blus fall under "contents/possessions" in your homeowner/renter insurance policy, so unless you have something worth more than retail value, there's absolutely no reason to insure them separately. Just keep a record of what you have so in case you ever need to make a claim you have proof.

Things don't work like that here in Australia, homeowners insurance doesn't cover possessions, it only covers the property itself so we have to have a separate contents insurance policy for all our possessions so they are covered. Most insurance companies here will only cover u for up to $5000 worth of cd's/games/dvd's/blu-rays/game consoles on a standard contents insurance policy, so if u have got more than $5000 worth of all those things combined then u have no other choice but to insure things separately if u want them covered. My blu-rays collection so far has cost me around $12000aud, and before I started replacing my DVD collection with blu-rays, the total cost of my DVD's was over $20000aud. Same with games, most of my xbox360/ps3/ps2 games have cost me $100 each spread out over the last decade (games are $100 each here when they're a new release, every thing is much more expensive here).

I've got all my media separately covered on my contents policy obvious because their value exceeds $5000, but it covers absolutely everything, fire, flood, theft, accidental damage etc, I can even take them out of my home (which I never do though and I never lend any out either) and they are still covered. If I ever decided to take some to a mates house or on holiday for example, then they are covered for up to 60 days while they are out of my home, and if they did happen to get lost, stolen or damaged then I wouldn't need to worry as they would all get replaced with brand new copies or I would be paid out by my insurer for what I paid for them.

[brando79az]

I am am a licensed insurance producer (only in AZ so here is my disclaimer to only take my advice with a grain of salt and to always check your own state and company's insurance and regulations to be certain) but I don't expect much deviation from any state or insurance carrier unless you have one of those sub-standard carriers .

I agree they are covered under contents of a home/renter's policy. There are a few things to consider, however, before you rest assured.
When you look at your personal property limit you need to consider ALL your belongings and not just your collection. If there was a catastrophe you want a high enough limit to insure total replacement of clothing, furniture, electronics... basically anything that would shake out if you could cut off your roof and turn your home upside down. That is difficult to estimate but most carriers offer an inventory checklist to calculate those things for you.
Also, collections are only worth as much as the next guy is willing to pay for it and insurance carriers will typically only pay for actual cash value. What that means is if you have special collectors editions that are limited and out of print etc. you will get the cost of an average blu-ray and not the cost you would get in a collectors' circle. That means, if you have anything of exceptional value you may want to get it appraised and schedule that item as an endorsement on your home/renter's policy. Basically, this is the same as with jewelry, fine arts, firearms etc.
Finally, depending on your policy, the perils are either limited or are subject to exclusions so review your contract to ensure they will actually be covered. Another benefit of scheduling property as an endorsement is that the property is insured for ALL perils (including mysterious disappearance.)