Record insurance

[Soul Shaw]

I think that this topic has definitely been covered before, but I need to get my records insured.does anyone know of any insurance companies, that do this kind of specialised cover. Anyone’s input would be much appreciated

   Atb. Paul

[Jamesh]

I use these

Newmoon Insurance Services Ltd

85 High Street

Tunbridge Wells

Kent

TN1 1XP

01892 506884

0845 072 8540

[Guest Shufflin]

how do you value them? I can see what mine could be worth on discogs, is that a valid yardstick for insurance?

[Jamesh]

It's what I sent as is what would be needed to replace and is most easily available figures. Except the ones that haven't yet been sold on discogs

[Lionelonthevinyl]

As stated,  newmoon insurance are very good. Can be insured for when your out djing, at home what ever. They specialise in vinyl record insurance....hope your well Shawy......kind regards...Rob

Edited June 22, 2018 by Lionelonthevinyl

[Davekd]

Mine are insured with Hiscox - they do specialist record collection cover in bands, up to 25K, 25 to 50K etc. Pretty reasonable but don't cover if you take them out of the house, might have to look at Newmoon next time around.

 

Dave

[Jamesh]

Hi Dave. Although the insurer for mine is New moon it appears the underwriter is provided by Hiscox

[Davekd]

Ah thanks , I had better look into the out of house bit.

[Stompingsevens]

So roughly what percentage do they charge per year for insurance. If your collection is worth say £100,000 what would the yearly cost be to insure for that amount?

[Frankie Crocker]

This is a particularly delicate issue. Does your regular home insurance cover record collections? Much depends on how valuable the collection is. If you are planning on taking records out of your house to DJ, there is a risk involved and this can be insured against. Ultimately, your best bet may be to burglar-proof and fireproof their storage.

Sad to say, the biggest risk to your record collection is allowing a fellow record collector to have access to your treasures.

Useful thread though, and thanks for the contact details above as I have had considerable difficulty sorting out insurance in the past.

[Lionelonthevinyl]

Newmoon from memory (I've sold lots since I insured them) put your collection into value category's, 2.5k, 5k, 10k, and upwards, gives you the option with home, and home/djing insurance...it was good cover and easy to sort when I did it....Rob

[Bbrich]

I covered mine with 'home & legacy' as part of the home contents cover and it wasn't really any more expensive than my previous home contents (which wouldn't include the value of my records outside the house). I would say it is worth asking up front (before you have a loss!) as to what proof they would ask for as 'Home and legacy' suggested at least a complete log with all details and values (I do mine on excel) and ideally a photo of each record. Takes a lot of  time to do and then keep up to date but insurance companies are good at not paying out.

It would be interesting to know of anyone has any experience of actually making a claim for loss of records?

Edited June 29, 2018 by bbrich
mispelt

[Dave Rimmer]

On 22/06/2018 at 18:32, Lionelonthevinyl said:

As stated,  newmoon insurance are very good. Can be insured for when your out djing, at home what ever. They specialise in vinyl record insurance....hope your well Shawy......kind regards...Rob

I've looked at the Newmoon website and their policy on vinyl insurance and they say quite specifically that the policy is not designed for DJs.

[Lionelonthevinyl]

Thank you Dave...that's how it was with them when I insured my records....sold most of my big records now (not many!!).. But these were very good when I had some to insure!!....thank you...Rob