[78-L] Collection insurance

Bill McClung bmcclung78 at gmail.com
Fri Dec 14 10:53:51 PST 2012

About a year ago my wife asked me to find out what it would cost to insure
my 78s.  I had over the years used Osborne to get some idea of prices.  I
used the low end of his range per title for the ones I had cataloged even
if the disc was E+ and gave State Farm a ballpark dollar number and their
estimate was such that we declined.  They simply used a formula that was a
percentage of the total estimated value.

But it is an excellent question and I'd like to hear from others as well.

And don't get started on Osborne. I don't know what else there is that is
as comprehensive or simple to use.

On Fri, Dec 14, 2012 at 12:18 PM, Cary Ginell <soundthink at live.com> wrote:

> Have we discussed various ways of insuring our collections recently? It
> seems that there is a growing number of websites that offer protection for
> loss or damage of "vinyl" collections (although shellac is rarely
> mentioned). Here is one such company:
> http://www.recordcollectorsguild.org/
> Companies that sell regular home insurance, such as State Farm, also offer
> insurance, but I'm wondering if you wouldn't get better protection from
> companies that specialize in collectibles.
> I would like to know who among us has insured their collections, with
> whom, and what they had to do to get it done. I've seen companies that want
> you to photograph each and every item in your collection (unreasonable for
> most of us), but most will accept a database. What I'm concerned with is
> how to determine the value of each item and how much information is needed
> for each item. I have a database with every record I own listed, including
> title, artist, label & catalog number, but no condition and no value
> indicated. I was considering going through all of this next year and at
> least putting rounded figures for each item. The average 78 in E condition
> would probably be worth $5-10 without really stretching it. But what about
> things like test pressings, DJ copies, alternate takes, etc?
> In the wake of Hurricane Sandy and other unknown, upcoming natural
> disasters that are probably just around the corner, I think it is
> imperative for each of us to protect our valuables from occurrences that
> are inevitably going to happen (and I'm coming from earthquake country, so
> I know there's the threat of The Big One that is imminent at any time).
> Does anyone have their collection insured? If so, with whom, and how did
> you go about doing it. Let's discuss.
> Cary Ginell
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