Question Insurance for your systems ?

[Noid]

I recently bought a home, and added a rider for my 4 computers.
Turns out they wont take the rider until I produce Serial numbers and date of purchases.
I have invoices for all my stuff. And, original boxes for most components.
However, I tossed alot when I moved.

My homeowners only covers $1,500 in electronics.
( my TV is 1,500 lol )

So, needless to say .. I have ALOT of data mining to do.
Every component needs to be inventoried.

Not fun.

My Q is ...

1. Are you fully covered on replacement costs ?
2. Did you have to provide serial numbers for each component ?

TIA

 

[mindless1]

If these were self built, which component do they want the serial # from? Seems like it would be a massive hassle to inventory each component in every build, maybe call your agent and see if there's a more customer friendly way to do this or to up your electronics limit?

Some insurers like Progressive do offer a "gaming" computer policy.

 

[RLGL]

I have a list of S/N's for all of my items, includig tools and photos of the cartons they come in. Been doing this for years.

 

[Noid]

Homeowners only $1,500 max on electronics.
That only covers a cost of a TV lol.

My initial rider was for 15k.
The HP laptop was added back to my rider. ( $1,800 )

I have submitted invoices and serials on my gaming PC.
( Only could account for major components = $3,500 )
attached screenshot of invoices, and photos of box S/Ns

Unable to account for fans, cables, software, supplies needed for building.

My agent is waiting for underwriting to reply.
If all goes Ok. I will submit my other 2 PCs the same way.

My policy is a standard RPL.

IMO - these policies are outdated. No one has under $1,500 in electronics these days.

( My two iphones - stereo - TV - UPS unit - router - modem - and other crap in my inventory need to be added also ... )

 

[Ajay]

Crap - never check that! $1500 max! Geez, two iPhones, 2 iPads, stereo, TV, UPSx3, router, modem, Apple TV, 2xMonitors, 3x PCs + File server and two printers. Guess I'll add this to the Todo list.

 

[ProfAaron]

Homeowners only $1,500 max on electronics.
That only covers a cost of a TV lol.

My initial rider was for 15k.
The HP laptop was added back to my rider. ( $1,800 )

I have submitted invoices and serials on my gaming PC.
( Only could account for major components = $3,500 )
attached screenshot of invoices, and photos of box S/Ns

Unable to account for fans, cables, software, supplies needed for building.

My agent is waiting for underwriting to reply.
If all goes Ok. I will submit my other 2 PCs the same way.

My policy is a standard RPL.

IMO - these policies are outdated. No one has under $1,500 in electronics these days.

( My two iphones - stereo - TV - UPS unit - router - modem - and other crap in my inventory need to be added also ... )

You‘re absolutely correct. However, until people make an issue of this I think insurance companies will do nothing. It works to their advantage after all. Most people, myself included, would never think to check something like this so it would save the insurance company from covering tons of electronics while charging the same.

Here is my question: how do we effect change on this or, rather, how to we make an issue of it enough to get insurers to update these policies?

In re: to the original poster: serial numbers would be awesome but, to be honest, I would think that pictures and/or receipts would be just as good. A high quality digital image might be enough to record both your possession of the items you’re claiming as well as the serial number in question (at least sometimes). This is a lot of effort though. I would think that most decent insurance companies would have provide coverage if you could show that you purchased the item(s).

Just my 1/50 of a dollar.

 

[Noid]

The insurance industry is desperate. Raised all the rates to offset losses on people who don't live in danger zones. Called my agent to drop my rider. Dropped my full coverage to liability on my 25+ yr old Honda.

Illinois has legislation to control excessive rates here.
Even my agent isn't happy. --- > lolz

Call your legislators to get action !
Don't let these agencies take us to the grave with them.