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Contents Insurance for TAG Gear

Discussion in 'TAG McLaren Audio Owners' Forum' started by MartinFXDX, Aug 26, 2005.

  1. MartinFXDX

    MartinFXDX
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    Hi All,

    Am not sure if this forum is the right place for this topic so apologies if it is not! Likewise if it has been raised before.

    My query is about what other owners of TAG equipment do about getting household contents insurance where the HiFi/AV gear represents high individual item values and the total represents a high proportion of the total contents value. I have experienced some problems with this and wondered if anyone had taken out any form of specialist insurance and if so through which broker/company.

    Any experiencies would be welcome. Thanks.
     
  2. Kenny Glasgow

    Kenny Glasgow
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    Martin

    My insurance (through my bank) covers my equipment and my CD/Record collection as well. All I have to do is list every item where the value is greater than £1k
     
  3. alexs2

    alexs2
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    Mine is very similar to Kenny's,albeit via an insurance company rather than a bank,but I also checked to ensure not only would the value be covered,but that they were OK with the type of items being insured...just to be sure they cant quibble too much if the worst happens.
     
  4. GrahamMG

    GrahamMG
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    Double and triple check with the company concerned and get it in writing..... At worst it might mean listing the items specifically..... To sit back and assume your covered isn't wise.......
     
  5. Kenny Glasgow

    Kenny Glasgow
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    Be wary of "New For Old" policies :eek:

    Some Insurance companies also have "preferred suppliers" so you may find your stolen AV192R being replaced with £7k worth od Comet vouchers :eek: :eek: :eek: :eek:
     
  6. GrahamMG

    GrahamMG
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    Not much chance of getting new either........ :( Trying to talk the insurer into supplying Lexicon gear as a replacement might not go to well either.......
     
  7. pgilford

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    Some things to watch for when insuring household contents that include expensive av gear:

    1. You need to find a contents policy where the definition of "Valuables" doesn't include electrical and audio equipment. Otherwise, you will get caught by a "Valuables" limit, which will be much less than the total value of your contents.
    2. Providing your av kit doesn't count as "Valuables", you shouldn't need to separately list it as Single Article Limits normally only apply to Valuables, and you shouldn't need cover outside of the house
    3. Make sure you've got some proof of ownership - eg receipt, box, instruction book, photo etc
    4. If you have to claim, you are entitled to repairs done by IAG, or if it's stolen/not repairable, a replacement with the same gear. Don't expect the call centre staff to have a clue what Tag gear is, so be prepared to stand your ground. If you had an AV192R, you are entitled to another one, if it can be bought either new or secondhand. Don't accept Comet vouchers - that doesn't put you back in the position you were in before the loss.
    5. As Tag don't exist anymore, you may get offered Audiolab instead
     
  8. GrahamMG

    GrahamMG
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    That will be alright then........... but where is my nice scaled feed to my pj gone...... Ideally a cheque for the retai of the units so one can invest in a system that might come close is the best solution, like I said "get it in writing" if the result is at all unclear, there might be in excess of £30k at stake.....
     
  9. MartinFXDX

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    Thanks for comments.

    pgilford identified one of problems I am having in the issue of "valuables". Will have to look at a different company I think. I was just wondering if anyone had used a specialist broker or company.

    Have now got a problem with something not covered by insurance - a broken CD20R :( - see new post!
     

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