Renters Insurance?

I came home this past Friday to find my whole house about 2 inches deep in water. I had a water line bust in my kitchen and it friggin flooded everything. I spent hours that night moving furniture and ripping up carpet. The room right next to my kitchen is my living room.. which took the brunt of the damage. Well in there is my JCM 2000 DSL full marshall stack, my crate gcx40, both my ibanez's (one a les paul custom collectors item) and my fender acoustic. Now the acoustic was on a stand up off the floor.. one of my ibanez's was sitting on the floor propped up against the wall. LUCKILY none of my equipment was damaged. I had some furniture damage but who cares about that? :P. Now the reason for me babbling about all this? Well I didn't have renters insurance. Luckily I am fairly ok with the damage I got. I can afford to replace the few things that are destroyed. But the main reason I never got renters insurance is because I figured I couldn't afford it. OK so yes I was a moron for not atleast checking into it. I called yesterday to see about getting it. I live in Pensacola, Fl and am within 2500 feet of the water so I thought it would be outrageous. A $25,000 policy is only going to cost me $18.67 a month. Ugh I wish I had done this sooner. Now.. one more key point. I'm not sure if this is just the insurance company I am going through (State Farm) or not. That policy covers all of the contents of my house EXCEPT for my musical equipment (why I have no idea). I am taking out a seperate $5,000 dollar policy on my guitars and amps. That's only going to be $45 a year. Well worth it in my opinion.

Well.. I just wanted to warn everyone. If you think it can't happen... finding your guitars destroyed would be a bad way to find out it can! If you rent and don't have renters insurance check into it. If you do have it.. make sure it covers your musical equipment. I don't know about insurance in other countries but where ever you live I would check into some insurance if you don't already have it! It might not be as expensive as you think!

Thanks. Got an eye-opener there. You never know what may happen.

I've been meaning to get Renter's Insurance too, but I'm glad to know it doesn't cover my musical equipment - probably because musical equipment has a tendancy to venture outside the apartment on a regular basis. Anyway, I'm using State Farm too, so that's actually really helpful.

Thanks.

Whenever you take out renters insurance you have to take out a seperate policy for anything out of the ordinary that is of any value (jewerly, stereo equipment, musical equipment,etc...).

OK.. just got off the phone with the insurance company for the zillionth time :P. When I was first going over everything with her she asked me if my computers were for business since I work as a programmer. My home computers are not so I told her no. She never asked about my musical equipment. I called back to ask her if my equipment was covered if I was playing a gig or just in my house. Of course the first thing she asked was if I made money off of them. Since my equipment is business the price went up 10 bucks a year. No big deal. Now my contents insurance is a $500.00 deductible. I took out a 5k policy on all my musical equipment. Total for the 5k policy is like 56 dollars a year with NO deductible! Well worth looking into if you don't already have it!

I am glad this thread helped some people. I know this experience has definetly opened my eyes :P