Im going through and itemizing a lot of my crap and making replacement cost estimates to figure out what kind of renter's insurance coverage I will need at my new apartment. I have about 100 - 150 old audio CD's that I have, but most of the stuff is on my computer in digital format now. How would I estimate replacement costs for these CD's? Using a dollar amount of, lets say $3, for each CD, or just slap some arbitrary number on there?

Advise me with your ever-expansive Tdub wisdom...

Note: I dont have all the cases and booklets and shit, just a bunch of the cd's in the cd holder albums stuffed in the back of my closet. My gf said just to take the good ones youd want to replace and say it $10 each, but I feel that since the cases and shit isnt there, it shouldnt be as much.

[Edited on April 15, 2007 at 4:30 PM. Reason : more]

4/15/2007 4:28:23 PM

Think of it this way:
"Replacement value" is how much it would take to buy the same thing again at retail. So even though you only have the CD, how would you go about purchasing just the CD with no jewel case/booklet? Sure, it could be done, but not easily. The point of the replacement insurance is to replace your stuff as if nothing happened. Could you collect all the CDs you now have for $3/each easily?

$10 per CD...or $8 if you feel generous. Remember, you only pay a small percentage of the total value of insurance and if it's under a certain threshold, the cost to you is the same no matter the amount returned (say between $7500 and $10,000 in possessions).

4/15/2007 4:40:51 PM

seriously though, is your cd collection really gonna make your insurance that much different?

4/15/2007 4:47:06 PM

Makes sense, I'll keep it in mind and see how it affects the cost of the insurance (along with all the other used stuff i could or couldnt put on there).

4/15/2007 4:53:41 PM

150*$15.00=$2250

4/15/2007 4:56:17 PM

i dont see how it's so important to figure this out to the last detail if nothing has happened yet

my 10k$ of coverage (250 deduct) is like $50/year (no hurricaine, no tornado)

so-- take pictures of the CDs, stuff you own, etc, maybe even catologue titles.... but i wouldnt be so picky about values at the moment unless you're considering like a 10,000 to 20,000 jump in value.

Agreed?

4/15/2007 5:05:48 PM

They dont even ask you to itemize. You just pick your coverage, rough it out and pick one. Lowest possible is like 15k.

4/15/2007 5:06:09 PM

OK, thats good. Ive never had renters insurance before, so I didnt know if it was based on the value of your stuff, or just a value of coverage that you wanted. Adding in a low value for the CD's, I'm still just over 10k, and I'll be bringing in some more stuff when I move into my new place, so I guess getting around 15k coverage sounds about right. I'll see what the rates are.

4/15/2007 6:34:51 PM

I pay $50 a year for 12k property/300k liability renters insurance through Farm Bureau ($500 deductible).

You just need to estimate how much your stuff is worth and choose a level of coverage based on that. If I lost everything, I think 12k would get me a good start.

[Edited on April 15, 2007 at 7:10 PM. Reason : ?]

4/15/2007 7:08:45 PM

always take pictures of your stuff

i need to do that for my homeowners insurance....I have 300K in personal property protection

4/15/2007 7:29:37 PM

Most places rates suck unless you get other insurace from them. I went with one I found online, much better rates for the coverages.

4/15/2007 7:58:29 PM

i guess i pay too much. paying like 170 or so for 20k.

4/15/2007 8:03:37 PM

yea, who's that with?

4/15/2007 9:15:53 PM

bttt

5/15/2007 6:27:44 PM

keep in mind "use it and lose it" policies

in florida if you file a renter's claim, you can pretty much expect to be turned down for homeowners

in other words, dont use it unless it is truly catastrophic.

5/15/2007 6:49:44 PM

^ what the fuck is this noise

why bother with renters then if you ever want to buy a house

5/15/2007 7:01:32 PM

if you get it with your car insurance company, it's basically free

5/15/2007 8:21:34 PM