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Thread: Sewing Room Insurance Value

  1. #1
    Senior Member roxie623's Avatar
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    Well we had an adjuster come to the house as we are renewing our homeowners insurance. We go into my room and I try explaining to him about the cost of fabric. You might have thought I had horns growing out of the top of my head. I showed him receipts and such for all of my machines and asked him to put the total replacement value of my room at $100,000.00. I truly don't think that it would cover it all but he said the insurance company might not let it be that high. How do you figure the cost to replace? My god I have 5 years worth of mags alone (10 - 15 different subscriptions) beading supplies, painting supplies as well as all of my quilting supplies. I took video of everything I have that is quilting, beading, or painting related just in case I ever need it but really don't they get it!! What did you do for insurance?

  2. #2
    Senior Member Opal Jane's Avatar
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    I haven't done anything....and now I think I need to.

  3. #3
    MTS
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    You could have an certified appraiser come and give you a written appraisal.

    Insurance companies will accept that for loss/damage on a quilt (as opposed to replacement cost of a comforter from Kmart), they might do the same for the room.

    And I don't think that's an unreasonable estimate.
    I look around here and know it would also be a pretty high number.

    That's just for the raw materials.
    If you wanted your quilts covered for more than that, you'd have to get each one appraised.
    But it might be worth it to you.

    See what the adjuster has to say.

    How does he value (hobby) woodworking studios, also with a lot of equipment and tools and inventory?

  4. #4
    Senior Member roxie623's Avatar
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    I have to tell you I really never gave it any thought until this year and that was after reading a magazine article. Believe if you figure the cost to replace it all you will be surprised.
    Quote Originally Posted by Opal Jane
    I haven't done anything....and now I think I need to.

  5. #5
    Senior Member LisaGibbs's Avatar
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    I know I just increased my insurance for replacement cost of the house, I didn't even think to figure in the cost of my other supplies. Right now I have most of my scrapbook stuff in a separate storage building I rent because of space isn't at my house where I could comfortably keep it all in one room. When we were overseas, the military had us photograph everything and put pictures of what it would cost out of magazines or catalogs. Now with the internet you could easily print off replacement examples from web sites.

  6. #6
    Super Member quiltsRfun's Avatar
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    Quote Originally Posted by roxie623
    Well we had an adjuster come to the house as we are renewing our homeowners insurance. We go into my room and I try explaining to him about the cost of fabric. You might have thought I had horns growing out of the top of my head. I showed him receipts and such for all of my machines and asked him to put the total replacement value of my room at $100,000.00. I truly don't think that it would cover it all but he said the insurance company might not let it be that high. How do you figure the cost to replace? My god I have 5 years worth of mags alone (10 - 15 different subscriptions) beading supplies, painting supplies as well as all of my quilting supplies. I took video of everything I have that is quilting, beading, or painting related just in case I ever need it but really don't they get it!! What did you do for insurance?
    I have to wonder if he'd have questioned the value if it was your hubby's power tools.

  7. #7
    Super Member quiltinggirl's Avatar
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    I had to take out a "special underwriter's" policy with Farmer's Insurance for all of my items relating to quilting just to have the adequate coverage (I also have a separate policy just for my jewelry). Thank goodness my agent knew what he was dealing with because his wife is a quilter too! LOL

  8. #8
    Super Member ladyshuffler's Avatar
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    All very interesting...............You all have my mind thinking about this !!

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    quiltsRfun, that's a darn good point.

    I don't have a lot of money invested in my hobbies so I'll be okay with my present homeowner's policy, but this definitely is something to think about for anyone with years and years of stash, machines and tools built up.

  10. #10
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    this is really true. Some insurances will NOT cover it on a home owner's policy if it is a large amount. You need a special rider for it.
    Some won't do it if you have a STUDIO because then you are business in their eyes and they don't insure business with a home owner's policy.

    Truly if you have a large stash, machine collection, etc, you really need your insurance company rep. to come in and walk it/talk it out to make sure you are covered correctly!
    We had to get a rider for my DH's wood shop, one for my quilting studio and one for my jewelry!

  11. #11
    Super Member MrsM's Avatar
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    Quote Originally Posted by Opal Jane
    I haven't done anything....and now I think I need to.
    Ditto!

  12. #12
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    Yep, we have riders on anything above what "they" consider the norm. Take lots of pictures (dated) and put copies in your safe deposit box or with a friend. Should update every couple of years. It all sounds so silly but once you have suffered a loss and gone through the insurance process you realize the value of that time spent documenting.

  13. #13
    Super Member lovelyl's Avatar
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    I called this summer about a rider to cover my sewing machines (8 sewing, 1 serger). Most are vintage, but replacement cost would be a significant amount of money. The agent seemed totally perplexed at what I wanted a rider for. She insisted the cost would be covered by my homeowner's policy. (?)
    I never even thought about trying to cover my stash, thread, rulers, Go and dies, cutting mats, rotary cutters, etc. I would hate to have to replace it all - what a lot of $$$$! Maybe I should call my agent back and insist on a rider!

  14. #14
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    Quote Originally Posted by lovelyl
    I called this summer about a rider to cover my sewing machines (8 sewing, 1 serger). Most are vintage, but replacement cost would be a significant amount of money. The agent seemed totally perplexed at what I wanted a rider for. She insisted the cost would be covered by my homeowner's policy. (?)
    I never even thought about trying to cover my stash, thread, rulers, Go and dies, cutting mats, rotary cutters, etc. I would hate to have to replace it all - what a lot of $$$$! Maybe I should call my agent back and insist on a rider!
    Get an appraisal and then get the rider.

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