Quoted from rommy:
If you have homeowners insurance , with replacement cost, you don't need it. No one is going to give me $500 for my pins - lmao!
I can verify this. My house burned in 2012. They gave me replacement cost for everything. For instance, that five year old laptop that is not worth $50 on ebay is worth $500 to the claim because that is what it would cost to buy a new one. For pinball machines I worked with the company to show them places to get prices (ebay, Bostonpinball, Mr pinball, etc.).
Here is my biggest piece of advice: Pinball machines should be covered under personal property. Make sure that coverage is adequate, indeed replacement value and specifically mention pinball machines to your insurance company. Here in Florida the personal property is a percentage of your coverage for the structure. Unfortunately my insurance company switched me from 50% to 35% without me knowing and that ended up costing me about $20,000 when all was said and done... My new house is waaaaaay nicer than my old house and I made sure that I have at least $180,000 of personal property insurance.
Hopefully no one else here will ever come home to an ACDC BIB that had been ON FIRE. What the fire doesn't get, the smoke does. I literally came home to find that I lost everything I owned except my car and the clothes on my back. Most importantly though, no one was hurt and my dog got out the doggie door.