(Topic ID: 159525)

Home Owners Insurance Covers Pinball Machines?

By WackyBrakke

3 years ago

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  • 103 posts
  • 43 Pinsiders participating
  • Latest reply 1 year ago by MrBally
  • Topic is favorited by 10 Pinsiders


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    #15 3 years ago

    Thanks for this thread. Just emailed my agent.

    1 year later
    #87 1 year ago

    That is not the question to ask.

    They will pay if there's a fire.

    The real question is HOW MUCH will they pay for your machines.

    That's the issue here.

    I am currently working with my agent on this issue.

    #90 1 year ago

    Progress. I have heard back. I'm with American Family Insurance. I have an extra policy that covers my machines. It is about $20 a month for this extra policy (a little less if I remember correctly). It covers my entire current collection. Here's what my agent wrote today when I asked "what is the replacement value":

    "It is a replacement policy. So you buy a 52” LG TV at an estate sale for $100. 3 weeks later the TV is stolen. We tell you to go buy a 52” LG TV at Best Buy and it is $2500. You get it because it is Like for Like. Same thing with the pinball machine they are going to give you $5000 cash they are going to say find another one LIKE for LIKE and they will pay for it. It could be $7000 OR it could be $4000. You will get the same make, model and condition."

    Now, here's the kicker on "condition". I wrote a document, and sent some pictures. Not even detailed pics. So the insurance company has my pics and only this:

    We currently have SIX pinball machines:

    The Simpsons Pinball Party, January 2003, manufactured by Stern Pinball, Inc.
    VALUE: $6,200
    Note: It's a home-use only, perfect condition and a perfect example of this machine.
    It has the "Radioactive" lollipops rails as well as the "Radioactive" backbox hinges.
    A ColorDMD is also installed ($400 value), as well as the "Itchy & Scratchy TV" mod ($150 value).
    It also boasts a full Cointaker LED kit.

    The Hobbit (2014) by Jersey Jack Pinball, still in production today.
    VALUE: $8,500
    Note: It's a home-use only, perfect condition and a perfect example of this machine.

    Pirates of the Caribbean , June 2006, manufactured by Stern Pinball, Inc.
    VALUE: $5,500
    Note: It's a home-use only, perfect condition and a perfect example of this machine.

    Champion Pub, April 1998, manufactured by Bally Manufacturing Co.
    VALUE: $5,500
    Note: Higher value due to the new Pinsound sound board installed, as well as a new DMD driver board. One of the best examples of this machine you'll ever see, with original glass backglass in perfect condition, accentuate by all-L.E.D. conversion.Also has Mirror-Blades installed.

    The Last Action Hero, 1993, manufactured by Data East USA, Inc.
    VALUE: $3,200
    Note: Superb example of this machine, almost perfect cabinet and playfield and a L.E.D. lighting conversion and powder-coated legs and lockbar. Also has Mirror-Blades installed.

    Star Trek: The Next Generation, 1993, manufactured by Williams Electronic Games, Inc.
    VALUE: $6,400
    Note: Superb example of this machine, with an almost perfect cabinet and playfield.
    Modifications that increase its value are:
    Playfield in excellent condition. No errors. DMD display board has been replaced recently. Cabinet has no fade, colors are bright, a few nicks and scratches, nothing major. Extras include: Mirror Blades, Pinbits shaker, LED lamps and insert lighting, BriteCaps™ EVO lighted pop bumpers, lighted LED flipper buttons, laser pointer cannon mod, all ships upgraded.
    Also includes new ramp and protector: 4/1/2016, Ordered from http://www.marcospecialties.com :
    STAR TREK NEXT GEN (WMS) Alpha Guards RG-11 1 $19.95 $19.95
    STAR TREK NEXT GEN (WMS) Ramp Alpha PR004 1 $124.00 $124.00

    So I suppose they are trusting me to assess the quality of my machines. Fine by me. End-of-progress.

    Edit: Correction. They wanted a picture of my game room, with all the machines visible, in the same place at the same time. I included my wife in the picture for authenticity.

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