Insurance for inventory

[IndySales]

Long shot, but hoping to get some input here.

I rent an office and have been trying to secure some kind of insurance coverage of the inventory I keep on-premises. Renter’s insurance is covered by the owner FWIW. I’ve called multiple agencies and they immediately get cold feet once “used consumer electronics” comes up. Specifying I just want coverage for the inventory doesn’t seem to help, but maybe I’m not using the right language or being assertive enough.

Any recommendations or tips?

[Jay]

We use State Farm for insurance. Home, auto, liability, commercial. We do not insure our eBay inventory.

I’d ask for business inventory insurance. Our agent would ask if we have receipts for all our inventory. They’d insure what we paid for it.

But obviously we cant show many receipts for our inventory. We’ve found much of it in thrash. Bought by the bagful at thrift stores, where items arent clearly itemized.  Bought at yard sales with change.

(congrats on the office space!)

So what exactly are you trying to get insurance for? You cant insure the price it could be. They insure what you paid.

At least I don’t think so. This is why I’d ask a local agent in person.

[Author]

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