Swinton Insurance

August 24, 2009 19:00 ET

Value of Music Collections Hits the High Note

MANCHESTER, UNITED KINGDOM--(Marketwire - Aug. 24, 2009) - Records by modern day pop icons such as Calvin Harris and La Roux could be the antiques of the future, according to Swinton, a leading provider of home insurance.

A survey of 1,000 Swinton customers found that 84% homeowners did not know the value of their records and CDs, and 92% were not even aware of how many items they had in their collection.

The research also uncovered that 76% of aged 50 and above had LPs dating back to 1960s or earlier. Only 9% in the 20 - 25 year old bracket owned an LP and a staggering 21% said that all their music was in electronic format on ipods and laptops.

Many people are unaware that their record collection could be worth Pounds Sterling 1000s. Classics such as Bob Dylan's Freewheelin' and The Beatles' Yesterday can fetch up to Pounds Sterling 4,500.

Steve Chelton, Insurer Development Manager for Swinton, said: "A standard home contents insurance policy will cover for everyday records and CDs. However, we'd advise anyone with an extensive collection or items with high value to take out extra insurance to guarantee that they are fully covered."

About Swinton

- With 580 branches nationwide Swinton is the UK's largest high street insurance retailer

- Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community

- Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance

- With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates.

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