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LACardsGuy 04-02-2019 03:49 PM

Insurance for collection
 
I am going to have a collection in my possession for maybe 6 months that is going to be sold. value is high enough that I am thinking I should take out a policy.

Found American Collector's Insurance. Anyone have experience with them or have ideas about best alternatives? Thanks.

ubiqty 04-02-2019 04:39 PM

Insurance
 
I go through Antiques & Collectibles Insurance Group in Davidson, NC - just paid $569 for $200,000 of coverage for 1 year.

LACardsGuy 04-02-2019 04:42 PM

thanks. will look into that now.

Promethius88 04-02-2019 05:35 PM

Probably get a decent .30-06 and at a decent price and set up a sniper nest. I guess that only covers theft, though.

LACardsGuy 04-02-2019 05:48 PM

Quote:

Originally Posted by Promethius88 (Post 1867310)
Probably get a decent .30-06 and at a decent price and set up a sniper nest. I guess that only covers theft, though.

also super helpful for accidentally shooting one's children.

Leon 04-03-2019 07:36 AM

Safe deposit box at bank....was my best solution.

Yastrzemski Sports 04-03-2019 08:02 AM

I would imagine that you can add it onto your homeowners insurance for the lowest cost.

Pilot172000 04-03-2019 09:18 AM

Quote:

Originally Posted by Yastrzemski Sports (Post 1867413)
I would imagine that you can add it onto your homeowners insurance for the lowest cost.

Homeowners will only cover a small portion of it. Anywhere from $1,000 to $15,000 based off of the policy and that doesn't include the deductible that could be $1,000. You would have to have a possible total loss for it to be realistically covered.

LACardsGuy 04-03-2019 10:22 AM

Quote:

Originally Posted by Leon (Post 1867402)
Safe deposit box at bank....was my best solution.

wanted to do that, but after calling all the local bank of america's, have learned that they are hard to come by! long waiting lists

megalimey 04-03-2019 10:37 AM

insurance payout unlikely
 
you can pay for all the insurance you like and the insurance company will gladly take your premiums , how ever they will make you jump through hoops and potentially deny claim , if you cannot provide them with pictures a comprehensive list and appraisal from a registered reputable Memorabilia appraiser , good luck finding one . Find a bank drive 50 miles if need be with available boxes they may require Opening an account with a minimum balance.


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