Insurance vs. Safe? Or both?

[Kenny Cole]

Safe deposit box at the bank. Less than $100 a year. Very little issue with thieves breaking in or losing cards to fire or water damage.

[HRBAKER]

Originally Posted by Kenny Cole

Safe deposit box at the bank. Less than $100 a year. Very little issue with thieves breaking in or losing cards to fire or water damage.

Yep, best way to go.

[sdkammeyer]

i mocked up a policy a couple weeks ago with CollectInsure.com and it wasn't too bad at all.

Just over $600/yr to insure $125,000 with a travel policy as well. That's with a safe and home security system so i'm sure i got a few dollars off for those brownie points. They also build in a little room for collection expansion every year too.

here's a good thread on net54 about the topic:

http://www.net54baseball.com/showthr...ight=insurance

both is the way to go in my opinion.

[DavidG1966]

Originally Posted by sdkammeyer

i mocked up a policy a couple weeks ago with CollectInsure.com and it wasn't too bad at all.

Just over $600/yr to insure $125,000 with a travel policy as well. That's with a safe and home security system so i'm sure i got a few dollars off for those brownie points. They also build in a little room for collection expansion every year too.

here's a good thread on net54 about the topic:

http://www.net54baseball.com/showthr...ight=insurance

both is the way to go in my opinion.

I own a 2hr fire rated gun safe for my cards and valuable items and paper. I use collect insure.com as well. Luckily I have never had to make a claim.

From their website:
Broader and more comprehensive than homeowners insurance, the policy provides for most causes of loss unless specifically excluded. Covered causes of loss include but are not limited to:

mail loss
theft
fire
flooding
natural disasters
breakage

[ethicsprof]

my vote is for safes, safe deposit box, insurance, and an alarm system.
with the great grades your cards have, you probably should have these and more.
all the best,
barry

[r2678]

If you buy a safe, get a real one from a safe company, not one of those you can buy at a hardware or office supply store. Also, know where you're going to put. A good safe could weigh upwards to a ton and once it's in position, it ain't movin'.

[T205Guy]

Besides a good fire rated safe you can always add a smaller fire/waterproof safe for your most important cards and place it inside the larger safe for extra protection.

[EvilKing00]

Originally Posted by Kenny Cole

Safe deposit box at the bank. Less than $100 a year. Very little issue with thieves breaking in or losing cards to fire or water damage.

If the SD box gets robbed - there is no bank insurence on it

What about a big dog?

[sdkammeyer]

Originally Posted by EvilKing00

What about a big dog?

my 3 year old female german shepherd is the first line of defense and is probably worth more (she is trained) than a safe or an alarm .... but having all 3 never hurts

[murcerfan]

"A professional thief will crack your safe"


yup...all the thiefs are expert safe crackers once they turn pro these days...i read it on the innnernet

[Exhibitman]

Or steal it outright. I once had two safes stolen out of my condo. Unfortunately for the thieves, they were empty.

I am less worried about a thief cracking a safe than a robber cracking my family's heads to force them to open a safe.

[dabigyankeeman]

I have insurance, its not that expensive really. I want my cards easy to look at and enjoy. If stolen, hopefully i will get enough money to have fun buying my collection all over again!! Not that i want it to be stolen!!!

[g_vezina_c55]

Both