Insurance vs. Safe? Or both?

[Texxxx]

Originally Posted by Exhibitman

If your cards are in there during a fire you'll have crispy critters in wet, melted plastic at the end because even the best fire rated safes won't keep the temperatures down enough to not melt the holders and aren't waterproof.

This is not totally true. They make media safes that do not get over 150deg. inside. They are also water proof. They do cost a lot though. I went this way when I bought a safe. I bought it mainly to protect from fire. I look at my cards as pieces of art and if they burn up then they are gone for ever. Money will not bring them back. They are insured also of course. Should they get stolen I would like to get my money back. They are still out there though and not destroyed.

[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!!!