Sports Card Insurance

[obcbobd]

Originally Posted by LarsHoneyToast

How many of you use sports card insurance?

I've got a very modest collection, it values around $3000-$3500

I just put in some data into Collect Insure and my quote was for $68 a year.

Seems like a layup at $5 a month.

What has been your experience with collectables insurance?

Has anyone experienced making a claim? Was it a smooth process?

From advice I've heard from others- "get a policy once you would feel the sting if you were to lose your cards"

While my collection isn't a ton of money, I am now getting to that point where it might sting a little to lose the cards, let alone the emotional investment I have tied to a couple of cards I love.

Thoughts?

As others have pointed out, insurance will not help with the emotional loss of cards you love. I've always felt insurance was for big things that you can't afford to lose, such as a house.

Look at it this way. If you are 30 and plan to insure your collection for the rest of your life, that could be 60 more years. 60 x $68 = $4080. I realize there are lots of variables, but for a collection your size, I'd self insure and spend the $68/yr on more cards. Or a safe!

Good luck either way.

Bob