CIS - Collectibles Insurance Services experiences?

[Flintboy]

Make sure you know what exactly is covered. I sell a few items a year (4-6) and I mainly wanted coverage in case Fed Ex or USPS damaged or lost the item. The agent then made my policy a “dealer policy”. It went to over a 1,000 a year from originally $250. Hard pass for me.

[CardPadre]

Originally Posted by Flintboy

Make sure you know what exactly is covered. I sell a few items a year (4-6) and I mainly wanted coverage in case Fed Ex or USPS damaged or lost the item. The agent then made my policy a “dealer policy”. It went to over a 1,000 a year from originally $250. Hard pass for me.

If you really sell that infrequently, did you know you can purchase one-time shipping insurance on myslabs for up to $20k coverage?

[Flintboy]

I did not know that, thank you for that information.

[Jobu]

Several years ago they told me that they understand that many collectors trade and sell at least a little bit and that a collector's policy is fine for low levels of both.

Originally Posted by Flintboy

Make sure you know what exactly is covered. I sell a few items a year (4-6) and I mainly wanted coverage in case Fed Ex or USPS damaged or lost the item. The agent then made my policy a “dealer policy”. It went to over a 1,000 a year from originally $250. Hard pass for me.

[Brent G.]

If you live in a low crime area with no real weather or fire threat, it should be really cheap. I couldn’t believe how little State Farm charges me as part of renter’s insurance.

[raulus]

Also, don’t forget about the deductible. No different than car insurance, a higher deductible will lower your premiums, but also makes it harder to make a small claim for something like a card that gets swallowed up during shipping.

Personally, my biggest fear is a complete loss due to a fire or a thief, so my deductible is on the high side. But that means that I’m really not covered if something goes missing that is below the deductible.