Collectors insurance

[usernamealreadytaken]

Depends on the policy, but generally you have to list items like these and pay a premium... The safest bet (depending) is a safe-deposit box, but if I had a Plank, it would be like dropping a kid off at daycare...a tough goodbye...

[botn]

I have been using Collectibles Insurance Services for a long time. I highly recommend them. http://www.collectinsure.com/

[Leon]

I would end up paying quite a bit to insure my cards personally. I made the choice to have them online and keep all of my expensive ones in a safe deposit box. It costs me $100 a yr and gives me a huge peace of mind. For our auction it was a very easy decision, we use CIA Insurance. regards

[T206Collector]

It is very reasonable. But I have never had to make a claim (thankfully). It is much easier than homeowners' insurance.

[Chicago206]

Originally Posted by usernamealreadytaken

Depends on the policy, but generally you have to list items like these and pay a premium... The safest bet (depending) is a safe-deposit box, but if I had a Plank, it would be like dropping a kid off at daycare...a tough goodbye...

Its called a "ryder" in insurance terms. You can insure certain things, but others are not insurable (at least through Allstate), such as my wife's jewelry as an example.

[Orioles1954]

I also highly recommend CIA and the "safety deposit box" method. Even for collections like mine which are valued at $5000 or less....it is wonderful for peace of mind.

[JasonL]

As soon as I get anything worth near $100 (not too often), I scan it, enjoy it in full daylight for maybe a day or two and then it is tossed into the bank safe deposit box. While it takes some of the fun of having the cards around, I never worry about them, and a trip to the bank is alot more fun!

[Ladder7]

Dont need no stinkin eensurance

[jbsports33]

I agree - Collectibles Insurance Agency is the best and they have very fair rates, safe deposit box is always good as well! Homeowners Insurance can be a lot of paper work and extra fees to add your cards.

Jimmy

[calvindog]

Has anyone ever had to make a claim with CIA?

[botn]

Jeff I have made 2 claims in 7 years. One was something which was lost in the mail for around $1000 and another for about 12K in which I had a Fed Ex coming back from PSA and the box had been cut open and contents removed. The claims process was very easy and took them about 35 days to pay out.

[timzcardz]

Originally Posted by calvindog

Has anyone ever had to make a claim with CIA?

Here is a fairly recent thread about a theft and successful insurnace claim:
http://www.net54baseball.com/showthread.php?t=118262

[Chicago206]

Originally Posted by Ladder7

Dont need no stinkin eensurance

I have yet to see a gun that fires bullets at bad guys while you are 1,000 miles away on vacation!

[Ladder7]

You think youre better than me, cuz I cant afford a vacation?

Besides, with this outfront. Who's gonna check to see if anyone's in the trailer!?

[M's_Fan]

I contacted my insurance company (Travelers) and they said I was already insured up to a certain amount from theft and fire, but only for the cost of my cards (not current value). It was totally inadequate.

But you really can't be compensated for the time you've spent putting your collection together. The safe deposit box is fine if you don't mind being away from your cards. But as I said in the other thread, if you like to be near them as I do, I highly recommend a top quality fire proof safe. Ft. Knox safes are built like, well, Ft. Knox.



http://ftknox.com/

[ibuysportsephemera]

Been using Collectors Insurance for probably 5 years or more. Thank goodness, never needed to make a claim

Over the years I have compared pricing as compared to a rider on my home owners...the cost is not even close, homeowners is at least 2x as much and doesn't include flood (which is include by CIA).

Jeff

[smtjoy]

I was the person in the thread who made a claim late last year after having cards stolen out of my truck around Christmas. I was paid in full and very glad I had insurance. I keep my cards in a home safe and have them fully insured (my homeowners policy was a joke regarding collectibles).

My Collectibles Insurance Services annual rates are a bit less than 1% of the total value insured.