Insurance

[Peter_Spaeth]

Without a rider which can be expensive not sure collectibles are insured under your homeowners' policy. Consider a separate policy from someone like Association Insurance Administrators in Davidson, NC which will only require you to list individual items over a certain threshold.

[PWeso81]

Originally Posted by Peter_Spaeth

Without a rider which can be expensive not sure collectibles are insured under your homeowners' policy. Consider a separate policy from someone like Association Insurance Administrators in Davidson, NC which will only require you to list individual items over a certain threshold.

Not sure about collectibles...my wife's jewlery is covered. Is that along the same lines?

[Peter_Spaeth]

Well you would have to read your policy and ask your agent, I am just saying generally, as I understand it, collectibles are only covered with a rider and it may be less expensive and more convenient to buy a separate policy than to purchase a rider.

[PWeso81]

Thanks. We have talked about it. He says give him a list and then shoots a price. What do I ask for? I know that my value won't be the same as his.

[william_9]

Try these guys. I'm pretty sure they were set up at the National. I got a quote through them a few years back, seemed reasonable to me. http://www.collectinsure.com/

[JamesGallo]

I think this has been covered many times in the past. The best place is

Collectibles Insurance Agency

http://www.collectinsure.com/cost.ht...FeJN5QodpxUjhw

Reasonable rates and you don't need to itemize anything under $5,000.

James G

[PWeso81]

Thanks James

I know the topic has been brought up before...and I know it is usually followed by a website to check out. What I don't know is the best way to approach placing a value. Do you add everything up and insure one lump sum...or do insure different lots for different amounts? I would just like to hear how some of the other forum members handle this.

[JamesGallo]

Originally Posted by PWeso81

Thanks James

I know the topic has been brought up before...and I know it is usually followed by a website to check out. What I don't know is the best way to approach placing a value. Do you add everything up and insure one lump sum...or do insure different lots for different amounts? I would just like to hear how some of the other forum members handle this.

Place realistic replacement value as that is what they will look at. Usually everything doesn't get damaged or stolen so they will only pay out on what is taken or damaged.

As stated yes one lump sum unless you have a single card worth more then $5000. Anything worth over $5000 has to be listed and if you sell it you need to let them know about it.

Honestly I have a few things that I should list but have not done so, I really need to do that this week especially considering I had some stuff taken recently :-(.

James G

[old-baseball]

I just started to look into this recently and got a price from the agent that we buy our home insurance from. They'll insure on an annual basis for $50 per $10,000 of value that I claim. How does this compare to what some of you are paying?

[dabigyankeeman]

Originally Posted by old-baseball

I just started to look into this recently and got a price from the agent that we buy our home insurance from. They'll insure on an annual basis for $50 per $10,000 of value that I claim. How does this compare to what some of you are paying?

Similar to Collectibles Insurance Services which is the company i use. I would trust them more than a regular insurance company that normally doesnt deal with specialized stuff like this in case of a claim.

[PWeso81]

Originally Posted by JamesGallo

Place realistic replacement value as that is what they will look at. Usually everything doesn't get damaged or stolen so they will only pay out on what is taken or damaged.

As stated yes one lump sum unless you have a single card worth more then $5000. Anything worth over $5000 has to be listed and if you sell it you need to let them know about it.

Honestly I have a few things that I should list but have not done so, I really need to do that this week especially considering I had some stuff taken recently :-(.

James G

Perfect! Thanks James. This is the advice I was looking for.

Also, I did not know Beckett recognized graded cards. I use Beckett's website...Don't want to step on anyones toes here but NOT very user friendly. In fact...well PM me if you really want to hear my rant. Thanks for everyones input.

I use USAA for my homeowners insurance and they have gave me 100000 to cover my collection. They value it on Published guide prices. This is the only time I can say a beckett is worth it's weight in paper. Also it was easy to get it because of my registry and had most of my card scanned and documented.

[PWeso81]

Originally Posted by Pup6913

I use USAA for my homeowners insurance and they have gave me 100000 to cover my collection. They value it on Published guide prices. This is the only time I can say a beckett is worth it's weight in paper. Also it was easy to get it because of my registry and had most of my card scanned and documented.

Now we are talking. Although Beckett doesn't recognize graded cards...I like what you say.

Originally Posted by PWeso81

Now we are talking. Although Beckett doesn't recognize graded cards...I like what you say.

Sure they do. Its their graded card guide. For the card worth more than listed (not very often BTW) I provided prices from auctions, Ebay, and other sources for values. Worked great and was quite easy.

[Bilko G]

Originally Posted by Pup6913

Sure they do. Its their graded card guide. For the card worth more than listed (not very often BTW) I provided prices from auctions, Ebay, and other sources for values. Worked great and was quite easy.

[jcmtiger]

Bury the cards in your backyard with your cash. 1 year cd's .65 %, hide everything no insurance. Obama savings.

Joe

Hey I'm 69 years old, maybe I'm numbed by the last few years of downturn.

[Matthew H]

Maybe it may be worthwhile to look into simply insuring the really valuable vintage stuff. It may be easier to replace some of those modern sets versus paying to insuring them.

Insuring cards is a great idea because then you get to enjoy them at home rather than in a box at the bank. I'm interested to see what you find out.

[PWeso81]

Yeah, I have (2) complete Topps sets for every year from '74 - 2009. I keep one boxed and the other in a binder. 35 sets in binders took a ton of time. that is where the value (for me) comes into play. The vintage cards are in a safe.

[Matthew H]

Even if you insure them all, they will just give you the money to start over. The painstaking time you took is irreplaceable. It sounds like you have alot of cards. I guess it is worth insuring.