Collectibles Insurance
How much is too much?
Years ago, when my collection was much more modest, I had a Collectibles rider added to my insurance.
$60 annually for $5,493 declared value.
I now have individual cards worth more than that.
I live in a gated community and the cards are in fire-proof safes hidden from view.
I have always felt fairly secure with my situation, but after showing the collection to family members over the holidays, I was urged to at least look into the cost of having them fully insured.
The quote I got is $1,200 annually for $159,869 declared value, with steps down if a deductible was included.
What do you think?
Thanks in advance for your input
-Raymond
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"A life is not important except in the impact it has on others lives" - Jackie Robinson
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