Posted By:
Dan MathewsonSome good news about the insurance. Remember earlier, Jeff pointed out one exclusion:
"Another important note is that the policy will not pay out more than $10,000 on any one item."
Well, this is for any item that the collector does NOT list on the schedule of items worth over $2500. According to Angie Becker at AIA (the underwriters in NC), that is only for items that the collector neglects to list on the schedule of items valued at over $2500. That's specifically why they have us make those schedules. The "will not pay out more than $10,000 on any one item" is for any item NOT listed on the schedule. I'm very glad I asked her about that and got that cleared up. This is just for anyone considering this insurance because, as I told Angie, many people will have cards and other items worth well over $10K. She totally agreed.
That made me very happy. 