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JKBrian - not having to individually itemize your cards with CIA (except for those worth over 5k) does not make getting paid in the event of a loss any less likely. Whether the insurance company requires a full list of your cards (which, for many of us, would require almost weekly amendments due to frequent buying and selling) or not - if you claim a loss, they will require proof of ownership. In other words, even if you provide an inventory up front, w/o scans, receipts, etc. the insurance company is no more certain that you actually own the list provided up front as they are if you provide a list of items taken after the fact. CIA is also backed by Hartford which carries, I believe, the highest rating for insurers.
Regarding not insuring due to estate taxes - completely agree with Adam. Also, is it just me, or is there something odd about a judge offering advice about ways to avoid taxes?